Philip Leatherwood, Lecturer

Kazakhstan Institute of Management, Economics, and Strategic Planning

2 March, 2001

• Multinational Corporations: Good or Bad?
• The relationship of Trade Deficits to Government Deficit
• Third World Debt
• The Gains from International Trade: Who reaps the benefit?
• The case for Tariffs: Is it legitimate?

Quiz

1. Draw a Circular Flow Diagram to examine—
1. the relationship of Trade Deficits to Government Deficit.
2. The sources of third world debt and its effects.
2. Outline and Critique each of the three common arguments for tariffs.