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Markets Without Borders

Format: DVD | Streaming | Download
Length: 16:30
Grade Level: 9-12+ | Price: $ 15.00
Closed Captioned

Let the poor into the system...

What accounts for the difference between economic activity in the United States and in the developing world? Economist Hernando de Soto explores the concepts of capitalism and globalization in Tanzania and Peru, where most businesses operate outside the legal system.

The spirit of entrepreneurship is not unique to the Western world; nor is the concept of property. However, globalization involves an abstract system of property rights that allows people to deal in symbols. Visiting the Chicago Mercantile Exchange, Markets Without Borders demonstrates the advantages of the institutions that we take for granted. De Soto shows that in large parts of developing countries, these institutions do not exist. As people flood to the big cities looking to participate in globalization, he argues, governments need to find ways to give them access to the rule of law and property rights.

Subject Areas

Business / Family & Consumer Science

Economics

World History / Geography

Topics

Capitalism

East African Culture

Entrepreneurship

Globalization

Poverty and Prosperity

Property Rights

Rule of Law

South American Culture

This is the best of many good videos from Izzit on the topics of globalization, capitalism, and the rule of law. Hernando De Soto does a superb job in explaining the role of each of these and their importance in the development of nations around the world. Highly recommended.

Damian Holmes
Social Studies - 9,10,11,12
Salem High School, Conyers, GA

This video is a great resource to use in my course's exploration of economic globalism. It was helpful in dispelling myths about the problem of globalization and in provoking thought about possible solutions.

Alicia Hall
History - 11
Tilden Middle School, N Bethesda, MD

I like how Hernando de Soto breaks down complicated concepts into simple to understand explanations for students.

Kathy Lehrmitt
Business/Voc/Tech - 9,10,11,12
O. H. Platt High School, Meriden, CT

Students found the video intriguing to watch and compelling. They did not know people around world do not have the same access to products that are easily available to anyone in this country, or other developed countries. Spurred dicussions on the differences of capitalism and socialist economies and why things were so different.

Salvatore Orlando
Economics - 11
Oak Park Freshman Institute, Oak Park, MI

My students are always ready to give negative feedback when a video is introduced BEFORE I press play. BUT, Market Without Borders provided them with a better understanding of what is happening in the world and how globalization can affect them. They were amazed at the craftmanship of people shown in this video. It was a great eye-opener for them.

Angela Sarkis
English/Lang. Arts - 10,11
Lawrence High School, Lawrence, MA

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