(Answered):International Trade Reply 5 . . . .

Question Description

I agree with the argument that tariffs from industrialized nations negatively impact the process of less developed nations. This is because protection imposes economic losses on both industrialized and developing countries. In the industrialized countries resources are used in protected activities in which they have a comparative disadvantage in relation to alternative uses.

Agree or Disagree within 2-3 sentences

Expert Answer 

I agree with the argument that tariffs from industrialized nations negatively impact the process of less developed nations. This is because protection imposes economic losses on both industrialized and developing countries. In the industrialized countries resources are