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Created and Produced by The Educational Film Center
The American Telecourse
of
The Annenberg/CPB Multimedia Collection

The Television series Course Materials How you can use 'Inside the Global Economy' Arrangements for use Academic advisors
1.Trade - an Introduction 2. Protectionism 3. Trade Policy 4. Trade Liberalization and Regional Trade Blocs 5. Labor and Capital Mobility
6. Multinational Corporations 7. Fixed versus Floating Exchange Rates 8. Managing Currencies and Policy Coordination 9. Exchange Rates, Capital Flight and Hyperinflation 10. Developing Countries
11. Economies in Transition 12. The Environment 13. The Evolving World Economy
THE TELEVISION SERIES
Inside the Global Economy includes 13 one-hour television programs that present an in-depth examination of the basic principles of international economics. They are the result of a multinational collaboration of a coproduction team from the U.S.A., Australia, Sweden, The Netherlands and Latin America.
By balancing generally accepted American views with those from other parts of the world, the programs broaden viewers' perspectives on the growing economic interdependence of nations -how it happens and how it affects lives around the globe.

Each program features two documentary case studies that illustrate the connection between economic theory and global trade, business, and finance in concrete, highly visual terms. The 26 case studies were produced in more than 20 countries.
Some provide a new perspective on major world events of the past 40 years; others cover recent international economic milestones, including the formation of the European Economic Community, the efforts at economic transformation of the former Sovjet Union and other East European countries, and the repositioning of the United States as an economic power.

Using a variety of production techniques -on-location production as well as use of news and archival footage - the stories offer fresh insights from leaders, policy makers, economists, consumers, workers and their families. They take viewers to France to interview a director of Airbus Industry, to Zaire for the views of an impoverished coffee farmer, to a U.S. debate over the voluntary restraints of automobile exports from Japan.

In addition to the case studies, each program provides and introduction and analysis of the economic principles by the project's director of content, Dr. Nariman Behravesh, senior vice-president/research director at DRI/MacGraw-Hill. A distinguished group of international economists from Australia, Sweden, Venezuela, and the U.S. wraps up each program with an illuminating round-table discussion of a major economic issue.

Wether viewed for general information, coursework, or training purposes, Inside the Global Economy provides unique and fresh perspectives on the forces that are shaping the 1990s and beyond.

