Comment on the merits and drawbacks

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Reference no: EM131212757

Ukraine has to decide on a trade-policy strategy to go with other reforms for promoting development. Comment on the merits and drawbacks of the following available choices:

a. Unilaterally taxing its wheat exports.

b. Forming a wheat-exporting cartel with Argentina, Australia, and Canada, which are also major wheat exporters.

c. Choosing manufactures it could export (e.g., batteries), giving them a profitable home-market base protected by tariffs, and encouraging exports to other countries at competitive world prices.

Reference no: EM131212757

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