Ukraine has to decide on a trade-policy strategy to go with other reforms for promoting development. Comment on the merits and drawbacks of the following available choices:
a. Unilaterally taxing its grain exports.
b. Joining a grain cartel with North America, Argentina, and Australia, the other main exporters.
c. Choosing manufactures it could export (e.g., batteries), giving them a profitable home-market base protected by tariffs, and encouraging exports to other countries at competitive world prices.