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THE PROGRAMS
Inside the Global Economy consists of 13-one-hour programs including two documentary case studies per program. The case study segments are also available seperately on videocasettes or videodiscs and via PBS. (See 'Arrangements for Use'.)
PROGRAMMES CASE STUDIES
1. TRADE - AN INTRODUCTION
Trade - an Introduction focuses on trade to illustrate the forces transforming the global economy, addressing questions such as: Why do nations trade? What determines the basis and direction of trade? Who gains or loses from trade? IBM 's shift of computer production from the U.S. to Japan
Back to Beginning Impact of Australia's mineral export boom on its domestic car production
2. PROTECTIONISM
Protectionism examines impediments to trade, covering both tariff and nontariff barriers, It includes discussions about the driving forces behing protectionis and the likely winners and losers. French agricultural subsidies and conflict in the Uruguay round
Back to Beginning Voluntary export restraints on Japanese cars into the U.S.
3. TRADE POLICY
Trade Policy discusses ways countries try to change their competitive advantage in trade through subsidies and industrial and regulatory policies.
Import-competing and export-promotion policies are compared using specific examples.
The development of Airbus as an example of industrial policy
Back to Beginning The Chilean wine industry and export promotion policy
4. TRADE LIBERALIZATION AND REGIONAL TRADING BLOCS
Trade Liberalization and Regional Trade Blocs compares the progress made on multilateral trade liberalization in the post-World War II period with parallel attempts to form preferential trading arrangements. Includes discussions of the statistic and dynamic impact of free trade areas, customs unions, etc. The Canadian - U.S. Free Trade Agreement
Back to Beginning The entry of the United Kingdom into the EC and its impact on trade with Australia
5. LABOR AND CAPITAL MOBILITY
Labor and Capital Mobility considers the intrnational mobility of capital, labor, and technology, including the relationship between trade in goods (and services), the mobility of factors of production, and the pressures that drive and inhibit labor migration. Guest workers and immigrants in The Netherlands
Back to Beginning Mexican immigration to the U.S. and the Maquiladora program
6. MULTINATIONAL CORPORATIONS
Multinational Corporations examines these organizations as a vehicle for movement of capital and transfer of technology as an engine of globalization, with discussion of the controversies often accompagnying the activities of multinationals. Direct investment by Ericsson in Hungary
Back to Beginning Whose multinational is it? A comparison of Smith-Corona and Brother
7. FIXED VERSUS FLOATING EXCHANGE RATES
Fixed vs. Floating exchange rates considers the strenghts and weaknesses of the two types of exchange rates using the experience of the 1960s, 70's, and 80s. Includes discussion of the role of exchange rates as shock absorbers as well as costs of exchange rate fluctuations. The impact of U.S. dollar fluctuations in the 1980s - Komatsu vs. Catrpillar
Back to Beginning Floating exchange rates and petrodollar recycling in the 1970s
8. MANAGING CURRENCIES AND POLICY COORDINATION.
Managing Currencies and Policy Coordination extends the discussion by examining what motivates governments to manage currencies and coordinate policies. The limits to government intervention in foreign exchange markets are highlighted by looking at recent events in theU.S. and Europe The Plaza and Louvre Accords
Back to Beginning The costs to the U.K. of joining the European Monetary system
9. EXCHANGE RATES, CAPITAL FLIGHT AND HYPERINFLATION
Exchange Rates, Capital Flight, and Hyperinflation analyzes factors that affect exchange rates. These include the impact of international capital flows and other market factors, such as inflation and trade flows.
Back to Beginning Hyperinflation in Argentina
10. DEVELOPING COUNTRIES
Developing Countries analyzes how these nations have been helped (or hurt) by the rapid growth in trade and factor mobility in the post-World War II period. It discusses steps that can be taken to integrate developing countries into the global economy. Comparison of development policies in South Korea and Sri Lanka
Back to Beginning Tanzania: the policies of aid vs trade
11.ECONOMIES IN TRANSITION
Economies in transition focuses on the transformation of former Communist countries into market economies and assesses the macro - and micro - economic policies needed to ensure their successful reintegration into the global economy. Russia - the fate of state industries vs. private entrepreneurs
Back to Beginning Poland - the transition to a market economy: did shock therapy work?
12. THE ENVIRONMENT
Environment looks at the internal dimension of environmental problems, focussing on transnational pollution, international property rights, and perceived differences between trade and environmental protection The U.S. -Mexico agreement on dolphin-safe tuna fishing
13. THE EVOLVING WORLD ECONOMY
The Evolving World Economy explores the dynamic aspects of comparative advantage, the evolutionary nature of trade competitiveness, and the importance of human capital. It also looks at the shift in comparative advantage away from manufacturing to services and knowledge-intensive industries in industrialized countries U.S. dominance of the global software market
Back to Beginning The rise of East Asia (especially China) as an economic power
Academic Advisors for INSIDE THE GLOBAL ECONOMY
AUSTRALIA:Rachel McCullough, Professor of International Finance, Brandeis University, Australia
AUSTRALIA Richard H. Snape,Professor of Economics and Chair, Department of Economics, Monash University, Melbourne, Australia
THE NETHERLANDS: Frederick van der Ploeg,Professor of Political Economy, University of Amsterdam, the Netherlands
THE NETHERLANDS: Jolanda Heemskerk, Lecturer in International Economics, University of Amsterdam, The Netherlands
SWEDEN: Magnus Bl&oumlmstrom, Professor of Economics, Stockholm School of Economics, Stockholm
THE UNITED STATES:
Nariman Behravesh, Director of Academic Content, Senior Vice President and Research Director, DRI/MacGraw-Hill Washington, D.C.
Thomas O.Bayard, Institute for International Economics, Washington, D.C.
Lawrence Klein, Benjamin Franklin Professor of Economics & Finance, University of Pennsylvania,
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COURSE MATERIALS

The complete package includes the 13-hour broadcast television series for distance-learning undergraduate courses, a case study reader and review, a recommended textbook, print and software tutorials for students, and a faculty guide.

