Assignment:
Discuss whether Michael Froman should remove tariffs against Vietnamese footwear. Your discussion should include, but not be limited to, the following points:
- A brief discussion of Michael Froman's goal in making his decision and the dilemma that he is facing
- How the use of global value chains adds a new dynamic to the traditional tariff analysis (i.e. the one from the week 5 lecture)
- How the removal of footwear tariffs would affect the following players:
o Consumers in the US
o High-skilled footwear workers in the US
o Low-skilled footwear workers in the US
o Nike Inc.
o New Balance
Read additionally the following article and answer Question 2 in 700 to 800 words:
Jonathan B. Wight, 2015: Why Ethics Matters", Ethics in Economics as an Introduction to Moral Frameworks, Stanford University Press.