What is comparative advantage? Why do countries trade what they trade? Discuss by referring to Irwin, chapter 2.
Read Douglas Irwin, Free Trade Under Fire, fifth edition and other required readings and answer the questions that Irwin tries to answer in his book: What’s so good about trade, why do governments restrict trade, and why is trade policy so controversial? What is Irwin’s answers and arguments? Assess his arguments and make your arguments […]