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how can tariffs encourage domestic production growth?
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- If trade increases world GDP by 1 per year, what is the global impact of this increase over 10 years? How does this increase compare to the annual GDP of a country like Sri Lanka? Discuss. Hint To answer this question, here are steps you may want to consider. Go to the World Development Indicators (online) published by the World Bank. Find the current level of World GDP in constant international dollars. Also, find the GDP of Sri Lanka in constant international dollars. Once you have these two numbers, compute the amount the additional increase in global incomes due to trade and compare that number to Sri Lankas GDP.Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Explain why such a statement is economically impossible.Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Is this possible?
- If the removal of trade barriers is so beneficial to international economic growth,why would a nation continue to restrict trade on some imported or exported products?Why do businesses pursue international expansion beyond their domestic markets?Define protectionism as a policy and describe what a country stands to lose when it enacts such a policy.
- If a nation exported much of its output but imported little, would it be better off or worse off? How about the reverse; that is, exporting little but importing a lot ?Explain with examples the benefits and costs of direct foreign investment to a source nation?Which is better policy? Trade liberalization or trade protectionism? why?
- WHAT IS INFANT-INDUSTRY PROTECTION? WHAT ARE POLICY CREDITS AND ADMINISTRATIVE GUIDANCE IN ASIA? WHAT IS ASIAN DOLLAR MARKET?Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Is this possible?As a businessman, explain how globalization affects the importation and exportation of products in the Philippines.