80% of the world trade is dominated by the developed countries. In this context, poor nations...

80% of the world trade is dominated by the developed countries. In this context, poor nations / less developing countries should be allowed to protect their industries from foreign competition / imports.

List 02 x indicators might be used to determine that a nation is poor? (02 x Marks)

Describe 02 x methods that might be used to protect industries from foreign competition in International Trade. (04 x Marks)

In the light of Comparative Advantage, discuss whether it is better for a country specifically for poor nations to engage in free trade or to use some form of protection from foreign competition.

Expert Solution

Rahul Sunny answered 7 months ago

why do less-developed countries not gain as much from trade as industrialized nations?

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect...

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair”? Do you think that this argument is in the best interests of: (a) the local companies, (b) the workers (c) the consumers

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect...

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair”? Do you think that this argument is in the best interests of: (a) the local companies, (b) the workers (c) the consumers please answer with harvard referencing without plagiarism. thank you very much.

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect...

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair?” Do you think that this argument is in the best interests of (a) the unions, (b) the people they represent, and/or (c) the country as a whole?

Why do less-developed countries not gain as much from trade as industrialized nations? Cite your sources.

d)- Poor countries in Africa do not benefit from trade with more advanced nations because they do not have the technological capabilities of large multinational corporation

Answer each question with True orFalseDraw a supply and demand diagram to explain your answer:d)- Poor countries in Africa do not benefit from trade with more advanced nations because they do not have the technological capabilities of large multinational corporationg)- Reducing payroll tax benefits workers and employers equally.

"Unrestricted free trade between nations will raise the economic welfare of countries that participate in a...

"Unrestricted free trade between nations will raise the economic welfare of countries that participate in a free trade system". Do you agree with this statement? Porter argues that government can play a proactive role in promoting national competitive advantage in certain industries. Do you support Porter's argument? (300words)

If the nations of the world were to suddenly cut off all trade with one another,...

If the nations of the world were to suddenly cut off all trade with one another, what products might you no longer be able to obtain in United States? How would this affect businesses and the economy? Choose United States and identify the products it would need to do without.

If the nations of the world were suddenly to cut off all trade with one another,...

If the nations of the world were suddenly to cut off all trade with one another, what products might you no longer be able to obtain in your country? How would this affect the businesses and the economy? Choose one other country and identify the products it would need to do without

By pushing the trade of their cultural goods and values, the bigger, developed countries are harming...

By pushing the trade of their cultural goods and values, the bigger, developed countries are harming less developed and smaller countries by marginalizing their own cultural production agree or disagree?

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80% of the world trade is dominated by the developed countries. In this context, poor nations...

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why do less-developed countries not gain as much from trade as industrialized nations?

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect...

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect...

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect...

Why do less-developed countries not gain as much from trade as industrialized nations? Cite your sources.

d)- Poor countries in Africa do not benefit from trade with more advanced nations because they do not have the technological capabilities of large multinational corporation

"Unrestricted free trade between nations will raise the economic welfare of countries that participate in a...

If the nations of the world were to suddenly cut off all trade with one another,...

If the nations of the world were suddenly to cut off all trade with one another,...

By pushing the trade of their cultural goods and values, the bigger, developed countries are harming...