Q1: With regard to the elimination of import tariffs on Vietnamese footwear, is what is good for Nike Inc. also in America's economic interest? What about New Balance? Hints Q1: • Identify what is “America's interest". • Impact of no tariff on every stakeholders, eg workers, consumers, government and communities reliant on the activities of the footwear industry. Q2: Major drivers of the success of Vietnam's footwear manufacturing sector are purported to be its weakly enforced labour and environmental standards and its generous subsidies to state- owned enterprises. Does this give Vietnamese firms an unfair competitive advantage over U.S. firms? Hints Q2: • Understand that labour and environmental standard evolve according to country's development (developed vs developing). • It is up to you to agree or disagree whether Vietnamese firms have an unfair competitive advantage over US firms due to their weakly enforced labour and environment standards. Q3: What should U.S. Trade Representative Michael Froman do about the import tariffs on Vietnamese footwear to level the playing field to allow Americans to compete and win in the global economy?
Q1: With regard to the elimination of import tariffs on Vietnamese footwear, is what is good for Nike Inc. also in America's economic interest? What about New Balance? Hints Q1: • Identify what is “America's interest". • Impact of no tariff on every stakeholders, eg workers, consumers, government and communities reliant on the activities of the footwear industry. Q2: Major drivers of the success of Vietnam's footwear manufacturing sector are purported to be its weakly enforced labour and environmental standards and its generous subsidies to state- owned enterprises. Does this give Vietnamese firms an unfair competitive advantage over U.S. firms? Hints Q2: • Understand that labour and environmental standard evolve according to country's development (developed vs developing). • It is up to you to agree or disagree whether Vietnamese firms have an unfair competitive advantage over US firms due to their weakly enforced labour and environment standards. Q3: What should U.S. Trade Representative Michael Froman do about the import tariffs on Vietnamese footwear to level the playing field to allow Americans to compete and win in the global economy?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 35P: If trade increases world GDP by 1 per year, what is the global impact of this increase over 10...
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Subject: International Trade
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Transcribed Image Text:Q1: With regard to the elimination of import tariffs on Vietnamese
footwear, is what is good for Nike Inc. also in America's economic
interest? What about New Balance?
Hints Q1:
• Identify what is “America's interest".
• Impact of no tariff on every stakeholders, eg workers, consumers,
government and communities reliant on the activities of the footwear
industry.
Q2: Major drivers of the success of Vietnam's footwear manufacturing
sector are purported to be its weakly enforced labour and
environmental standards and its generous subsidies to state-
owned enterprises. Does this give Vietnamese firms an unfair
competitive advantage over U.S. firms?
Hints Q2:
• Understand that labour and environmental standard evolve
according to country's development (developed vs developing).
• It is up to you to agree or disagree whether Vietnamese firms have an
unfair competitive advantage over US firms due to their weakly
enforced labour and environment standards.
Q3: What should U.S. Trade Representative Michael Froman do about
the import tariffs on Vietnamese footwear to level the playing field
to allow Americans to compete and win in the global economy?
Hints Q3:
• First, compare the pros and cons of eliminating import tariff on
footwear for every stakeholders eg workers, consumers, government
and communities reliant on the activities of the footwear industry.
• Then, give your opinion/suggestion to Michael Froman whether he
should or should not eliminate import tariff on footwear.
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