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INTERNATIONAL ECONOMICS ECON 390 Lotta Moberg 1-1 TEXTBOOKS Paul Krugman Professor of Economics and International Affairs at Princeton University 2008 Nobel Price winner for his work on the patterns of international trade and the geographic concentration of wealth Columnist in the New York Times with a NY Times blog “The Conscience of a Liberal” 1-2 TEXTBOOKS Donald J. Boudreaux Professor of Economics at George Mason University, chairman of the department 20012009. Published and lectured widely on topics including antitrust law and international trade A public critic of Paul Krugman 1-3 EXPORTS AND IMPORTS AS A PERCENTAGE OF U.S. NATIONAL INCOME 1-4 Source: U.S. Bureau of Economic Analysis COUNTRIES AS UNITS OF ANALYSIS 1-5 EXPORTS AND IMPORTS AS PERCENTAGE OF NATIONAL INCOME IN 2007 Source: Organization for Economic Cooperation and Development 1-6 HAITI Population: 9.7 million Nominal GDP per capita $759 (U.S.: $51,700) Severe deforestation problems Though more than half of all Haitians work in the agricultural sector, the country relies on imports for half its food needs and 80% of its rice Asset: Cheap labor, hence its export components: 1-7 EXPORT COMPONENTS OF HAITI 1-8 APPAREL MANUFACTURING IN HAITI: FRUIT OF THE LOOM UNDERWEAR 1-9