Q.1: What are the arguments against free trade? Explain each one in complete detail. For infant industry argument bring in real world examples about its application. Do the same thing for export promotion and import substitution. Be thorough and explain correctly.

Q.2: What are the complaints of developing countries about the a) higher production of labor intensive goods and b) deterioration of TOT? Explain each one with the real world examples.

Q.3: Explain in detail complaints of developing countries about their "export instability" arising due the the business fluctuations in developed world. What are the suggested solutions for it? Explain clearly and in detail. What is the complaint about the non-availability of financial resources? Explain clearly.