Institutions II
Materials for class on Wednesday, March 7, 2018
Contents
Slides
Download the slides from today’s lecture.
International Trade Game
This game was originally developed by the international NGO Action Aid and adapted by Dr. John Sloman from the University of the West of England.
Results
In the 8:00 section, lower income countries (C1 and C2) vastly outperformed the rich countries (A1 and A2). In the 9:30 section, both A1 and A2 outperformed everyone else. A1 and C1 merged countries (hence C1’s $0 outcome), and A2 blew everyone away, earning more than 50% of the total global output.
| Section | Country | Total earnings | % of world earnings |
|---|---|---|---|
| 9:30 | A2 | $130,750 | 52.6% |
| 8:00 | B1 | $26,900 | 27.0% |
| 8:00 | C1 | $26,100 | 26.2% |
| 8:00 | C2 | $21,700 | 21.7% |
| 9:30 | A1 | $51,400 | 20.7% |
| 8:00 | A1 | $17,700 | 17.7% |
| 9:30 | B1 | $41,700 | 16.8% |
| 9:30 | C2 | $24,950 | 10.0% |
| 8:00 | A2 | $7,400 | 7.4% |
| 9:30 | C1 | $0 | 0.0% |
This distribution of wealth created a society with a Gini coefficient of 0.47:
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