Global Trade Practices
Q2. What theories explain global trade practices? Assess the WTO’s role in mediating ongoing global trade disputes. Why are countries trapped in the Bottom Billion and how might they escape? Consider the role of the UN and other global actors in addressing global poverty and disease
Q2: Contrast mercantilism with economic liberalism. References may be made to the WTO website and/or any news articles in addition to the course lectures and text. Discuss its evolution from GATT. The U.S. of course will be the focus of any response on trade but don’t forget the views and goals of other states.
Besides current disputes, refer to the text and notes for info on the Doha Round and previous WTO-led negotiations. Discuss how trade disagreements (U.S. and China) are often addressed bilaterally. Be sure to define poverty and discuss its measures when reviewing the Bottom Billion and the traps/remedies. Foreign assistance by global actors includes loans, aid, and FDI. Why are some developing countries better off than others?
Consider the path taken by NICs and the Ghana/South Korea comparison among examples.
