1. What are the limits and constraints to establishing global institutions and regulations? What does this imply about the process of globalization?
2. To what extent does the focus by economists on the economic gains from globalization fail to recognize the concerns of noneconomists?
3. What policies would governments need to focus on to make sure that trade liberaliza- tion did not adversely affect poverty?
4. As an alternative to globalization, many critics are advocating a "buy local" campaign. Assess the merits and disadvantages of this policy.
5. Does the world economy need stronger or fewer international ?nancial institutions? Why?