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a) Describe two factors of the factors that Freeman identifies in his piece on “People Flows” as important factors in determining the number of workers migrating.
b) Official statistical data indicate that the US is, on net, a large debtor to the rest of the world. However, net returns on international investment (that is net factor payments associated with capital) are positive for the US. How is this possible?
c) Briefly describe three of the main accomplishments of the Uruguay Round of GATT/WTO negotiations. (Recall that the Uruguay Round, begun in 1993 is the latest completed round of negotiations.)
d) In the Eurozone Crisis chapter (Baldwin and Giavazzi) what do the authors argue were the two main imbalances leading up the Eurozone crisis?
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