Lesson 1.3 Production

With your group, discuss the mini case below. Each group will present their answers to the class.

Mini Case:

At the end of the 19th century, the invention of refrigeration enabled Argentina to supply frozen meat to the world market. Argentina’s meat exports went from 0 in 1900 to 400,000 tons a year by 1913. The US went from beef exports of 150,000 tons in 1900 to 0 by 1913.

Questions:

1. Why did beef exports in the US drop so much?
2. Who gained and who lost in this early example of globalization? 
3. What are the primary, secondary, and tertiary industries related to beef?
4. Suppose USA can make 100 thousand tons of beef or 50 thousand tons of corn, while Argentina can make 30 thousand tons of beef or 30 thousand tons of corn. How should the two countries trade? Why?

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Ovide, Jim, Jenny, Cheng
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Shaoxuan (Ovide) Sun
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Shaoxuan (Ovide) Sun
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Danny, Allen, Merlin
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Tan Dung (Danny) Le
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Tan Dung (Danny) Le
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Ivy Devin
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Qinan (Devin) Xu
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Qinan (Devin) Xu
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Sarah Amia
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Siqi (Sarah) Cao
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Siqi (Sarah) Cao
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