Explain Porter’s “Diamond” model of national competitive advantage.

1. Compare and contrast theories of absolute and comparative advatages.

2. Explain Porter’s “Diamond” model of national competitive advantage.

3. Briefly describe some of the main instruments of trade policy that countries use to interfere with free trade.

4. What are some underlying factors that are causing decoupling to happen as societies move from a uni-polar to a multi-polar world? In your opinion, in which direction is the balance of global-economic power shifting?

5. What are some of the major economic reform themes that are common to the three international organizations promoting globalization?

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