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major opportunities and challenges currently facing intra-African trade. Evaluate some of the solutions proposed in the texts and literature |
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Solved in 3 steps
- Explain the impact of intra and inter-industry trade on a country;Inter-industry trade is based on comparative advantage while Intra-industry trade in differentiated products arises from realizing economies of scale. Which type of trade is easier in resources, especially in labour, adjustment and why?Discuss the challenges of international trade in the 21st Century
- Explain, with an aid of examples, what is meant by the following terms: • Terms of trade • Non-Traded goods and services • Intra-industry tradeTo focus on producing one thing to improve productivity is known as: a) International trade b) Supply and Demand c) Absolute Advantage d) SpecializationReasons for international trade include all except: a. Differences in technology b. No difference in capital stock c. Difference in demand d. Increasing returns to scale
- What is the rationale for international trade? Provide a critical assessment of traditional and modern theories of international trade in promoting international trade. Why would a country promote protectionism?Examine the role of increasing returns or economies of scale in supporting multinational enterprises to engage in international tradeCompare strategic trade policy with infant industry argument( in terms of their goals and policy instruments, advantages and disadvantages etc..) and explain the main differences.
