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Why did economic reform in Russia and most other transition economies lead to large declines in their GDP?
What were the factors that led to economic reform in India, and what were the main elements of the reforms?
Describe the process of Chinese reforms from their beginning in 1978 up until China's accession to the WTO.
What was the content of Latin American trade reforms of the late 1980s and 1990s? How do the actions taken relate to the desired goals?
What were the proximate causes of the debt crisis? How did the United States and other industrial countries respond?
Explain how economic populist policies usually lead to overvalued exchange rates and large trade deficits.
Describe a typical cycle of economic populism. Why does it often leave its supporters worse off than before the cycle began?
What were the main characteristics of economic growth in Latin America from the end of World War II until the debt crisis of the 1980s?
How does the European Union compare and contrast to the NAFTA region in size, institutional structure, and depth of integration?
What are the alternatives to trade measures for raising labor and environmental standards? What are the strengths and weaknesses of each one?
What is the current account balance? Does the financial account equal the current account? What is the statistical discrepancy?
Determine the subcategory of the current account or financial account that each transaction would be classified in, and state whether it would enter as credit.
For example, when the United States tried to protect endangered sea turtles, the WTO prevented it. Assess this claim.
What are the arguments in favor of using trade barriers to enforce labor and environmental standards? Assess each argument.
Discuss the reasons why using trade barriers to enforce labor or environmental standards may be less efficient than other measures.
What are labor standards, and why are arguments about labor standards confined primarily to arguments between high-income countries on the one hand?
Why do standards vary across countries? Illustrate your answer with examples in the area of labor standards.
When high-definition television (HDTV) was first considered a possibility in the US? Why would the government see an advantage to setting one standard?
What are the three ways for countries to handle different standards abroad? Do standards have to be the same for countries to be integrated?
What are the four legal procedures that American firms have at their disposal for seeking protection?
What four main groups of arguments do nations use to justify protection for particular industries? Which are economic, and which are noneconomic?
Given that quotas cost consumers and that they are grossly inefficient means for creating or preserving jobs, why do citizens allow these policies to exist?
What new areas of trade and investment received coverage under the agreement signed after the Uruguay Round of the General Agreement on Tariffs and Trade?
Which industries are more heavily protected in the United States and Japan? Are high-income or low-income nations more affected by American and Japanese trade?
If, in addition to the 20 percent tariff on the final good, a 20 percent tariff. What is the effective rate of protection for U.S. bike manufacturers?