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This week, we determined and evaluated ways governments control trade in the global economy. These tools include tariffs, quotas, subsidies, and embargoes. Some are less restrictive than others but result in the control serving to benefit the national economy. There are, however, instances when unintended consequences arise in using trade controls.
Consider and respond to the following:
- Should governments impose trade sanctions?
- What are the primary tools governments use for controlling trade and sanction on other economies?
- How would you judge those tools and uses by your own government in controlling trade and sanctions on other economies?
Throughout your discussion, determine the primary methods governments use in controlling trade. You should also debate which methods would be considered effective or ineffective if applied to the industry you work in.(I work in the printing industry). You should also propose unintended consequences you could foresee in one or two methods evaluated.
Your responses to others should take a position of support or dissent, with an explanation of the reasons for that approach.
Parameters
- Answers to the questions should include citations and at least two peer-reviewed or other credible reference sources
- APA guidelines should be adhered to
Length of posted answers should be no less than 300 words
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