KEY  QUESTIONS (read the assigned material, and recall other things we've read, and think beyond them, as if you had to write an essay on the following set of questions):
What arrangements regulate the conduct of international economic transactions?  What parties directly and indirectly determine these arrangements?  When a party in a transaction is injured, what recourse is there, under the different arrangements?

Make sure to distinguish the various

Parties:
Companies (or government agencies) involved in international trade or investment
Financial institutions that provide (investors') credit or capital for trade or investment
Sovereign states
Workers (citizens whose major source of livelihood is their labor)
Capitalists (citizens whose major source of livelihood is returns from capital)
Taxpayers
Citizens in general
Consumers
Future citizens (in whose interests we care about environmental sustainability)
Non-governmental organizations:  labor unions, environmental groups, ILO
International (quasi)governmental organizations (WTO, EU, IMF, World Bank)

Types of transactions:
Direct import/export sales (of goods, services, licenses, etc.)
Indirect import purchases (e.g., by consumers)
Foreign direct investment
Foreign portfolio investment

Types of arrangements that regulate international transactions:
State international trade and investment rules
International treaties
Individual (company and consumer) decisions to buy, sell, and invest
Corporate control (in the US, dominated by large shareholders who want to maximize profit;  in other countries, may be dominated by executives, who want to maximize growth and prestige;  in some countries, lenders (banks) and labor unions have some role in corporate control)
Contractual obligations between companies
Bank financing and guaranteeing of trade-related credit
The importance of reputation, trade-names, and trust -- among companies, countries, and with consumers
The determinants of a country's exchange rate (how does that regulate the country's trdae?)
 

• the relative role of citizens, consumers, workers, and capitalists in setting the policies of the state, in different settings
• the relative role of states in setting the policies of international organizations
• the indirect power of the consumer
• the role of financial institutions in "lubricating" the engine of trade (think about something as simple and important as the letter of credit)

To help you think through the institutions that regulate international and domestic economic activities, try to complete the blanks in this linked table of international governance.
From the Bello, Clement et al., and Stiglitz readings, identify an example of

• a national or international institution,
• whose geographic scale of operation does not match
• the geographic scale of its effects.

Also ask yourelf whether

• the scope of entities or agents who are affected by the institution
• matches the scope of agents who govern the institution.