In: Economics
1.) Much of China's economic rise is attributed to its export promotion strategy. Why do economists argue that this strategy has run its course and China needs to readjust its economic policies to continue its economic rise as a nation?
2.) The World Trade Organization (WTO) found in favor of the United States in its complaint against China for dumping light tires into the U.S. market. Explain the rationale for why the WTO came to this finding. Do you agree or disagree with the WTO? Why?