Grade 9-12
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Video

Making Sen$e with Paul Solman: Is Globalization Wiping Out the American Surfboard Industry?

Updated: March 21 2013,
Author: barrel jason
Teacher Version

Standards

State Standards

Concepts

Balance of Trade and Balance of Payments, Benefits of Trade, Decision Making/Cost-Benefit Analysis, Division of Labor/Specialization, Economic Development, Markets and Prices, Productivity
 Open Video

Economic correspondent Paul Solman reports on an American-born product hit hard by globalization: the surfboard. In Southern California, U.S.-based manufacturers fear they will soon be wiped out by competing, foreign companies due to discrepancies in labor costs and duty taxes.