In recent years, talk has risen and ebbed about creating a FTAA (Free Trade Area of the Americas), encompassing countries in North, Central and South America. Based on the successes and failures of NAFTA evaluate whether the United States should participate in such an FTAA.
One key development in the last two years has been the addition of countries like India to TRIPs. Nevertheless, developed nations have always been at odds with developing countries over IP protection. Why do these developed and developing countries interests differ so mu...
Consider the following two country-two goods world, with a single input, labor: Daily production per worker Commodity Portugal England Wine (barrels) 2 OR 1 Cloth (bolts) 4 OR 3 a) Does either country have absolute and/or comparative advantage in any product? Provide support f...