Select a developed country that has implemented a tariff, and a developing country that manufactures products that are impacted by that same tariff. The current US and China tariff “war” cannot be used since these are the two largest economies in the world. Investigate the impact of the trade barrier on the developing country’s business sector and quantify the impact, if possible. Would you recommend that the developed country eliminate the tariff? Explain your reasoning.
- 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.
Ref: (Use some of them) at least 1 scholar ref needed.
Chapter 4 in International Economics
Hoekman, B., & Shepherd, B. (2021). Services trade policies and economic integration: new evidence for developing countries. World Trade Review, 20(1), 115-134. Retrieved from https://www.cambridge.org/core/journals/world-trade-review/article/services-trade-policies-and-economic-integration-new-evidence-for-developing-countries/04BA024C0F1516A44099FC2856CE4602
Chapter 4 PowerPoint slides
Chapter 4 PowerPoint slides – Alternative Formats – International Economics
Sugiharti, L., Purwono, R., & Padilla, M. (2020). Analysis of determinants of Indonesian agricultural exports. Entrepreneurship and Sustainability Issues, 7(4), 2676-2695. Retrieved from https://jssidoi.org/jesi/issue/28
Buchel, K., Legge, S., Pochon, V., & Wegmuller, P. (2020). Swiss trade during COVID-19 pandemic: an early appraisal. Swiss Journal of Economics and Statistics, 156(1). Retrieved from https://sjes.springeropen.com/articles/10.1186/s41937-020-00069-3
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