Soal Soal Pertemuan 7
1. The effects of international trade on a country’s development are often related to
four basic economic concepts: efficiency, growth, equity, and stability. Briefly
explain what is meant by each of these concepts as they relate to the theory of
international trade.
2.
Explain some of the reasons why most non oil-producing countries of the Third
World seem to have benefited relatively less than the developed nations over the
past 30 years from their participation in international trade.
3. Traditional free-trade theories are based on six crucial assumptions, which may or
may not be valid Third World nations (or for developed nations for that matter).
What are these crucial assumptions, and how might they be violated in the real
world of international trade?