1 . Compare and contrast the different types of debtproblems that were discussed in this chapter interms of (a) the source of the debt, (b) the interestsof major actors in each situation, and (c) how thesituation was resolved, if it was.

2. Why so much fuss over speculation? Why doyou suppose Keynes would be concerned aboutit today? Use Chapter 7 to help answer this

question.

3. Explain the connection between debt that resultsfrom borrowing money and the debt associatedwith a deficit in the balance of payments. Use

examples from the readings.

4. What lessons could Europeans learn from previous crises that could help them resolve their ownfinancial crisis?

5. Explain the role of the IMF in helping to solvebalance-of-payments crises. Do you feel the IMFcould do more? Why? Why not?

6. If you were to write up a brief outline of how tosolve current crises, what measures would youemphasize? Explain.

1. What are intellectual property rights, and why arethey important in today's global markets?

2. What are some of the reasons why developedcountries like the United States try to restrict orcontrol other countries' access to their technologyand intellectual property? Does this behavior contradict economic liberal principles?

3. Describe the nature of the TRIPS provisions.Provide arguments both for and against strongerIPR protections in poor countries.

4. Which countries have been identified as

major sources of pirated or counterfeited products? What do you believe are the best ways fordeveloped countries to deal with violations ofIPRs?

5. What are some of the most important ways that acountry can nurture an innovative and technologically advanced society?