Assignment:
Instructions:
The question below has to be answered in an 8 pages essay.
1. Who was David Ricardo? Illustrate and explain his economic theories? Were they accurate? Might they be useful in the present?
2. In what ways did the French Enlightenment era help create the study of modern economics? Illustrate and explain all key figures and their philosophies. Are they influences found still in the modern global economy? If so, in which ways?
3. Who was Jean Baptiste Say? Why is he important in IPE? Explain.
4. Who were Charles Fourier and Count Saint-Simon? What economic philosophies did they create? Are their views prevalent, still?
5. Who was Karl Marx? What was his economic philosophy? How and why has his economic philosophy been so widespread as well as controversial? Explain.
6. What is Import Substitution Industrialisation? What are its's problems? Explain.
7. What is the East Asian Model? Should the West imitate it? What are its's strength and weaknesses?
8. What kind of economic reform is occuring in China? Is it both good and bad for China as well as the global economy?
9. What are the global community's criticisms about the WTO's treatment of developing countries? Are their complaints valid?
10. What are MtItinational Corporations? Explain their evolution by illustrating examples of the first to evolve slowly thousands of years ago as well as the first global businesses to appear in the modern age. How are these kinds of businesses influencing the modern world economy in a positive or negative way? Should MNC's be regulated by the international community. Defend your point.