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| The quotation from Federal Reserve Chairman Ben Bernanke at the beginning of the chapter is from a speech that he presented in Jackson Hole, Wyoming, on August 25, 2006, entitled “Global Economic Integration: What’s New and What’s Not?” The full transcript of the speech is available at www/federalreserve.gov/newsevents/speech/bernanke20060825a.htm. Read this speech and answer the following questions: a. List three ways in which international trade today does not differ from the trade that occurred before World War I. b. List three ways in which international trade today does differ from the trade that occurred before World War I. |
