Trade and Development

1.     There is much debate about whether free trade promotes development. Present the two sides of this debate. What do you think you need to know more about – in terms of theories or real-world facts – to be able to decide with confidence whether increased world trade, in a specific situation, is a good idea? 2.     We have discussed two specific source of foreign capital – aid and remittances – that might affect economic outcomes for developing countries. Discuss the mechanisms through which each of these two sources support or limit a country’s ability to develop. Which of these two sources do you think might be more favorable to development? For this source (i.e. the one you think is more favorable), suggest at least two specific policy measures to increase its effectiveness in promoting development outcomes.  NOTE- Write 1.5 pages for one question with single space (provide 3 sources for one question)