Exam 12: Controversies in Trade Policy

When Japan's MITI (Ministry of International Trade and Industry) focused resources on the semiconductor industry, this was seen as a typically successful Japanese foray into a new dynamic strategic sector. The results, as viewed by the late 1990s

-Refer to the above table. Suppose both governments offer their respective company a subsidy of $4(million).

The Shipbreakers of Alang arouse the ire of Greenpeace because of

Free trade and globalization is generally argued

Labor standards in trade are typically opposed by most developing countries who believe that they will be used

When the WTO met in Seattle to initiate a further move towards free international trade, thousands of activists met

Most developing countries oppose including labor standards in trade agreements because

It is still the conventional wisdom in the U.S. that compliance with NAFTA requirements is having a deleterious effect on U.S. highway safety standards, on U.S. pollution and other environmental standards, and on U.S. jobs. What facts would proponents of an expansion of NAFTA (e.g., to include all of Central and South American countries) need to marshall in order to convince you?

When one applies the Heckscher-Ohlin model of trade to the issue of trade-related income redistributions, one must conclude that North South trade, such as U.S.-Mexico trade,

Low wages and poor working conditions in many U.S. trade partners

-Refer to the above table. Suppose both governments offer their respective company a $10 million subsidy.

In effect, the U.S. does subsidize high-tech firms by subsidizing R&D. This is done through

The evidence usually cited to prove that globalization hurts workers in developing countries

The best economic case one can make for an active industrial policy involves

If firms in an industry are generating knowledge that other firms can use without paying for it, this industry is characterized by

Criticisms of the Brander-Spencer model include all except which of the following?

The Shipbreakers of Alang are

In the second half of the 1990s a rapidly growing movement focused on the harm caused by international trade to

It has been claimed that the Chinese burst of modernization which has been propelling its manufactured exports throughout the world at an unprecedented rate, is made possible by the use of slave (penal) labor. If this is true should China have been accepted as a full fledged member of the WTO? Why (or why not)?

Describe the environmental Kuznets curve.