Assignment Task: Please answer each question in details.
1) Identify the international organizations created at the Bretton Woods conference and describe their primary responsibilities. What are some criticisms of each institution?
2) What are three main tools of trade policy? How, when, and why should governments use them? Your response should include winners and losers for each policy.
3) Some suggest that we have entered into a new era of global protectionism. Develop an argument about why this can be a good thing. What are some mechanisms being used today to support protectionism? Who wins and who loses?
4) Why do governments intervene in trade? What are some pros and cons, winners and losers, for government intervention in trade? Use specific examples in your response.
5) List and describe the four primary factors identified in Porter's theory of national competitiveness (Porter's Diamond). Also, identify the two influencing factors that were also included in this theory.
6) What is political risk? How can it impact a global business? What political risks should a business look into before expanding to a new country?
7) What are three sources of legitimacy for a state? Provide examples of each. In your opinion, which one is the most credible? Provide the rationale behind your answer.
8) How do we define nation states? What are some sources of authority in some nation states? What is rule of law?