Reference no: EM132974381

1.Discuss how supranational institutions impact on the global marketplace, their relationship to the phenomenon of globalization and their impact on the national economic environment. Examine the effectiveness of the roles of the world trade organization and the world bank/IMF, institutions that deal with the coordination of the global economic stability and free trade access. using examples of a small open economy, examine the pros and cons associated with their roles and comment on whether small or large economies benefit most from the policies of these institutions.

2.Discuss the different types of regional integration movements and their evolution from one type to another along a continuum of least complex to most complex; outlining the pros and cons of each type and providing examples. explain the role that integration movements have played in securing advantages for their member countries and how they have impacted the process of globalization. Discuss what you consider to be the general outlook for regional integration movements, explaining the recent developments and outlook for one of the following: NAFTA, EU, CARICOM.