Theories of International Trade

Theories of International Trade

Use mostly the lecture notes and other credible resources. Single spaced, use the titles to separate the two questions. Free Trade: Choose two assumptions you think most unreal in free trade theories. Discuss how the GVCs ‘global value chains’ today have complemented the conventional free trade theories. TPP, NAFTA and IPE: 1 page, single spaced Discuss the ‘international political economy’ ‘IPE’ shown in the Trump’s withdrawal from the TPP ‘Trans-Pacific Partnership’. Can the US withdraw from the NAFTA as well? Discuss it also in light of the IPE.