Learning Outcome 4: Evaluate arguments for and against intervention in the trade process to justify arguments in favour and against globalisation.[20points] (~850 words)
Write a brief report on the protectionist measures for the country of Thailand over the time frame from 2000-2018. Gather information on the level of protectionism of Thailand.
(a)Identify the industries that are most severely protected and how they are protected. Present the rationale of the government for protecting those industries.[6points] (~250 words)
(b)Analyse and discussthe rationale for protectionism on why those industries are protected in your own view and evaluate whether the protectionist measures are effective in your own view.Present evidence to back your claims. [4points] (~170 words)
(c)Discuss the overall, domestic welfare implications within the country of 2main protectionist measuresof Thailand. Identify the domestic interest groups that are most affected by the protectionist measures. [6points] (~250 words)
(d)What modifications on their trade protectionist policies would you recommend to the government of Thailand?[4points] (~170 words) (eg: investigate about Thai, some potential growth in some industry but don’t see any protection)
1) Excellent identification of the key protectionist measures and excellent presentation of the rationale of them from the government perspective.
2) Excellent arguments on the rationale of the protectionist measures and brilliant claim on their effectiveness with relevant evidence.
3). Excellent evaluation of the welfare implications and presentation of 2-3 effective and key measures. Excellent presentation of the implications and effects of those measures.
For more information on Rationale for Protectionism read this: https://en.wikipedia.org/wiki/Protectionism
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