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11. 12. 13. . Explain at least 3 arguments that are used tojustify protectionism. . Explain the difference between specific and ad yalorem tariffs. . Besides tariffs, what other instruments a country has to protect from external trade? Discuss the role of the GATT and the WTO in promoting and regulating global trade. Based on our class discussions and articles, critically discuss the future of multilateralism and globalization today. . Based on our class discussions and articles, critically discuss the concept of free trade and economic development today. . How can two or more countries integrate economically? . What were the "rules of the game" of the gold standard? . Discuss the end of the Gold Standard, and how the disorder of the international monetary and financial system in the interwar period contributed to the Bretton Woods Agreement in 1944. . Explain the "Triffin Dilemma" and why the Bretton Woods period ended. What are the main characteristics of 'neoliberalism' and how did neoliberal ideas contribute to globalization? What is 'the impossible trinity' in International Economics? Discuss the financial globalization, focusing on the main features of 'financialization' and how macroeconomics came to be determined by financial variables