The Videocassettes

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Full programs: The 13 one-hour programs are also available on VHS videocassettes as resources for use by colleges and high schools, or for business and corporate management training sessions.

Case studies: The complete set of 26 video case studies (Averaging seven minutes) are also available seperately for course use, independent study, or individualized training program use. They are contained on two two-hour VHS cassettes or two two-sides videodisks. For the description of the case-studies see
Case-studies.
The Textbook

International Economics, Fifth Edition.

Robert J. Carbaugh Professor of Economics, Central Washington University.

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Like the programs themselves, Carbaugh's text takes an applied approach to study of international economics. Clear writing and a wealth of real-world examples promote student understanding of the relevance of economic principles to contemporary issues. The text supplements the teleourse with full discussion of topics such as industrial and strategic trade policy, comparative advantage theory, exchange rate determination and forecasting, international trade in services, environmental regulatory policies and international competitiveness.

South-Western College Publishing
Stock#:HV60EA
ISBN: 0-538-84427-2
The Reader

Inside the Global Economy: A Case Study Reader and Review Guide.

Edited by Robert J. Carbaugh

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This guide functions as the telecourse study guide. It contains a special collection of articles, monographs, and other resource readings keyed to the case studies that are designed to amplify material presented in the series and the textbook. With review exercises.

South-Western College Publishing
Stock#:HV60ED1
ISBN: 0-538-84444-2
The Study Guide

Study Guide for Carbaugh's International Economics, Fifth Edition

James S. Hanson, Willamette University

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With problems and projects keyed to the text.

South-Western College Publishing
Stock#:HV60ED
ISBN: 0-538-84443-2
The Faculty Telecourse Manual

Faculty Manual for Inside the Global Economy
and Carbaugh's International Economics, Fifth Edition


Edited by Robert J. Carbaugh

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With information on the course, suggestions on managing a telecourse, and a test bank that includes brief answers/solutions to end-of-chapter questions in the text plus a wealth of multiple-choice questions keyed to the programs (with answers) to aid preparation of quizzes and examinations.

South-Western College Publishing
Stock#:HV60EX
ISBN: 0-538-84445-2
The Software

Inside the Global Economy: An Interactive Tutor

Wiilam T. Gunther, University of Alabama, and Irene R. Gunther, Systematic Research,Inc.

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This IBM-based computer software program for students includes a glossery of terms from the videos and the textbook; foundation topics, with graphical analysis where appropriate, featuring &quotKwikCheck" interactive testing; simulations (allowing for forecasting scenarios for potential outcomes on variables such as exchange rates or oil prices) that ecourage students to utilize their analytical skills; and database of multiple-choice questions, keyed to textbook chapters, that can be used to create self-tests. Available in DOS and Windows formats for the IBM PC and compatibles.

Producer: Economics Software Design, Tuscaloosa, Al
South-Western College Publishing
ISBN: 0-538-84558-9

HOW YOU CAN USE INSIDE THE GLOBAL ECONOMY

  • As a college credit telecourse fulfilling a one-semester elective in international economics, given by exonomics, business, or political science departments.
  • As support materials for on-site, economics related undergraduate or graduate level courses in international economics, international trade and finance, comparative economic systems, etc.
  • As an educational tool for business and management consultants, multinational corporations, marketing and telecommunication specialists, securities and financial analysts, law and accounting firms, economic planners, or governmental, community, and service agencies dealing with international trade and policy or economic development.
  • As a social science offering for adult or continuing education students or for gifted and advanced placement high school students.
  • As a video reference resource for public and university libraries and media centers.

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ARRANGEMENTS FOR USE

The 13 hours series or the set of documentary case studies (totaling 3 hours) of Inside the Global Economy, may be licensed for educational broadcast, cablecast, and/or videotape use through the following licensing/distribution contacts:

  • For the United States and Canada, please contact the PBS Adult Learning Service for broadcast or off-air taping licenses.
    Telephone: 1-800-257.
    For purchases of the complete video series and/or case study documentary set, contact : 1-800-LEARNER or go to
    Inside the Global Economy.

  • For any other inquiries or use, please contact Steve Rabin, Educational Filmcenter, 5101 Backlick Road, Annandale, VA. 22003
    Telephone: (+) 1 703 750 0560 or Fax: (+) 1 703 750 0566

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