ECO203e: Describe and Compare the Respective Welfare Effects of an Import tariff on Singapore and on the U.S.: International Economics Assignment, SUSS, Singapore

Question 1
(a) Describe and compare the respective welfare effects of an import tariff on Singapore and on the U.S.

(b) Singapore has done relatively well in exporting computer peripherals and software, even to countries like the U.S. which has a more advanced level of technology. Illustrate how this could be possible.

Question 2
(a) On the economic integration of ASEAN10, identify, with supporting examples, the stage ASEAN10 is currently at.

(b) On economic integration, explain the success/failure of the European Union in all its stages.

(c) How would the China-ASEAN FTA be mutually beneficial? Discuss by selecting any one ASEAN state and one theme (e.g., trade in goods and services, or FDI and MNCs for transfer of capital, or technology transfer, etc), with the use of examples