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2.5 MS-Team Discussion Questions No Answers
2.5 MS-Team Discussion Questions No Answers
2.5 MS-Team Discussion Questions No Answers
1) “The world’s poorest countries cannot find anything to export. There is no resource
that is abundant—certainly not capital or land, and in small poor nations not even labor is
abundant.” Discuss.
2) Most Omani immigrants are represented by Bangladeshi or Indian workers that are
more likely to work in 3D jobs (Difficult, Dangerous, Dirty) than Omani born workers with
positive effect on productivity. Limiting immigration is a shortsighted or a rational policy in
view of the interests of union members? How does the answer depend on the model of
trade?
3) Will free trade and perfect competition lead to an equalization of wage rate
internationally? Explain. Why would the wage rate greatly vary between developed and
developing countries, in the same sector in a real world situation, even after the adoption
of free trade.
REFERENCES
Krugman, P.R. & Obstfeld, M. & Marc J. M, (2018) International Economics:
Theory and Policy, Pearson Education Ltd Eleventh Edition, Global Edition
Beugelsdijk, S.& Brakman, S (2017) Steven International Economics and
Business: Nations and Firms in the Global Economy Cambridge University
Press ISBN: 9781107654167
Hill,C.W.L. & Hult, G.T.M. (2015). Global Business Today, 9th Edition,
McGraw Hill: New York.