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Analyze the international economy in which you do the following: 650 WORDS-
ASSIGNMENT:
• Analyze measures of economic growth, and comparative and absolute advantage in international trade for the following countries:
o USAo Chinao Saudi Arabiao Democratic Republic of Congo
• Research each country, using such resources as the CIA World Fact Book, World Bank data, and World Trade Organization. Research its economic, political, and cultural development.
Discuss the following for each country:
o At least two products that have provided the country an absolute advantage in trade (if any)o At least two products that have provided the country a comparative advantage in tradeo Factors that have prevented a country from achieving either
• Conclusion
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Explain why capital flows cause imbalances in the current account - Explain why purchasing, power, parity (PPP) works better in the long run than in the short run.
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