Beynəlxalq İqtisadiyyat Məktəbi” Transmilli korporasiyalar 1. An undervalued currency offers a great advantage to export oriented industries. Discuss. 2. To what extent the comparative advantage model able to explain current patterns of international trade. 3. Which macro-economic model(s) of trade helps explain the occurrence of global value chains? 4. Explain the factor model and its implications for import competing and export oriented industries 5. Explain the sector model its implications for import competing and export oriented industries 6. What is internalization theory? 7. What are the non-pecuniary factors of externalities that cause MNCs to exist 8. Explain old bargaining approach at international level and its drawbacks in application to today’s pattern of international trade. 9. What are the tax incentives and how they can be correlated with the level of democracy and autocracy? 10. Explain the case of FDI involvement and its implications for empowering subnational leaders. (case of Vietnam) 11. What are the two key dimensions for international regimes and explain them 12. What would be the preference of MNCs in terms of international regimes? Please explain both preferences for regime structure and regime authority and support your arguments with examples. 13. Why would a country with democratic regimes will offer less tax incentives in comparison to autocracies? 14. What kind of distributional consequences exist of tax incentives? 15. Explain the formation and evolution of the role of MNCs in global governance in 1970s, 1980s and 1990s 16. Do other non-state actors than MNCs used to have or have an influence on global governance and international policies for trade? 17. What factors could explain the less tax incentives in the countries with better rule of law than those with worse? 18. What are the conventional view on explaining the occurrence of MNCs in the global economy and what kind of criticism you may bring that view? 19. A MNC would always prefer a Market enabling regime rather than a regime with regulatory limitations. Do you agree or disagree? Please explain your choice 20. A MNC would always prefer a regime with location of authority being local but not supranational. Do you agree or disagree? Please explain your choice 21. A country with sufficient level of domestic capital and financial means would offer more tax incentives (lower corporate tax and etc.). Is this statement true or false? Please explain your answer. 22. The major reason for MNCs to emerge is their benefit from economies of scale. Is this true or false. Please explain either of your choice. 23. Explain the lobbying behaviour of MNC according to sector model of mobility of factors of production. 24. What are the implications of FDI involvement by MNCs on balance of power in Vietnamese case? 25. Please explain the factors that lead to emergence of MNCs in the world economy. 26. Please explain the Grossman-Helpman model of optimal choice of trade policy 27. What is the core assumptions of Domino theory of trade and how it should work in practice? (Please give examples) 28. Which one outweigh the other in making decision for lobbying trade policy in case of domino theory: Lobbying for potential gains or for existing loss? 29. What is a Preferential Trade Agreement and how convincing are the economic explanation for the formation of them? (Please first explain the economic reasons and then criticise them). 30. Please define the regionalism both in traditional and contemporary interpretation and explain the types of PTAs? 31. Bearing in mind the increasing trend of PTA formation, please explain the effect of PTAs in terms of Trade Creation and Trade Diversion. 32. Please explain the formation of PTAs and its causes based on the case of NAFTA. 33. In which cases there will be a support for the trade creating PTA and in which for trade diverting agreement? 34. What is New wave of regionalism and in what sense it is different from the traditional type of regionalism. (Explain first and second wave of regionalism) 35. What is Global Value Chain and in what sense it is related to formation of PTAs and Vertical FDI? (You have to take into account mainly the preferences of MNCs) 36. What are the impacts of PTA formation on the level of multilateral trade? 37. Explain the benefits of Economic Monetary Union for increased trade volume. Please give an example. 38. Why would a politician sign a Trade diverting PTA? Explain based on Krishna Model. 39. Which arguments you may bring in support of PTAs are being building block for improvement of international trade at multilateral level? 40. After signing a PTA providing domestic firms with protection is not a rational decision. Why? Explain based on Leakage effect by Ornelas. 41. Please explain the comparative advantage being Convergent or divergent with rest of the world and implications of both cases for trade formation. 42. Why would developing countries pursue trade agreements with much more powerful partners in highly asymmetrical negotiations? Please give also an example of specific country case. 43. What are the major finding of D.J. Kono in his study of PTAs effect on international trade and what are the major points made by him. Do you agree or disagree with his findings? 44. Through which mechanisms should trade impact growth? 45. What is the Import Substitution Industrialisation? When it was implemented and the reason behind of implementation of this kind of policy? 46. Please explain the Export Oriented Industrialization and its implications on trade and development of the country. 47. What are the stages of Import substitution industrialization and their benefits and problems associated with them? 48. Please explain the EOI based on the example of East Asian model. What are the specific characteristics and thy East Asian model became successful? 49. It is sometimes hard to attribute the whole economic growth to the successful trade liberalization? Why what other factors may affect that? 50. Which are the 2 major mechanism that international isntutions may help the country to attract more FDI? Please explain both of them. 51. Explain Kuznets curve and state your opinion whether you agree or not? 52. Explain the reasons behind of undervalued currency strategy of a country and state your opinion how it coul affect the economy of the country in the long run. 53. Assume that you are in charge of deciding on trade policy of your country. Considering that your a democratic leader and there is a high pressure on your by import competing industries, which one you would do grant protectionsim or libearalize the trade explain your choice. 54. Does multilateral trade affected by formation of PTAs across the world? 55. Which effect proves the assumption that granting protectionism after PTA formation is not effective? 56. Explain the link between the tax incentives and regime type. 57. Explain the preferential tarade agreements and the thoeries that explain their emergence. 58. Please explain the possible impact of trade on environment. 59. What are the effect of GDP growth on environmental conditions, which curve you can bring as an example to explain it? 60. Please explain the causes of MNCs emergnece. 61. Please explain the comparative advantage model and what features of international trade you can explain based on comparative advatange. 62. How FDI can be effective in empowering subnational leaders? Which case you can bring as an example? 63. East Asian Model of eocnomic development after Asian financial crisis is considered as sucesfull example. Why ? Please explain in a comparative way with other non-sucessfull examples. 64. From your understading of the materials covered in this course, what would be your sugesstion to your country to reduce the impact of potential economic crisis, following devaluation of its currency. 65. What are the roles of domestic financial markets and domestic level of humat capital for the FDI to be successfull in receiving countr? 66. Do regional trade agreements (PTAs) have positive or negative impact on Multilateral trade agreements. 67. What is global value chain and how it can be explained based on macro-economic models? 68. Pleas explain the features of international regimes and how they can be positively utilized by MNCs? 69. Can exchange rate be used as positive device? Please explain how? 70. Which mechanism do develop countries use in order to stimulate developing countries for better environmental regulations? 71. Please explain the stages of Import substitution and its pros and cons. 72. Explain old bargaining approach at international level and its drawbacks in application to today’s pattern of international trade. 73. After signing a PTA providing domestic firms with protection is not a rational decision. Why? Explain based on Leakage effect by Ornelas. 74. What is the core assumptions of Domino theory of trade and how it should work in practice? (Please give examples) 75. Is trade good or bad for the environment ?