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2 pages/≈550 words
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APA
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Health, Medicine, Nursing
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Coursework
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English (U.S.)
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Topic:

International Trade and COVID-19 Health, Medicine, Nursing Coursework (Coursework Sample)

Instructions:

Please read the article “3M faces pressure from Trump order to stop exporting N95 masks to Canada” (https://www.cbc.ca/news/business/3m-n95-masks-1.5520326) A .pdf version of the article is attached to this assignment folder.
Answer the following questions to complete Assignment 2:
1. Which among the Theories of International Trade is most applicable to the USA decision to limit international trade? Explain your answer.
2. What measures might other countries do in response to the USA decision to limit trade?
3. Give 3 reasons to support the idea that COVID-19 increases the importance of international trade.
4. Give 3 reasons to support the idea that COVID-19 decreases the importance of international trade

source..
Content:


3M faces pressure from Trump order to stop exporting N95 masks to
Canada
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3M faces pressure from Trump order to stop exporting N95 masks to
Canada
With restrictions on the export ban on N95 masks, the 2 major manufacturers are exasperated. For the companies to continue operating on a profit, global exports play a key role as both the companies have been long time players in the global business domain. With
Coronavirus altering the global economy, companies now face an environmental risk (Pandemic) that was previously not considered a high-risk factor (Greenlaw& Taylor, 2016). The government of various countries are scrambling to get their citizens back from the worst affected regions and placing checks and quarantines at all international airports and other ports of entry.
With this ban, the American Government has simply taken an effective towards stabilizing the health internal Security in case of a coronavirus outbreak in the country. The reason for the export ban is understandable. In 1961, the Swedish economic expert Mr. Staffan Linder advocated the Country Similarity Theory to interpret the trade patterns, which would be the best fit to explain this scenario, It also is referred to as Linder hypothesis which implies that states with similar per capita income are most inclined to interact in commerce with each other. Nevertheless, most emerging economies may not trade among themselves, as the excess of such nations will be agricultural products and raw materials, and the requirements will be innovation and high-end tech-product.

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