Determine the stage in lifecycle for each countrys economy

Assignment Help International Economics

Reference no: EM131222176

Economics Assignment

Develop a 1,750-word analysis of the international economy in which you do the following:

• Analyze measures of economic growth, and comparative and absolute advantage in international trade for the following countries:

o USA
o China
o Saudi Arabia
o 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.

• Compare the following using tables or graphs, for most recent year available and for 2009 (the trough of the last economic cycle):

o Country GDP per Capita
o Country GDP as a % of World GDP
o Country exports per capita
o Country exports as a % of GDP
o Country exports as a % of World exports.
o Country imports per capita
o Country imports as a % of GDP
o Country imports as a % of World imports (world imports = world exports)

• Discuss reasons why the economic growth of the four countries varies so markedly. How does trade influence the strength of the economy worldwide?

• Determine the stage in the lifecycle for each country's economy.

• 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 trade
o Factors that have prevented a country from achieving either

Cite a minimum of three peer reviewed sources.

Format the assignment consistent with APA guidelines.

Reference no: EM131222176

Questions Cloud

Federal government employees : Title VII and ADEA do not protect federal government employees. Which laws gives similar protection to federal government employees?

Outline the major research challenges of data mining : Outline the major research challenges of data mining in one specific application domain, such as stream/sensor data analysis, spatiotemporal data analysis, or bioinformatics.

What is the loan to value ratio (lvr) : How is it possible for John to borrow 100% of the purchase price + costs - Assuming John uses the same bank to finance his home and the investment property he wishes to purchase, what is the loan to value ratio (LVR)? Please show the percentage up ..

Fisheries governance and management : List and expain suistainibility objectives in fisheries governance and management.

Determine the stage in lifecycle for each countrys economy : Discuss reasons why the economic growth of the four countries varies so markedly. How does trade influence the strength of the economy worldwide? Determine the stage in the lifecycle for each country's economy.

Domtar strategies align with its mission : CASE: Taking Charge At Domtar: What It Takes For A Turnaround Question 1 How did Domtar's strategies align with its mission? Explain your answer.

Explain the purpose of business law : Explain the purpose of business law and how the judicial system fits into society -- including business. Differentiate the federal court structure from your state's court structure.

Who is responsible for monetary policy in canada : What political realities might explain the creation of the Bank of Canada in 1934? - In what ways can the government influence the conduct of monetary policy?

Disparate impact in a compensation context : Distinguish between disparate treatment and disparate impact in a compensation context.

User Account

All Pages