Problem

1. Identify the major fallacies of international trade.

2. What is meant by international competitiveness? How does this concept apply to a firm, an industry, and a nation?

3. What do researchers have to say about the relation between a firm's productivity and exposure to global competition?

4. When is international trade an opportunity for workers? When is it a threat to workers?

5. Identify some of the major challenges confronting the international trading system.

6. What problems does terrorism pose for globalization?