Are global trade patterns consistent with economic theory?
This is an individual essay. The
word limit is 2000 words. In essence, your assignment
should seek to apply some of the economic theory studied to a particular real-
world case study, policy debate or controversy. Examples of possible titles
include:
• Are global trade patterns consistent with economic theory?
• How might democratic states avoid a ‘protectionist backlash’ against free
trade?
• If there are gains from trade liberalisation, then why do countries so often
choose protectionism?
• What is the proper role of free trade within successful economic policy?
• Is trade liberalisation necessary for economic growth and development?
• Does inward FDI benefit developing countries or are they exploited by
MNEs?
• Does outward FDI deindustrialise or enrich Western nations?