TED — How Containerization Shaped the Modern World

Sir Harold Evans, the author of They Made America, describes how the shipping container revolutions international trade and made it easier to ship products around the world. This TED Talk could be used when discussing comparative advantage and trade or even when thinking about factors that have led to the growth of countries.

The Little Rascals — Two Pickles

You don’t like pickles, but your friend does? That works out well for these two as Buckwheat buys Porky’s pickle from him for 2 cents. What a quick example for a mutually beneficial transactions.

The Bourne Identity — I Need a Ride

Jason Bourne, played by Matt Damon, asks a cash-strapped young woman (Franka Potente) for a lift while Conklin (Chris Cooper) musters all of his forces to find him. Both parties have something that the other one needs, so a mutually beneficial trade occurs. This clip really highlights the concept of double coincidence of wants.

Channel 4 News — A Grocery Store Without Foreign Products

When countries decide not to participate in international trade, we enter a world of autarky. Few of us realize the impact that international trade has on our daily lives. One grocery store in Germany decided to remove all foreign-made products from their shelves in order to make a statement about trade, immigration, and diversity.

This clip was originally recorded by instragram user @Heinzinger and then shown on a Germany news channel with the additional commentary added on top of the original video. Thanks to @NinjaEconomics for bringing this to my attention.

Up ↑