What is meant by the factor endowment theory, Business Economics

Assignment Help:

Question 1:

a) Explain, with the use of examples, what is meant by the ‘Factor Endowment Theory'.

b) According to you, can the ‘Factor Endowment Theory' be a reasonable explanation of the pattern of world trade nowadays?

Question 2:

a) Identify and explain any 3 types of non-tariff barriers (NTBs).

b) According to you, are tariffs or NTBs more distortionary to trade?

Question 3:

a) Explain the principle of ‘Liberalisation' and ‘Non-discrimination' as laid down by GATT 1947.

b) According to you, are these principles beneficial for developing countries (including least developed countries)?

Question 4:

The Trade Related Aspects of Intellectual Property Rights (TRIPs) agreement has largely influenced global trade since 1995.

a) Explain what intellectual property rights are and why they are applied.

b) Discuss why NGOs have been protesting against the inclusion of TRIPs agreement into World Trade Organisation (WTO) rules.


Related Discussions:- What is meant by the factor endowment theory

Privitization, why do companies privitise? what is the objectives of privit...

why do companies privitise? what is the objectives of privitisation? what are the advantages and disadvantages of privitisation?

What are the import substitution policies, What are the import substitution...

What are the import substitution policies? Import substitution policies are as follows: Need trade restrictions for example, tariffs and quotas to defend infant industr

Investments - policy to overcome the recession, If the Government decreases...

If the Government decreases the interest rates on capital goods such as new plant and equipment and building. Investment also include spending on working capital such as stocks of

Microevironment factors, what microevrionmental factors have affected Sony'...

what microevrionmental factors have affected Sony''s performance since 2000

Privatisation, definition, advantages and disadvantages of privatisation?

definition, advantages and disadvantages of privatisation?

Central bank, Critically evaluate measures used by governments and central ...

Critically evaluate measures used by governments and central banks to manage the economies of their countries. By critical evaluation use convincing arguments for or against measur

Social economic and non economic factor in development, What are the social...

What are the social economic factors and non economic factors in the development process? Development is a process including change into a number of social economic and non eco

Anti-dilution protection, Suppose that EBV makes a $6m Series A investment ...

Suppose that EBV makes a $6m Series A investment in Newco for 1m shares at $6 per share. One year later, Newco has fallen on hard times, and receives a $6m Series B financing from

What are the formal and informal sectors, What are the formal and informal ...

What are the formal and informal sectors? Formal and informal sectors: Economic activities considered as to the government make up the formal sector of the economy. That

Political partiy., two political party called hawks show apoint ppf that th...

two political party called hawks show apoint ppf that the hawks might choose and a point the doves might choose

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd