a) Explain the activities of multinational corporations (MNC) by applying the classical trade theory
b) Analyze the welfare effects of trans-border flows of labor (migration)
Begin your research into regional trade agreements versus global trade liberalization by locating professional and academic journals and select current research articles published within the last five years on the topic.
Then develop a two-page paper summarizing and contrasting the main arguments on both sides of the issue.
The policy choices between forming FTA or free-trade without RTAs has created debates among economists and politicians concerning
which is a better strategy for various countries and for the global economy as a whole, and whether the two approaches are complimentary or contradictory.