Assignment on international trade theory

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Reference no: EM132899612

Please do not copy from another sources and sites like cheg or someone's answer on course hero!!!! I need a new answer not the same answer that was already posted.

Topic 1: International Trade Theory

1. QUESTION: What are the potential costs of adopting a free trade regime? Do you think governments should do something to reduce these costs? Why?

2. QUESTION: Reread the Country Focus "Is China Manipulating Its Currency in Pursuit of a Neo-Mercantilist Policy?"

Do you think China is pursuing an economic policy that can be characterized as neo-mercantilist?

What should the United States, and other countries, do because of this?

3. QUESTION: Drawing on the new trade theory and Porter's theory of national competitive advantage, outline the case for government policies designed to build a national competitive advantage in biotechnology. What kind of policies would you recommend the government adopt? Are these policies at variance with the basic free trade philosophy?

Reference no: EM132899612

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