1.I agree with the argument that tarrifs from industrialized nations negatively impact the process of less developed nations. This is because Protection imposes economic losses on both industrialized and developing countries. In the industrialized countries, resources are used in protected activities in which they have a comparative disadvantage in relation to alternative uses. As a result, total real product is lower than it would otherwise be. Another reason is that the developing countries concerned suffer a real income loss by having to channel their resources into less economic activities in the primary sector. For those countries which continue to export the commodities in there will also be a terms-of-trade loss arising from the industrialized countries' import restrictions