What is the basic economic (and social) argument for trade liberalization?
trade liberalization generates both scale and structural effects. Identify some structural impacts?
What benefits does the multilateral trade system bring (particularly to small or medium sized country)?
GATT agreement is based on most-favored nation treatment and like-product non-discrimination, what does this mean?
What are subsidies and technical barriers to trade?
Last trade round that was successfully concluded?
Trade issues that developed and developing countries continue to disagree most about?
Give two examples of major trade disputes brought before the WTO (see slide, Gutner).26. What is the crisis triggered by the Trump administration in the WTO about?