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Answer ONE of the following essay questions.
It has been widely argued that globalization has favored the owners of mobile
factors of production, such as capital and skilled labor. Meanwhile, the owners of
less mobile factors of production, such as unskilled labor, have been left worse
off. Hence, ‘Globalization results in increased demands on the state to provide
social insurance, while reducing the ability of the state to perform the role
effectively’ (Rodrik, 1997, p. 53). This policy dilemma can bring about two
possible outcomes: a resurgence of protectionism or a finer balance between
openness and government regulation. Discuss.
Some scholars argue that the purpose of international cooperation is to achieve
Pareto-optimal outcomes, while others are more concerned about relative gains
from cooperation (institutionalists vs. realists). Which approach better explains
international economic cooperation? What is the future of it?
Many argue that the World Trade Organization (WTO) has been undermined due
to the persistent impasse in new rounds of trade negotiations. Instead, preferential
trade agreements (PTAs) have proliferated during the last quarter century. Will
PTAs spell the end of the multilateral trade order as we know it? Discuss.
PLEASE follow the instructions on the attachment
Minimum three sources but can use more if needed
Please use at least one of the following for sources:
– Has Globalization Gone Too Far? by Dani Rodrik
– Commerce and Coalitions: How Trade Affects Domestic Political
Alignments by Ronald Rogowski
– Why Globalization Works by Martin Wolf
Give a title
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