Part -1:
Write a paper analyzing the prompt below in 250-500 words, using at least 1 scholarly article from the Online Library database and the textbook to support your explanation. Your paper should follow APA documentation and citation format. Submit your assignment in MS Word format to the instructor by clicking on the assignment title. (SLO 1, 2, 3) Within the context of Chapters 4-6, analyze the meaning of the phrase: "Made in USA" from a historical perspective and the importance (or lack of) it bears across the internationalization and globalization of the modern world. Explain and support your answer.
Part -2:
Answer the questions below (200-250 words total). Click on the assignment title to submit your work. (SLO 8, 9)
1. How can tariffs, quotas, export taxes, and subsidies be justified? Can you cite an example of where they are be used in today's global economy?
2. What are the side effects of import duties? Can you give an example of how a country pays a price for imposing import duties?
3. Worldwide, there are 150 regional free trade and customs agreements. The U.S. is party to only three. Discuss the history of U.S tariff policy.
Part -3:
Answer the questions below (200-250 words total). Click on the assignment title to submit your work. (SLO 8)
1. Define and describe some of the differences between tariffs and quotas. Give examples of how they are being used today.
2. What are the intent and impact of domestic content requirements? What inefficiency would occur if the U.S. imposed domestic content requirements on manufacturing goods?
3. Explain how advocates of strategic trade policy differ from the classical free traders in their treatment of externalities. What is your stand on the issue?
Part -4:
Read the article As Shrimp Industry Thrives in Vietnam, Trade Fight Looms. To access the article, click on the assignment link below and find the attached PDF file. (SLO 10). Answer the following questions (150-200 words each question). Submit your assignment in MS Word format to the instructor by clicking on the assignment title.
1. Consider the statement made in the summary by the Vietnamese Vice Minister for Trade. Is the assertion correct? Explain.
2. Is the claim of dumping valid? Under what conditions can a country price discriminate and dump on another country?
3. If the U.S. shrimpers are not as efficient as the Vietnamese, why don't U.S. shrimpers try to become more efficient? How might they do so?