1. Explain what Vijay Prashad has called The Third World Project in chapter one of his book the The Poorer Nations. Who challenged the rich economies and in what institutions was that challenge made? What were the specific economic proposals at the heart of the so-called Third World Project? Be sure to discuss: the United Nations, the G-77, cartels, and commodities
2. Summarize the economic crisis of the 1970s and Volcker Shock, which brought the crisis to an end. Be sure to discuss: the profit crisis, stagflation, labor strikes, interest rates, and other policy changes that started in the 1980s.
3. Explain how the challenge from Japanese manufacturing forced American manufacturing to embrace lean production; be sure to explain what lean production involves.
4. Based on the film Too Big to Fail, which we watched in class, and/or any other sources you want to bring in, summarize what happened during the financial crisis of 2008. Explain why the crisis it happened and how it was prevented from spinning out of control.
