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Chapter Three: What Is Happening in the Global Economy?


China has not only increased its share of world trade but has also emerged as a major trading partner of the United States. Canada and Mexico remain the two largest US trading partners, but rapid growth in the developing world is allowing others to catch up.

Interested in attending the Hoover Institution Summer Policy Boot Camp? Click here for more information.

Discussion Questions

  1. How can we encourage productivity among workers?
  2. What are some examples of technology that have improved productivity among workers?

Additional Resources

  • Read Michael Boskin’s chapter “A Blueprint for Tax Reform” in Blueprint for America here.
  • You can find the rest of Blueprint for America here.
  • For more from Michael Boskin on marginal tax rates, click here.