Discussion:
Write a 4-6 page (12-point font, double-spaced) essay evaluating the role of governments in assuring that developing countries obtain a fair and adequate share of the benefits of international trade. In so doing, critically assess claims that "the answer" lies in untrammeled market activity versus government intervention. Drawing on Carbaugh's discussions in Chapters 6 and 7 concerning industrial policies, strategic trade policy, and the trade problems of developing nations, import substitution, and export-led growth.
References:
Carbaugh, R. J. (2013). International Economics (14th ed.). Mason, OH: South-Western Cengage Learning.