Question
This assignment calls on you to find an article on an international trade policy issue, such as a conflict between two (or more) nations. This
This assignment calls on you to find an article on an international trade policy issue, such as a conflict between two (or more) nations. This article can be recent or historical. Please include the title, publication, date and author of the article, as well as a link to the website or the research database where you found it. You will write a brief summary of the article, including the most pertinent information to a game theory framework, such as... The players - which countries are involved? The stakes - where does the conflict stem from, and how consequential does it seem for each side? What stage is the conflict in, as discussed in the article? What are the options for each side going forward? Does one side in particular seem to be the next to likely to make an action? Has a strategic move already been made by one player and the other side is considering how to respond? Are both sides still considering their initial moves? You will then frame the conflict in terms of a competitive game and include the following components: The sides, the (generic) options available, the payout structure, and the type of game. For each of these items, you will provide your rationale for your framing using available evidence from the article and your own intuition incorporating topics we have discussed in class. Next, based on your framing, you will provide your prediction for how the situation will play itself out. Is the conflict at a high point and will likely defuse itself, or is there a likelihood of continuing escalation? Which side will emerge with more of their preferences met? Finally, what are the implications for businesses from one side of this conflict trying to expand into the other? Does your predicted outcome represent an opportunity you may want to exploit, or a quagmire you should avoid making investments in? The assignment should contain your written portion, including the summary, discussion of your framework, and prediction of outcomes and consequences, and a graphical, 2x2 matrix with the required elements for a normal game framework. These may all be in the same word document. You may use the example 2x2 matrix from the powerpoint slides as your template.
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