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.
What's Included in a Lesson:
Discover the comprehensive resources included in our Markets Without Borders lesson:
- Student video viewing guide (with a note-taking section and 4 thematic questions)
- Video Lesson
- Lesson activity one
- Online formative assessment
- Lesson activity two
Our carefully designed lesson components work together to create an engaging and immersive learning experience, promoting critical thinking, and academic growth. From thought-provoking preview questions and informative video lessons to interactive activities and assessments, each element supports your students' understanding of key concepts and encourages meaningful discussions. Explore the richness of our Virtual International Field Trip lessons and inspire your students to embark on an exciting educational adventure that will broaden their perspectives and ignite their curiosity.
Lesson Presentation:
Select the preferred format for your lesson plan and access the interactive content designed to enrich your teaching experience.
Lesson Resources:
Our comprehensive Lesson Resources section includes an Educator How-To-Use Guide, providing step-by-step instructions and strategies for seamless lesson implementation. Engage your students with the Student Viewing Guide, which focuses their attention on key concepts and promotes active learning during the video lesson. Extend the learning experience with Lesson Activity One and Lesson Activity Two, offering interactive exercises that reinforce understanding and encourage critical thinking. With these carefully crafted resources at your fingertips, you'll have everything you need to create a dynamic and immersive educational journey for your students.
Online Formative Assessment:
Each lesson has an 11-question formative assessment, ten multiple choice questions, and one written response that will test your students' general understanding of the video. This can be done in class with technology or issued for homework.
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