Q. Developing countries should be encouraged to implement high tariffs to grow their local industries. To what extent do you agree or disagree?

While I agree that an increased tariff is disadvantaged for local people, such as higher prices for consumers, less pressure to innovate and risk of trade retaliation, I personally believe that it brings more benefits. In this essay, I will explain why I believe this.

REVISED: While I agree that increased tariffs can disadvantage local people; such as by raising consumer prices, reducing innovation, and increasing the risk of trade retaliation; I personally believe that they bring more benefits overall. In this essay, I will explain why I hold this view.

The first reason is protecting infant industries, for example, a start-up companies are hard to get into the early stages of the industry. In more detail, statistics show 132 companies were created last year, but only 30 of them survived in this year, if the increase tariffs, the price of foreign products will go up, and domestic products are given time and opportunity. At that reason, it helps a start-up companies.

REVISED: The first reason is the protection of infant industries. For example, start-up companies often struggle to survive in the early stages of development. According to statistics, 132 new companies were created last year, but only 30 survived into this year. If tariffs are increased, the prices of foreign products rise, giving domestic products more time and opportunity to grow in the market. For this reason, increased tariffs can help support start-up companies.

The second reason is job creation and economic growth, for example, when tariffs go up, domestic production increases, and work creation rates also increase. According to the new, it is said that about 1,000 people can work in factories owned by big name companies. Recently, the employment problem of young people in Korea remains some homework for society, and if these are solved, the domestic economy can also be revitalized.

REVISED: The second reason is job creation and economic growth. When tariffs go up, domestic production tends to increase, which leads to more job opportunities. According to the news, about 1,000 people can be employed in factories owned by major companies. In South Korea, youth unemployment remains a serious issue, and if this problem is addressed, the domestic economy can also be revitalized.

Due to reasons, I believe that an increasing tariff can have a positive effect. Especially, infant industries and young people who are find to job opportunities.

REVISED: For these reasons, I believe that increasing tariffs can have a positive impact, especially for supporting infant industries and helping young people find job opportunities.