1. Most environmentalists argue that absent restrictions, free trade will lead to a "race to the bottom". What do they mean? Give an example. Does Esty agree with this assessment? How could the WTO or other trade organization deal with this issue? Should they?
2. Esty argues that " trans-boundary externalities" are a key issue in upcoming trade talks. What are trans-boundary externalities? Give three examples not mentioned in the article. Why do they matter? What institutions do you believe are necessary to deal with trans-boundary externalities?