INTERNATIONAL TRADE AND COMPETITION

choose from ONE of the four topics/questions provided below: 1. The recovery from the Global Financial Crisis (GFC) has been slow. Discuss the reasons for a slow recovery. Suggest policies to address this issue using data and examples from one or more countries of your choice. Use some relevant trade theories as part of your answer. 2. It is often said that developing countries have little to gain from economic integration projects among themselves because they trade very little with each other. What is the reasoning behind this view? Do you agree with the conclusion? Explain. 3. If you were an import-competing producer in a growing market, which trade instrument would you prefer to use – a tariff, an import quota, or a subsidy? Why? 4. What are the implications for International Trade if the Trump administration continue with its strategies of a possible return to protectionism in the US?