A. According to official estimates, world income will increase by over $500 billion following implementation of the Uruguay Round. What, in your view, are the main sources of these gains? Why have so...

A. According to official estimates, world income will increase by over $500 billion following implementation of the Uruguay Round. What, in your view, are the main sources of these gains? Why have so many countries, both developed and developing, participated in this major movement towards global free trade?

B. What is comparative advantage and what determines it? Can a comparative advantage

be developed through judicious use of economic policies?