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- Proponents of free trade, primarily developed country economists, argue that the liberalization of trading relationships between rich and poor countries(the removal of tariff and nontariff barriers) would work toward the long-run benefit of all countries. Under what conditions might the removal of all tariff and other impediments to trade work to the best advantage of developing countries? Explain.As a businessman, explain how globalization affects the importation and exportation of products in the Philippines.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?
- Proponents of free trade, primarily developed country economists, argue that the liberalization of trading relationships between rich and poor countries(the removal of tariff and nontariff barriers) would work toward the long-run benefit of all countries. Under what conditions might the removal of all tariff and other impediments to trade work to the best advantage of developing countries? Explain. What factors – economic, political or historical- do you think will determine whether of not a particular developing nation is more or less dependent on international exchange? Explain your answer, giving a few specific examples of different less developed countries.Do you think globalization is good for the Philippines? Defend your answer What’s your opinion on globalization's impact on Philippine Culture? limit answer to 1 paragraph eachWhat is the similar economic and foreign policy of Latin American countries.
- Do you believe globalization beneficial to small Caribbean countries such as Trinidad and Tobago? Declare whether you agree or disagree, and explain your reasoning.Measuring globalization is problematic because ________. A. output from foreign-owned investments as a percentage of world production has decreased. B. economic interdependence has been decreasing since the mid-twentieth century. C. a country's interdependence must be measured directly. D. restrictions on imports have generally been increasing. E. domestic business transactions can become international ones when national boundaries shift.How does economic globalization affect me as a Filipino?
- What are the advantages and disadvantages of globalization to the economy of the Philippines? Give 4 reasons.Discuss malevolent and benign mercantilism. What kind of activities would the State undertake under each to ensure that its country does not suffer due to globalization?The East Asian Miracle countries developed rapidly because they a) adopted successful industrial policies. b) had mild financial repression. c) adopted successful land reform. d) adopted free trade policies. e) had limited price distortions.