Explain how the advocates of strategic trade policy differ

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Reference no: EM133441673

Question 1 : Explain how the advocates of strategic trade policy differ from the classical free traders in their treatment of externalities?

Question 2. Identify the ethical and social responsibilities of business operations of multinational working in a global market. In your discussion, address the specifically the following issues:
a- Argue conceptually when multinational firms can be liable for violating human rights in their foreign business operations.
b- Explain specifically why firms should be held liable when targeting developing countries for low-wage worker by providing real time example. Hint: you may cite the experience of Nike and Reebok in Asia and Nestlé's and Hershey's involvement in the chocolate production and cocoa planation in West Africa.
c- Provide recommendation to future global managers why practicing ethical business practice is vital for business sustainability.

Question 3. Explain the theory of optimum currency areas. What are the pros and cons of creating such currency areas in the current EU members? How has this impacted EU member countries?

Reference no: EM133441673

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