Assignment 5

1. Read Varian, “An iPod has Global Value.”
2. Read Rodrigue, “Commodity Chain Analysis: 2. The China Connection” (starting about halfway down the page).
1. Look at his sidebar illustrations, particularly the second (Major Components to Price Reductions) and fifth (Costs of a Shoe Sold)
2. Read also Rodrigue's illustration of “Commodity Chains and Added Value” about the "Smile Curve."
3. Read Krugman, “Growing World Trade: Causes and Consequences: The Growth of World Trade: An Overview,” pp. 330-337 (pp. 5-12 in the PDF).
4. Not yet live: Read Field Guide,
   1. pp. 8-11, “Since World War II: New Divisions” and
   2. pp. 12-15, “Global Flows Today: A. Trade in Goods and Services.”