Question 6

Fletcher (2010) claims that “the real key to growth is proactively anti-Ricardian, namely getting away from their immediate comparative advantage…and transitioning toward advantage based on created factors of production” (p.201). What are, according to Fletcher, the characteristics of good industries and the features of good policies?

Question 7 (from Assignment 2): “The Case for Free Trade: Old Theories, New Evidence” – by Douglas A. Irwin

Providing reference to trade theory, explain the arguments used by Irwin to support free trade, and discuss the effects of government intervention in his analysis.

Question 8 (from Assignment 2): “My Six-Year Old Son Should Get a Job – Is Free Trade Always the Answer” – by Ha-Joon Chang

Chang claims that “free trade is not the best path to economic development” (p.83). Explain the reasons he provides to support this claim. Complete your answer by discussing what role the government should play, in his perspective, to promote development.

Question 9

Discuss (1) how the process of globalization has affected the characteristics of labor markets in the global economy and, more specifically, (2) how the process of globalization has affected the characteristics of the labor market in China and (3) present the international debate on labor standards.

Question 10

Based on Foster and Septh’s arguments, evaluate the interplay between capitalism and the global environmental crisis.

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Status NEW Posted 31 Jul 2017 12:07 PM My Price 5.00

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