Teaching Real-World Political Economy: Simulating a WTO Negotiation
"If free trade is a no-brainer, why isn't trade free?" Students often express such sentiments at the conclusion of a typical international trade course, during which they have learned that free trade is optimal, but that countries continue to restrict trade substantially. This article describes a simulation of a round of trade liberalization under the auspices of the World Trade Organization (WTO). The simulation differs from others in the literature in that it represents a substantial component of the course, but it is not the course's focal point. Because the simulation has proven beneficial to students, the article attempts to provide a blueprint that will enable other professors to implement the project with minimal start-up costs. © 2012 Copyright Taylor and Francis Group, LLC.
Journal of Teaching in International Business
Digital Object Identifier (DOI)
Steagall, Jares, T. E., & Gallo, A. (2012). Teaching Real-World Political Economy: Simulating a WTO Negotiation. Journal of Teaching in International Business, 23(1), 46–58. https://doi.org/10.1080/08975930.2012.687999