Chapter 16 Review Questions

Free-Trade, Fair-Trade, and South-South Trade
  1. Define and discuss the concept of “comparative advantage.”
  2. Discuss the emergence and influence of “fair trade networks.”
  3. Explain the argument for “trade not aid.”
  4. David McNally has argued that free trade institutions are “not about free trade.” Explain this argument.
  5. Explain briefly, but comparatively, the two conceptions of free trade and the fair trade.
  6. What are the Southern giants, and how did these giants affect the traditional pattern of international trade?
  7. How has the world trade value changed in the past decades for different countries in general?
  8. Have free trade views remained stable over time?
  9. How do fair traders criticize free traders?
  10. What lessons can be learned from St Vincent and the Grenadines (SVG)?
  11. How has the COVID-19 pandemic impacted ideas of free trade and trade liberalization?
Back to top