Assignment:
Develop a 1,750-word analysis of the international economy in which you do the following:
1. Analyze measures of economic growth, and comparative and absolute advantage in international trade for the following countries:
a. USA
b. China
c. Saudi Arabia
d. Democratic Republic of Congo
2. 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.
3. Compare the following using tables or graphs, for most recent year available and for 2009 (the trough of the last economic cycle):
a. Country GDP per Capita
b. Country GDP as a % of World GDP
c. Country exports per capita
d. Country exports as a % of GDP
e. Country exports as a % of World exports.
f. Country imports per capita
g. Country imports as a % of GDP
h. Country imports as a % of World imports (world imports = world exports)
4. Discuss reasons why the economic growth of the four countries varies so markedly. How does trade influence the strength of the economy worldwide?
5. Determine the stage in the lifecycle for each country's economy.
6. Discuss the following for each country:
a. At least two products that have provided the country an absolute advantage in trade (if any)
b. At least two products that have provided the country a comparative advantage in trade
c. Factors that have prevented a country from achieving either
Cite a minimum of three peer reviewed sources.
Format the assignment consistent with APA guidelines.
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