Consider the effect of trade liberalization on agricultural markets. Using your weekly readings and additional research, discuss the challenges experienced by the Saudi Arabia agriculture industry. What financial support does the KSA government provide for its agricultural sectors? How could the KSA improve its agricultural sectors policies? What types of results would you expect for these improvements? Any foreseen consequences?
Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly peer reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.
Use Saudi Electronic University academic writing standards and APA style guidelines.
- You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.
For Your SuccessThis module explores the tariff history of the United States. As you progress through the module, pay attention to the Smoot-Hawley Act of 1930 and the Reciprocal Trade Agreement Act of 1934 which were crucial in the process of trade liberalization. Trade liberalization was further enhanced with the establishment of the General Agreement on Tariffs and Trade in 1947 and the World Trade Organization in 1995.Be sure to participate in this week’s Discussion Board. Additionally, you will need to complete the Quiz on material from Modules 5 and 6, which is a graded exercise for this Module, by the end of the week.
- Learning Outcomes
- Examine the history and purposes of trade regulation and policy.
- Describe the origins and workings of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO).
Evaluate the activities of the WTO.
- Critically evaluate justifications for various trade regulatory and policy options.
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