Global Economic Flows: Production and Consumption  Identify and describe the major barriers to global economic flows. Are they effective? Are they necessary?  Identify the major types of economic chains and networks involved in global trade. Offer examples to illustrate your answer.  Analyze the pros and cons of Gereffi’s global value chains.  Examine the linkages between the process of “race to the bottom” and “upgrading.”  Krauss (2008) claims that massive increase in demand for commodities brings “a fundamental change in the global economic structure.” What changes might be involved and why?  Beyond trade, what other types of global economic flows contribute to globalization? What barriers might exist to deter or prevent these?  According to Schumpeter (1976), outsourcing brings “creative destruction.” Evaluate this argument in the context of global economic flows.  Examine the relationships between the process of outsourcing and the “race to the bottom.”  Examine globalization in the sphere of consumption as well as production.  Does the ongoing global economic crisis signal the end of hyper-consumption and hyper-debt?