Economics Homework Help
ECON 450 Trade to Gdp Ratio Free Trade Agreements Paper
- What does the trade to gdp ratio measure (in words and math)? Does a low value indicate that a country is closed to trade with the outside world?
- Also, lookup some data on countries’ trade-to-gdp ratios — what patterns do you notice? What seeming exceptions do you notice (anything surprising)? Be sure to accurately cite your source for the data you review.
- What is an institution? Give examples of (and explain the differences between) formal and informal institutions. Compare (how are they similar) and contrast (how are they different) them to organizations?
- What are the arguments in favor of international organizations (e.g. WTO, IMF, World Bank)? What are the arguments/complaints against them (explain the categories)? Which do you think are stronger?
- Give the arguments for and against free trade agreements. How might the signing of a free-trade agreement between the US, Central American countries, and the Dominican Republic have harmed Bangladesh?
- Why are institutions and organizations important for globalization and trade?
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