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?

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