Which approach better explains international economic cooperation?

Answer ONE of the following essay questions. It has been widely argued that globalization has favored the owners of mobile factors of

production, such as capital and skilled labor. Meanwhile, the owners of less mobile factors of production, such as unskilled labor, have been left worse off. Hence, ‘Globalization results in increased demands on the state to provide social insurance, while reducing the ability of the state to

perform the role effectively’ (Rodrik, 1997, p. 53). This policy dilemma can bring about two possible outcomes: a resurgence of protectionism or a finer balance between openness and government regulation. Discuss. Some scholars argue that the purpose of international cooperation is to

achieve Pareto-optimal outcomes, while others are more concerned about relative gains from cooperation (institutionalists vs. realists). Which approach better explains international economic cooperation? What is the future of it? Many argue that the World Trade Organization (WTO) has been undermined due to the persistent impasse in new rounds of trade negotiations. Instead, preferential trade agreements (PTAs) have

proliferated during the last quarter century. Will PTAs spell the end of the multilateral trade order as we know it? Discuss. PLEASE follow the instructions on the attachment Minimum three sources but can use more if needed Please use at least one of the following for sources: – Has

Globalization Gone Too Far? by Dani Rodrik – Commerce and Coalitions: How Trade Affects Domestic Political Alignments by Ronald Rogowski – Why Globalization Works by Martin Wolf Give a title