Answer each of the following questions with 200 to 500 words (about 2 to 3 paragraphs) long.
1. What are the major tenets of mercantilism? In your opinion, what are the problems of mercantilists’ doctrine?
2. Why were the IMF, World Bank, and GATT created after WWII? What were their original functions, respectively? How did their functions evolve after WWII?
3. How do theorists differ in their views regarding the current status of U.S. hegemony? In your opinion, which state is likely to replace the U.S. as the global hegemon?
4. What is the main argument of hegemonic stability theory? What are the strategies and motives of hegemonic states?
5. The use of strategic trade policy has been quite controversial. In your opinion, should states in today’s world adopt strategic trade policy? Discuss its positive and negative consequences.
6. What are the competing theoretical views regarding the causes of the 1980s foreign debt crisis? Which one (ones) do you think offers more explanatory power?
The best source to reference is the textbook. Double-check your answers with the PowerPoint. The link to the PDF Version of the Textbook is:
https://1lib.us/book/5007529/b60b6b
Your answer to EACH question should be at least 200 words (about 15 lines) long
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