Instructions From Professor:
The exam is in two parts; Write an essay in response based on the course materials: cases, lectures, media and readings.
Your final answers do not have to be a specific length, but be sure that you
answer thoroughly all aspects of the questions asked.
Explain the economic rationale for international free trade. Why would a country
choose to depart from free trade and protect its domestic market from foreign
competition? How has freer trade been institutionalized after World War II?
What are the major issues in international trade today?
Revisit the Baruch plan case. In what way does the literature on dilemmas of
cooperation such as the “prisoner’s dilemma” discussed in your readings explain the
situation faced by the United States and Soviet Union at the time of the Baruch Plan
negotiations? How would the theory of political realism explain the failure of the two
sides to come to an agreement eliminating nuclear weapon.
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