Short Questions
Basic Requirements:
• Your discussion must be supported by relevant research sources (peer review material – a minimum of 2 references, please) that help you to support your personal insights. Please use theoretical insights were applicable.
• Word Count: maximum 400 words per reflection (meaning that each one of the questions is limited to 400 words, please).
1. Examining the link between trade and development, comment on whether “the rising tide raise all boats.”
2. Is trade theory over-reliant on the neo-classical paradigm? Explain.
3. Explain how scientific method is used in economics and how it differs from the physical sciences.
Critical Discussion 01
Basic Requirements:
• Develop an assessment of the selected research paper (see details below) with the aim of presenting a critical reflection on the role played by orthodox and heterodox views on the impact of trade and economic integration. You should support your answers with peer reviewed material – a minimum of 3 peer reviewed sources please). You should answer based on this reading and the set material for this CAT.
• Word Count: maximum 750 words, excluding list of references.
Research Paper: ‘The overselling of globalization’ (2017) by Stiglitz, J. E. in Business Economics, 52(3), pp. 129-137.
Questions to be addressed: Why are assumptions important in economics models? How has orthodox economic thinking led to the failures of globalization? What contributions could a more holistic approach make in your view?
Link to working paper version of the research paper:
http://policydialogue.org/files/publications/papers/The-Overselling-of-Globalization_Stiglitz-1.pdf
