Economics Homework Help

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.
• 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.

Learning Outcomes

1. Describe the different types of tariff and non-tariff trade barriers.
2. Analyze the welfare effects of tariff trade barriers.

Readings

Required: 

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