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Global Business Today

Charles W. L. Hill Dr, G. Tomas M. Hult

Chapter 6

International Trade Theory - all with Video Answers

Educators

Chapter Questions

04:09

Problem 1

Mercantilism is a bankrupt theory that has no place in the modern world. Discuss.

Oluwadamilola Ameobi
Oluwadamilola Ameobi
Numerade Educator
05:54

Problem 2

Is free trade fair? Discuss!

Puneet Prajapati
Puneet Prajapati
Numerade Educator
02:21

Problem 3

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as "unfair" import competition. Is such competition "unfair"? Do you think that this argument is in the best interests of $(a)$ the unions, $(b)$ the people they represent, and/or $(c)$ the country as a whole?

Majid Borumand
Majid Borumand
Numerade Educator
04:01

Problem 4

What are the potential costs of adopting a free trade regime? Do you think governments should do anything to reduce these costs? What?

Ansh Varma
Ansh Varma
Numerade Educator

Problem 5

Reread the Country Focus "Is China a Neo-mercantilist Nation?"
a. Do you think China is pursuing an economic policy that can be characterized as neo-mercantilist?
b. What should the United States, and other countries, do about this?

Check back soon!
05:49

Problem 6

Reread the Country Focus on moving U.S. white-collar jobs offshore.
a. Who benefits from the outsourcing of skilled whitecollar jobs to developing nations? Who are the losers?
b. Will developed nations like the United States suffer from the loss of high-skilled and high-paying jobs?
c. Is there a difference between the transference of highpaying white-collar jobs, such as computer programming and accounting, to developing nations, and low-paying blue-collar jobs? If so, what is the difference, and should government do anything to stop the flow of white-collar jobs out of the country to countries such as India?

Puneet Prajapati
Puneet Prajapati
Numerade Educator
00:30

Problem 7

Drawing upon the new trade theory and Porter's theory of national competitive advantage, outline the case for government policies that would build national competitive advantage in biotechnology. What kinds of policies would you recommend that the government adopt? Are these policies at variance with the basic free trade philosophy?

Jennifer Stoner
Jennifer Stoner
Numerade Educator
02:25

Problem 8

The world's poorest countries are at a competitive disadvantage in every sector of their economies. They have little to export. They have no capital; their land is of poor quality; they often have too many people given available work opportunities; and they are poorly educated. Free trade cannot possibly be in the interests of such nations. Discuss.

Kaylee Mcclellan
Kaylee Mcclellan
Numerade Educator