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ECONOMICS-2015: Daily Answer Writing Challenge – 12

ECONOMICS-2015: Daily Answer Writing Challenge – 12


1) Distinguish between single and double factor terms of trade. Explain how far terms of trade of a developing economy would change with technological advancement and economic growth.

2) “Apart from bringing capital into a country, MNCs provide many other advantages that cannot be obtained by borrowing from international capital markets.” Discuss.

3) Explain the Trade Related Investment Measures (TRIMs) of World Trade Organization(WTO). What are the major debates relating to it?

4) Summarize the main arguments of the trade optimists and trade pessimists with regard to trade policy for developing countries. Which argument does the data tend to support?