Lesson11. Howdoyouunderstandthetitle"LivingBetweenThreeWorlds"?Thisreferstothesituationinwhichtheauthorfindshimself.HeisachildofanIndianfatherandEnglishmother,sohehasIndiancitizenship.HealsohasaRightofabodetoworkintheUnitedKingdom.Atthesametime,heisanapplicantforaU.S.GreenCard.2. Whatdoesglobalizationmeantodifferentpeople?Somepeoplebelievethatglobalizationwillimproveproductivitythroughouttheworld,andastheworldbecomesricherandmoreprosperous,livingstandardseverywherewillhavethepotentialtorise.However,somepeopletaketheoppositeview,claimingthatglobalizationwillhaveincreasinglydevastatingeffectsonhumanlife.3. Whatdoyouthinkmakestheauthor'ssituationdifferenttothatofthemajorityofIndians?Theauthorhasapromisingjobinmarketingandbusinessdevelopmentinapost-modernfirm,aso-callednetworkcompanythatisheldtogetherthroughe-mailsandteleconferencesalone.Therefore,hisfateisnotthatofacorporatefoot-soldier,andevenlesslikethatofmostotherIndians,whoarestillpoor.4.Whatdomigrationandoutsourcingmeanfromaneconomist'spointofview?Why?Aneconomistwillnotcareaboutmigrationandoutsourcing.Accordingtotheoriesofmicroeconomics,freeexchangewillmoveresourcestotheirhighestvalueduse,and,asaresult,itwillmaximizeglobaloutput.Undersuchconditions,migrationandoutsourcingaretwosidesofthesamecoin,temporarydisequilibriumconditionsthatwillleadtoaneventualequilibrium.5. Accordingtotheauthor,whatchangeshastheIndustrialRevolutionbrought?TheauthorthinksthattheIndustrialRevolutionhasbroughtglobalinequality.BeforetheIndustrialRevolution.povertywasequallydistributedthroughouttheglobe,andthecircumstancesofapeasantinIndiaandofoneinEuropewerefairlysimilar.WhentheIndustrialRevolutioncame,globalinequalityreachedthepointwheretheaveragebachelorsdegreeholderinIndiahadtomakedowithafewdollarsaday,whilehisU.S.counterpartwithasimilareducationallevelenjoyedathree-bedroomhouse,evenifbothweredoingthesamework.6. WhatdoeslaborsupplyshiftduetoglobalizationmeantoaU.S.worker?Duetolaborshift,thelabormarketthatanAmericanworkerfacesisnolo...
