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pls choose 2 questions answer Part B (20%): Answer TWO questions QUESTION 4 There had been significant transformation in terms of the industrialization strategies pursued

pls choose 2 questions answer

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Part B (20%): Answer TWO questions QUESTION 4 There had been significant transformation in terms of the industrialization strategies pursued by developing countries. In your opinion, what would be the best strategy that should be adopted by developing countries to accelerate their economic growth? Explain your answer. (10 marks) QUESTION 5 Give your opinion regarding this statement: "The push toward creating more regional trade agreements necessarily harms the multilateral liberalization process that is at the heart of the WTO". (10 marks) QUESTION 6 Despite the benefits of international trade, many nations restrict the free flow of goods and services through a variety of trade barriers. Do you support or against the imposition of trade barriers? Explain your answer by giving suitable examples. (10 marks) QUESTION 7 The gravity model of international trade has achieved its name because it resembles Isaac Newton's formula for calculating the force of gravity between two objects. According to the gravity model, the trade flow between two countries can be statistically predicted from the size of their economies and the geographical distance between the countries. Do you agree that the volume of trade between two countries increases with the economic sizes of the importer and exporter and also the distance between them? Explain your answer. (10 marks)

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