Discuss some of the key policy issues facing each nation....

Discuss some of the key policy issues facing each nation. Discuss what you assess are the factors in their political systems, history, etc. impact the ability of these nations to address their policy challenges. and develop. Should we be optimistic about their prospects for success---why or why not? What recommendations would you make to each government, if you were called in as a consultant? It would be tempting to simply suggest that the governments and systems to fully pattern their policies after the US or another governmental system you may prefer, but why would that be unreasonable and difficult advice to follow.

Transcript

00:01 Yeah i just don't think.

00:04 Okay excellent.

00:04 Um so for this problem it's focused on a little matrix here between the us and mexico.

00:11 We have you for the us here um an m from mexico below.

00:17 Um so mexico's payoffs are gonna appear, first.

00:22 Ussr going to appear second l.

00:24 Is for low tariff.

00:25 H.

00:26 Is for high tariff.

00:28 Um so first question is asking dominant strategy for both countries, essentially dominant strategy is what the country is going to do um regardless of what the other country does.

00:43 So here we can see um that for if usa were to pick high instead of a low tariff.

00:54 Um and say mexico went low they would either get 25 or 30.

01:00 So u.

01:01 S.

01:01 A.

01:01 Is gonna want to pick high because it's more if you go get 30 um se mexico goes hi usa has left with 10 or 20 so they're gonna want to pick 20 again therefore high is going to be us uh dominant strategy, high tariff.

01:22 And now let's do the same thing from mexico.

01:24 So if usa goes low they have a choice between 25 and 30.

01:30 So they're going to want to pick 30 and if usa goes high they have a choice between 10 and 20, so they're going to want to go 20.

01:40 So dominant strategy from mexico is also going to be high.

01:45 Um and now the next one is looking at she equilibrium which i think is best defined as when a country um when to when a payout is reached where both countries responding with their best response.

02:03 Um and so looking at this matrix, um say usa went low, mexico's best response would be to go high.

02:13 So that doesn't work out because usa is best response to high, it's not low right...

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