29 Jun Short paper about Trade Barriers and Recalculating Parameters
The second part of the assignment is supported by the theory you have described in the trade barriers section. You will have to recalculate the impact on your industry based on new numbers you have chosen. For example, if a tariff is currently 10%, you will adjust it to 15% and 5% and recalculate the impacts. Use specific examples.
III. Trade Barriers: Describe the country’s specific trade barriers geared toward foreign MNCs entering the market.
A. Define trade barriers in your specific international market. Consider drawing from multiple sources in your definition.
B. Determine the implications of the trade barriers on your company. Do these barriers hinder your company’s business? Justify your response.
C. Determine the implications of the trade barriers on your industry. Do these barriers hinder the industry within the specific international market? Justify your response.
D. Determine the implications of the trade barriers on consumers. Do these barriers hinder the consumer’s purchasing power within the specific international market? Justify your response.
IV. Recalculating Parameters: Select the previously identified trade barriers and change their parameters for your selected industry, making appropriate economic calculations and representing the changes in charts.
A. Calculate the effect of the change of a tariff on your particular industry. Illustrate the change visually in a chart.
B. Calculate the effect of the change of a quota on your particular industry. Illustrate the change visually in a chart.
C. Calculate the effect of the change of a government subsidy on the overall GDP. Illustrate the change visually in a chart.
Guidelines: Short paper must be submitted as a 2–3 page (not including title and reference pages) Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Include charts in an appendix. Included should be at least three scholarly references. All references should be cited in APA format.
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