Mercantilism is a bankrupt theory

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Interanational Business Question:

- Mercantilism is a bankrupt theory that has no place in the modern world. Discuss.

- Is free trade fair? Discuss!

- Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as "unfair" import competition. Is such competition "unfair"? Do you think that this argument is in the best interests of (a) the unions, (b) the people they represent, and/or (c) the country as a whole?

- Drawing upon the new trade theory and Porter's theory of national competitive advantage, outline the case for government policies that would build national competitive advantage in biotechnology. What kinds of policies would you recommend the government adopt? Are these policies at variance with the basic free trade philosophy?

- The world's poorest countries are at a competitive disadvantage in every sector of their economies. they have little to export. they have no capital; their land is of poor quality; they often have too many people given available work opportunities; and they are poorly educated. free trade cannot possibly be in the interests of such nations. Discuss.

Reference no: EM13833357

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