Tariffs are taxes or duties that are required to import or export goods. For instance, “Germany, Japan, and Korea are well known” to use tariffs to develop their economy (Kicking Away the Ladder, 45). Protectionism is a concern topic since it main focus is to tax imports in hope to prevent domestic businesses from foreign countries: “the USA was also the intellectual home of protectionism” (Kicking Away the Ladder, 45). Lastly, developing countries has double-standard. This means that wealthy countries will preach one perspective, but when things become problematic the countries will impose policies that contradict what they
Tariffs are taxes or duties that are required to import or export goods. For instance, “Germany, Japan, and Korea are well known” to use tariffs to develop their economy (Kicking Away the Ladder, 45). Protectionism is a concern topic since it main focus is to tax imports in hope to prevent domestic businesses from foreign countries: “the USA was also the intellectual home of protectionism” (Kicking Away the Ladder, 45). Lastly, developing countries has double-standard. This means that wealthy countries will preach one perspective, but when things become problematic the countries will impose policies that contradict what they