Question

(a) Select a newspaper/magazine/Internet article published in 2019-2020 that is related to international trade and/or political economy of trade. Summarize the content of the article in your own words. The source of the article should be provided in the reference.
(3 marks; maximum 80 words excluding the references; state the number of words used at the end of your answer)

(b) Discuss the article selected in part (a) using relevant economic concepts and theories from Topic 4 and/or Topic 5 of the lecture. You can provide additional information beyond the textbook and lecture notes to enrich your discission. The sources of such additional information, if any, should be provided in the references.

(17 marks; maximum 300 words excluding the references; state the number of words used at the end of your answer)

Answer 1

(a)Manufacturing development:How transactional market integration shapes opportunities and capacities for development in Europe's three peripheries.

Transactional Integration Regimes (TIR) deal with the gradual removal of various forms of national discrimination restricting the free movements of goods,services,capital and labour across participating countries.Moving beyond trade liberalization,twenty first century TIRs like the European Union (EU) or North American Free Trade Area (NAFTA) extent the room for the free movement of goods and the various factors of production primarily by replay national rules of competition through labour stantards to food safety regulations.TIRs, legitimize this process by the claim that increased market freedoms relying on the growing number of shared rules will produce common goods for participating countries.(80 words).

(b)contributious to the special issues the collection begins with the five articles that focus on the automotive industry.They elaborates how different modes of EU integration shaped domestic development capacities in europes three peripheries.

The key lesson from the case of EUis that extension of market integration requires political institutions that can manage the developmental consequences of liberal markets.Otherwise,we will contribute to see the increasing contestation of liberal ideas in both in the core and above all in the peripheries.(100 words).