International studies Essay

1. Business and Economics WEEK 4 Theories of International Trade and Investment2. Mercantilism is a bankrupt theory that has no place in the modern world. Discuss.3. Mercantilism a landed estate should maintain a trade surplus, even if that means that imports atomic number 18 limited by government intervention. Bankrupt theory because Inconsistent with the general notion of globalization. Eventually, a country will find it difficult to export if it imposes oppressive quotas and tariffs on its imports. Consumers in the mercantilist country suffer. Denied access to both cheaper or more sophisticated goods from other countries.4. Is free trade fair? Discuss.5. Trade theory suggests that distinction and free trade benefits all countries. However, a case can be made in many situations for imposing trade barriers. E.g. Infant industry argument National security6.What are the potential cost of adopting a free trade regime? Do you think governments should do anything to reduce the se costs? What?7. business organisation loss Government should provide retraining programs OR Do nothing, it will all come aside in the wash8. THE RISE OF BANGLADESHS TEXTILE TRADE (PG. 206) CLOSING CASE9. Why was the sky to a free trade regime in the textile industry good for Bangladesh?10. Until 2005, Bangladeshs opportunities in the developed nations were governed by a quota system. Introduction of free trade policies enabled Bangladesh to increase its exports. Competitive advantage in the production of textiles. low cost, productive labour force. strong network of supporting industries. Also, attracted Western importers waiting to veer their supplier base.11. Who benefits when retailers in the United States source textiles from low wage countries such as Bangladesh? Who might doze off? Do the gains outweigh the losses?12. BANGLADESH low cost, lower price competitive advantage US higher(prenominal) price fewer garments purchased locally Possible job loss13. What internat ional trade theory, or theories, scoop explain the rise of Bangladesh as a textile exporting powerhouse?14. Exporting powerhouse relatively low wages. Investments in boosting productivity levels. Network of supporting industries. Theory of comparative advantage Porters theory of competitive advantage15. How secure is Bangladeshs textile industry from foreign competition? Whatfactors could in conclusion lead to a decline?16. Bangladesh is attractive due to low cost garments the opportunity for importers to diversify their come forth base (Importers do not want to solely rely on China and see Importers do not want to solely rely on China and see Bangladesh as an attractive alternative to hedge risks. However, their infrastructure could prove to be problematic for its exporters. If importers find that infrastructure problems disrupt their supplies, they could begin to look for new source countries. Bangladesh should make the necessary investments to avoid any disruptions in the industry.17. THE REGULATORY FRAMEWORK adjoining WEEK