Qianlong’s letter to George III essay, homework help

1.  Read the highlighted paragraphs of “Qianlong’s
letter to George III”, that is posted on Canvas, and try to answer the
questions below

– 
Emperor Qianlong believed that a country does not need to
trade with another if it can produce everything with lower cost than its
potential trading partner. Try to
develop your answer about whether or not you agree with Emperor Qianlong’s
decision.

– 
You may want to summarize the historical development of
the political economy from the 16^th to the 21^th century
and try to incorporate the concepts and theories in the each school of political
economy in your evaluation of Qianlong’s idea (such as theory of invisible
hand, comparative advantage, Pareto efficiency, Kaldor-Hicks criteria, etc). It
would be better if you can elaborate your idea on the proper and/or expected
role of government for dealing with the economic problems under different
circumstances.