Cindy Vanessa Cruz Rubio – 64171028

Activity

Based on the article entitled “Trade Policy Can Lead Covid-19 Economic Recovery”, answer
the following questions IN ONE SENTENCE in your own words. DO NOT COPY FROM THE
TEXT, PLEASE.

Part I. (30 points. / 6 points each)

1. What’s meant by this expression from the first paragraph: “Every tool at the United
States’ disposal should be considered in this light”

Answer:

Public policies have the capacity to change during the crisis and solve it or make it
worse. As the country that can avoid a disaster, the United States must take into
account changes in its trade and public policies.

2. How can foreign trade help developing countries?

Answer: Foreign trade can help developing countries to generate new trade alliances

3. What’s the urgency for market liberalization?

Answer: Having trade as a priority is a very important factor in not continuing to drive
so many entire communities into total poverty.

4. What’s Argentina an example of?

Answer: The country is an example of how to create openness to the economy and
trade thanks to the cooperation that took place through the GSP.

5. What role does the USA play in spearheading post-Covid economy?

Answer: The role of the United States is to be a promoter of the free market and
support.

Part II. What’s the meaning of the words that appear in the reading? Provide a near
synonym or explain. NO dictionary definition, please. Complete ideas are given to
avoid the hassle of looking up every word. Use ONLY the space provided. (20 points /
4 each)

1. Every tool at the United States’ disposal should be considered in this light. U.S. trade
policy may prove to be one of the most powerful such tools for heading off disaster.

Answer: (Heading off - Avoid) In most cases it is used to imply that you want to block or
avoid a process, destination or activity.
Cindy Vanessa Cruz Rubio – 64171028

2. First, there has always been a tension between U.S. foreign aid development efforts
and trade policy, which often work at cross purposes.

Answer: Disagreeing, that the purposes are contrary to each other, do not agree.

3. Secondly, foreign aid is likely to shrink in the wake of Covid-19.

Answer: (In the wake of - in the wake of) a situation arises that brings consequences

4. Any readymade opportunities to facilitate trade in the short term can help to insulate
struggling communities from some of Covid-19’s worst economic effects.

Answer:

(Insulate -Take care of) It is used with the objective of caring for or protecting from
something external and for this reason it should be isolated or cared for.

5. ….warning that preferential agreements may achieve trade diversion rather than the
trade creation the United States truly seeks.

Answer: To disorientate, to change the proposed purpose for a different one.