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In this paper, you get the idea of alternative international trading structure and how the distribution of power by the size and level of development influence the international trade. You are required to describe the dialectical terms of openness and benefits for big or small states. And explain how do you understand hegemonic stabilization in political and economical terms. Also state the teachings of history regarding the preference of big states as alternative structures. Furthermore, you are supposed to give your judgment as to how other factors try to change markets according to their benefits and how necessary are power asymmetries among states. What would be your advice to the government related to less developed state and on the issue of international investments.
2. INTERNATIONAL TRADING STRUCTURES. In alternative international structures (large number of small developed states / few large developed states and many less and unequally developed states) how does the distribution of power as defined by the size and level of development of individual states influences international trade.a. In both structures what is the dialectical relationship of openness / costs and benefits for small and big statesb. In this regard how would you describe hegemonic stability in both political and economic termsc. What historical experience teaches about the preferences of big-states as regards the above alternative international structures. d. What is the dialectical relationship as regards state power, international trade and the existence of a leading hegemonic state.6. POLITICAL ECONOMY, INTERNATIONAL POLITICAL ECONOMY, ACTORS, ROLES. At state level or at the international level we have Interaction of markets, factor of production and power. a. What is your overall judgement as to how states and other actors try to manipulate markets to their advantage and how important are power asymmetries among states? b. Reading alternative theoretical views and observing actual state and international politics, what is your view: is economic activity neutral and innocent or is it the nucleus of the distribution of benefits and power. How this functions and what would you advise the government and the society especially of a less developed states. c. Similarly what would you advise states as regards their decisions on issues such as investments, terms of foreign investments, positions taken in bilateral and multilateral negotiations and relations with stronger states.
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