Jacob Frenkel: Markets & the Legacy of Robert Mundell

Jacob Frenkel: Markets & the Legacy of Robert Mundell

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

The transcript discusses the influence of Mandelik on economic thought, particularly his shift from a closed to an open economy perspective. It highlights the importance of globalization, the principles of comparative advantage, and the interconnectedness of capital markets. The conversation also addresses the challenges and benefits of globalization, emphasizing the need for robust fiscal and tax policies to ensure equitable benefit distribution. The discussion concludes with reflections on the Washington Consensus and the need for a clear economic strategy in the face of evolving global challenges.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of Mandelik on the economic profession's view of the economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the concept of a closed economy differ from the idea of an open economy?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the principles of comparative advantage as discussed in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways has the perception of globalization changed over the years?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does globalization face according to the discussion?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How can countries ensure that the benefits of globalization are widely shared?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the term 'Washington consensus' refer to, and how has it evolved?

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