International Business Assignment
INSTRUCTIONS:
Assignment
# 3 Due in Week 4
Due on or Before
Tuesday evening March 29 at 11:59 MT
This assignment will carry 12 points or 12% of the grade. Note the grade point for this assignment is higher. I am eliminating the Discussion in Week 4
•
These short cases
will require reading additional articles from WSJ or a reputable academic
journal or trade journal on the topics to support responses
•
Do not retype the
questions. The reason is I learned Safe Assignment picks up the questionsif
they are from Hill. An example for China Manipulation Label the question as China Manipulation with
respective – responses to A & B , likewise
Case on Trump and tariffs, and
Question #3 in
Chapter 7 . The final question on
label as Agricultural subsidies and then A,B, C
•
Second, I am finding
when you resubmit multiple times, its resulting in duplication, and resulting
in high unrealistic scores.
Read Chapter 6 (The first
12 pages will be covered)
Country
Focus in Chapter 6
“Is China
Manipulating Its Currency in Pursuit of a Neo-Mercantilist Policy?”
a.
Do you think China is pursuing an economic policy
that can be characterized as neo-mercantilist?
b. What should the
United States, and other countries, do about this?
Chapter 7 Read the opening case on American Steel
Tariffs
•
Use additional
sources to analyze and respond to the questions other than the briefing within
the case study
QUESTION A: Donald Trump claims the new tariffs imposed on
imported steel are vital to the United States’ national security. Explain his
argument. Do you agree?
QUESTION B: Who are the winners and who are the losers from
the tariffs imposed in 2018 by Donald Trump on imported steel?
QUESTIONC: Consider the long-term implications of policies
like the one imposed by Donald Trump on imported steel. What does it mean for
the future competitiveness of companies that rely on imported steel? What does
it mean for employees in those companies and for consumers?
Critical Thinking and
Discussing Question in Chapter 7
•
QUESTION 3:
Given the arguments relating to the new trade theory and strategic trade
policy, what kind of trade policy should business is pressuring government to
adopt?
1 Question Reference is to Chapter 7- not located in book but related to the Chapter. (Please type this question) This is an opinion question and requires research to support the question
Questions
A.Discuss
Agricultural subsidies in Europe and the US.
Explain
an example of Agricultural subsidy in each country.
C.
Draw an opinion of why the subsidies work or do not work.
SOLUTION:
International Business Assignment
Student's Name
Institutional Affiliation
Course
Professor’s Name
Date
Chapter
6
Question
1: China and Neo-mercantilism
I think yes, and relatively certain that chain is
using neo-mercantilism. What is really with china's economic policy is a new
version of mercantilism, borrowing many traits of the mercantilism economic
system. The Chinese government uses a blend of mercantilism and a sort of
government interventionism. This is due mostly to international economic
affairs. The strategies that have been adopted by china in the neo-mercantilism
include the promotion of patriotism and nationalism, stockpiling gold and public
reserves, which seek in achieving a balance of payment in exchange rate
manipulation, export subsidies, tariffs, and other trade regulations. The
Chinese government has a mechanism promoting the control of population growth,
social control and national development (Yu, 2019). The above traits make the
economy be a neo-mercantilism type.
United
states’ response to Chinese mercantilism
The effects of the mercantilism policies have not been
good for the united states and other economies, but a bit benefited from
low-cost production platforms through United States multinational corporations.
Americans as consumers benefited from low-cost goods. Today there are conflicts
between the united states and China arising from their difference in economic
policies. For the united states to respond to the conflict on economic policy,
it should not close its borders to be a vibrant competitor, and they need to
work with China and take advantage of its huge economy (Atkinson, 2012). There
is no evidence that Chinese economic policy is doing anything more than helping
in the management of particular issues. The united states should manipulate
China into joining the community of trading nations and curtail their
mercantilism policies.
Chapter
7: Case on American Steel Tariffs
The decision of trump on imposing the 25 per cent tariff
has two sides of the coin. Tariffs are essential in protecting domestic
production, and at the same time, the imposition of tariffs increases prices
for consumers. From the perspective of an economist and in the case of
struggling domestic industries, tariffs would help improve the production of
domestic industries. The argument by trump that the 25 per cent tariff
imposition will increase security is true. In an attempt to revitalize struggling
industries, these tariffs are critical and specifically want the economy needs.
The united states Steel industry will benefit from this policy and allow
domestic production to grow.
Question
B.
In any economic policy adopted, there must be winners and losers, though, in the long run, the effect will tend to be neutralized. Either way imposition of import tariffs leaves the consumer as the loser. A consumer has to pay more for the price of goods for less quantity of goods that they initially bought at a lower price. The domestic firms are the winners as they would realize an increase in production and see more revenues. This means that the price of steel products will be more than the Global steel prices, and this means that the country will not import more steel products and thus a fall in revenue. The government...
