Reference: Pugel, T. (2023). International Economics (18th ed.). McGraw-Hill Higher Education (US). https://online.vitalsource.com/books/9781266833410
DISCUSSION
Question: Analyze the European Union’s use of economic embargoes as a policy tool. What types of countries within the EU are most likely to support or implement such measures, and what factors influence their decisions? In the context of EU policies, do embargoes have a higher likelihood of success when applied gradually rather than suddenly? Discuss the potential economic and political outcomes for both the EU and the targeted nations
To earn full credit, post an initial response of 500 words that includes at least one APA citation and the associated reference.
ASSIGNMENT
Assignment Instructions:
Analyze and justify which of the following trade policy moves is most likely to generate net global economic gains:
(a) Imposing a countervailing duty against an existing foreign export subsidy(b) Forming a customs union in place of a set of tariffs equally applied to imports from all countries(c) Levying an antidumping import tariff
In your response, evaluate the economic implications of each policy by considering factors such as market efficiency, trade creation and diversion, consumer and producer welfare, and overall global welfare. Support your analysis with relevant trade theories and real-world examples where applicable. Which policy aligns most closely with the principles of free trade and economic efficiency?
Write an essay that meets the following requirements:
- APA formatted 3-5 page long (1000-1500 words) essay. The APA assignment template is available at the bottom of this section.
- At least three scholarly sources (peer-reviewed journal articles) and a minimum of five in-text citations.
- A title page and a references page (not included in the word count).
