Tariff-Global Trade: Barriers of Trade between China and USA Please read the assignment requirements and instructions carefully, include all the points/con

Tariff-Global Trade: Barriers of Trade between China and USA Please read the assignment requirements and instructions carefully, include all the points/content required, and answer all the questions asked. Should you use the Assignment Template provided below to finish this assignment paper (essay). Must you Note: In-text citation and references must be provided and followed by the requirement. Lowering Barriers to Trade
In this assignment, you are to identify a barrier (or set of barriers) to trade existing between two
countries (selected: China and U.S) whose removal would be mutually beneficial (ie: both countries
would be better off). This barrier could take the form of either tariff barriers or non-tariff barriers. This
barrier should be specific – identifying a specific product or group of similar products whose exchange
(importing/exporting) between two specific countries would be increased by the removal of specific
barriers.
[Note that one for each country: specific product that China imports from U.S; and that U.S imports
from China]
In the background section of your report, describe in detail the barrier and explain how it impedes
trade in your chosen product between the countries identified. Explain how the barrier came to be put
in place. Illustrate (ie: with diagrams) and explain how removal of the barrier would affect welfare in
each country, showing first the current market situation then showing the market situation after
removal of the trade barrier.
[Note that market supply and demand diagrams are best drawn by hand and incorporated into these
briefing notes using a picture taken with a phone/camera.]
In your considerations section, describe the benefits, drawbacks and risks/uncertainties of removing
the barrier to trade that you identified. Assess how both countries would benefit economically (in
aggregate) from removal of the barrier to trade. Identify key winners and losers as a result of the
removal of the barrier. Note what might be the political consequences of removing this trade barrier.
Based on your considerations (including risks/uncertainties and political consequences), make a
recommendation to the country’s political leaders whether this barrier should be removed or not.
Assuming the political leaders follow your advice, articulate a brief strategy for how one would find
commercial advantage (increase profit and/or return on investment) in your recommended course of
action.
Guidelines
MUST Use the template provided.
In-text Citation of sources and references (highly reliable) are required following APA format.
Minimum word count: 1,000-1,200 (excluding charts, diagrams and references)
FROM:
DATE:
SUBJECT:
[name], [student number]
[date]
[subject – should be no more than one line]
ISSUE
[The issue statement sets out what has happened, is happening or will happen to trigger
the need for the note. It should not exceed three or four lines.]
HIGHLIGHTS
•
[The highlights section should be a bulleted list]
•
[3-4 items maximum – “what is the most important thing the audience should
learn or do as a result of reading this note?”]
•
[Highlights should be either statements of the problem, key evidence and/or
bottom-line conclusions. Leave detailed explanations/justification/rationale to the
considerations section.]
•
[Highlights are not for Key Communications Messages]
•
[Highlights should not be an outline of the paper, but should provide key
evidence, conclusions/recommendations and the important justification]
BACKGROUND
[The background section provides information that will help the client to understand the
issue at hand and its context. Any relevant background data, context or analysis drawn
from other public documents should be included in the background.]
[Not all notes require a background section. If that is the case for the note you are
working on, delete the heading “Background”.]
[Background sections should contain no confidential information, nor any statement of
options and recommendations, nor anything that constitutes a judgment of an
ambiguous situation. Nothing but publicly-available facts should be in the background.]
Tables and Charts
Canada: Economic Growth
8%
6%
6.4%
6.4%
5.2%
5.5%
FORECAST
5.8%
5.4%
4.4%
4.7%
0.4%
2.7%
3.1%
2011
10%
Example Chart formatting (with source)
2010
•
4%
2%
1.9%
3.1%
3.0%
2.9%
2.5%
0%
-2.6%
-2%
-4%
2008
2007
2006
2005
2004
2003
2009
-4.5%
-6%
Source: Statistics Canada, Provincial Economic Accounts, NS Department of Finance forecast
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CONSIDERATIONS
[The considerations section provides findings, analyses, pros and cons, options and
arguments. Considerations are about ambiguities – things that cannot be settled
definitively by reference to objective facts. Considerations should lead the client to an
advisable response to the issue statement at the beginning of the note.]
[Tables and charts can be very helpful in the Considerations section, but they should be
analytical in nature. Any simple public data should be illustrated and discussed in the
background section. Tables and charts used for analysis should be ‘value-added’,
leading the Minister to a conclusion or response:]
[If you have been asked to evaluate options and provide a recommendation, the options
should be outlined and evaluated in the considerations section. After identifying the
problem, the considerations section should provide at least three options for dealing
with it. These options should each be substantive, distinct and feasible. Never discuss
an option that isn’t possible! Option selection should ensure that decision-makers are
exposed to the full range of their choices – even the ones you judge to be the least
desirable.]
[The criteria for evaluating options should be described before actually evaluating the
options. The criteria will depend on the issue and options at hand. In evaluating
economic policy, the ultimate criteria is welfare. However, this is usually inaccessible
for decision-makers with little or no formal training in economics. Instead, useful
economic decision criteria include the major indicators of income or standard of living.
[You should also evaluate the distributional effects of your policy options. Who will
benefit (compared to the situation if government takes no action)? Who pays
(compared to the situation if government takes no action)? Which stakeholders are
most affected?]
[If the government has articulated a clear statement of its vision, you should assess
each policy option against the government’s stated vision – is it consistent with the
stated vision of the government? Does it conflict with some or all of the elements of the
government’s vision?]
[Not all notes require a section on considerations. If that is the case for the note you are
working on, delete the heading “Considerations”.]
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RECOMMENDED ACTION – ADVICE TO MINISTER
CONCLUSION
4
REFERENCES
[To preserve the intellectual honesty of this document and ensure that readers can carry
out further research if desired, provide references in footnotes throughout the document
using the APA reference style. Provide a full list of references on separate pages at the
back of the document]
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