Why might a smaller country, such as the Netherlands, be more likely to import and export larger fractions of its GDP than would a larger country, such as China or the United States?

[Related to the Chapter Opener on page 343 and the Making the Connection on page 345] New Balance manufactures shoes in the United States, so you might expect that the firm would benefit from a tariff on shoes. Yet New Balance did not actively oppose the Obama administration’s attempts to eliminate the shoe tariff imposed on countries that would be part of the Trans-Pacific Partnership. Briefly explain New Balance’s position.