MNG4804 ASSIGNMENT 2 SEMESTER 2 2026 Required: In your essay, and with relevant examples, identify and critically analyse a case of a developing country of your choice with absolute advantage and the challenges of a trade arrangement with a developed

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Table of Contents

Question 1: Adam Smith’s Theory of Absolute Advantage: Ghana’s Cocoa Trade with
Developed Countries .................................................................................................. 4

Question 2: The Effects of the Iran War on International Trade ................................. 9

Question 3: Unequal Power, Mercantilism and the Limits of Free Trade.................. 14

Question 4: Trade Policy Instruments and Consumer Welfare in South Africa ........ 20

Reference List .......................................................................................................... 28




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