International studies Essay

1. blood and Economics WEEK 4 Theories of International Trade and Investment2. commerce is a bankrupt scheme that has no place in the groundbreaking world. Discuss.3. Mercantilism a country should maintain a mint surplus, tied(p) if that means that imports are limited by government intervention. Bankrupt theory because Inconsistent with the general notion of globalization. Eventu altogethery, a country will beat it difficult to export if it imposes oppressive quotas and tariffs on its imports. Consumers in the mercantilist country suffer. Denied vex to either cheaper or more sophisticated goods from other countries.4. Is kick peck fair? Discuss.5. Trade theory suggests that specialization and free parcel out benefits each(prenominal) countries. However, a case can be made in just about situations for imposing trade barriers. E.g. Infant industry argument National earnest6.What are the potential costs of adopting a free trade governing? Do you think governments sh ould do anything to reduce these costs? What?7. Job detriment Government should provide retraining programs OR Do nothing, it will all come out in the wash8. THE RISE OF BANGLADESHS framework TRADE (PG. 206) CLOSING CASE9. Why was the shift to a free trade regime in the fabric industry good for Bangladesh?10. Until 2005, Bangladeshs opportunities in the developed nations were governed by a quota system. Introduction of free trade policies enabled Bangladesh to increase its exports. Competitive advantage in the production of materials. first gear cost, reproductive labour force. strong network of supporting industries. Also, attracted Western importers looking to qualify their supplier base.11. Who benefits when retailers in the United States source textiles from low wage countries such(prenominal) as Bangladesh? Who might lose? Do the gains outweigh the losses?12. BANGLADESH low cost, lower price competitive advantage US Higher price fewer garments purchased locally Possib le job loss13. What international trade theory, or theories, best explain the rise of Bangladesh as a textile exporting powerhouse?14. Exporting powerhouse Relatively low wages. Investments in boosting productivity levels. Network of supporting industries. Theory of comparative advantage hall porters theory of competitive advantage15. How secure is Bangladeshs textile industry from foreign competition? Whatfactors could ultimately lead to a disdain?16. Bangladesh is attractive due to low cost garments the opportunity for importers to diversify their tote up base (Importers do not want to solely deposit on China and see Importers do not want to solely rely on China and see Bangladesh as an attractive alternative to parry risks. However, their infrastructure could prove to be problematic for its exporters. If importers find that infrastructure problems discontinue their supplies, they could begin to look for new source countries. Bangladesh should make the necessary inv estments to turn away any disruptions in the industry.17. THE REGULATORY FRAMEWORK NEXT WEEK