Book Review and Questions The Walgreens T-Shirt

Preface: Why did the author decide to write this book? She decided to write the book about the Walgreens T-shirt after speaking to anti-globalization activist. She decided to pick a product and track down its full life cycle to see exactly what insights it could provide. What did she expect to find when she began her journey what do most economists believe about globalization? She believed that free trade was more about economics and markets. However, she discovered there were many other factors involved. How does she summarize her finding about markets and the T-shirt? She realized that trade was developed with historical and political webs of influence that are embedded in the market and are often hidden from economist. Part 1 King Cotton American cotton farmers have accomplished an extremely rare thing by keeping a comparative advantage in cotton farming in the US for over 200 years. Explain why this has happened there are two broad categories of reasons. At the end of the section (p. 64 and 65) she uses Thomas Friedmans metaphor of the gazelles and the lions it turns out that American cotton farmers are both. The gazelles win by running faster and smarter than the competition, but the lions win by catching and eating their prey The two reasons are subsidies and technological innovation. Without either of these Texas cotton production would have never survived. How have American cotton farmers insulated themselves from the full strength of MarketShow MoreRelatedManagement Course: Mba−10 General Management215330 Words   |  862 PagesOrganizations, Seventh Edition Cohen Harvard Business Review Finance Articles The Power of Management Capital Feigenbaum−Feigenbaum International Management, Sixth Edition Hodgetts−Luthans−Doh Contemporary Management, Fourth Edition Jones−George Driving Shareholder Value Morin−Jarrell Leadership, Fifth Edition Hughes−Ginnett−Curphy The Art of M A: Merger/Acquisitions/Buyout Guide, Third Edition Reed−Lajoux and others . . . This book was printed on recycled paper. Management http://wwwRead MoreCase Study148348 Words   |  594 Pagesrecording, or otherwise without either the prior written permission of the Publishers or a licence permitting restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd., Saffron House, 6-10 Kirby Street, London EC1N 8TS. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published, without the prior consent of the Publishers. 2  © Pearson Education Limited 2011 Contents AcknowledgementsRead MoreManaging Information Technology (7th Edition)239873 Words   |  960 Pagestextbook appear on appropriate page within the text. Microsoft ® and Windows ® are registered trademarks of the Microsoft Corporation in the U.S.A. and other countries. Screen shots and icons reprinted with permission from the Microsoft Corporation. This book is not sponsored or endorsed by or affiliated with the Microsoft Corporation. Copyright  ©2012, 2009, 2005, 2002, 1999 Pearson Education, Inc., publishing as Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights reserved