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1 page/β275 words
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Business & Marketing
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English (U.S.)
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Topic:
Extensive Adoption of Protectionist - Tariff Sentiment
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International Trade and Factor Mobility Theory
1) Within the current context: Where do you see trade going with the growing tide of protectionist - tariff sentiment; the possibility of more efficient country-by-country production; increasingly flexible and efficient domestic small-scale production methods; the rapid growth of services (Amazon) as a portion of production and consumption within the industrialized nations?
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International Trade and Factor Mobility Theory
Extensive Adoption of Protectionist - Tariff Sentiment
The high incidence of protectionism by imposing tariffs on foreign items to protect local businesses may impact productivity in local sectors in the long term because there is no international competition. Due to fewer trading partners, global trade would be slow and international trade would not expand. As a result, manufacturing elements such as labor and capital will not be used entirely.
The Possibility of More Efficient Country-By-Country Production
Due to a lack of expertise and essential equipment, country-by-country manufacturing will be less efficient, and low-quality items will be created. However, it may lead to the most efficient use of the country's resources and more significant expenditures to boost production in the long run. Land and other production factors will...
Professor
Course
Date
International Trade and Factor Mobility Theory
Extensive Adoption of Protectionist - Tariff Sentiment
The high incidence of protectionism by imposing tariffs on foreign items to protect local businesses may impact productivity in local sectors in the long term because there is no international competition. Due to fewer trading partners, global trade would be slow and international trade would not expand. As a result, manufacturing elements such as labor and capital will not be used entirely.
The Possibility of More Efficient Country-By-Country Production
Due to a lack of expertise and essential equipment, country-by-country manufacturing will be less efficient, and low-quality items will be created. However, it may lead to the most efficient use of the country's resources and more significant expenditures to boost production in the long run. Land and other production factors will...
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