Assignment: International Trade Debate
Purpose
To assess your ability to analyze if international trade can affect a country's economic growth.
Overview
For this assignment, you will explore the issue of whether international trade is good or bad for a country's economic growth.
Action Items
1. Part 1: Research
a. Research an issue on how international trade can affect a country's economic growth.
The pros and cons of international trade using the theory of comparative advantage as the basis for your discussion.
Externalities associated with international trade.
2. Part 2: Evaluating Data
a. Go to the CIA World Factbook. https://www.cia.gov/library/publications/the-world-factbook/
b. Search the country list in the upper right corner for the country you were assigned to research in Tool 1 assignment.
c. Scroll down the page and read the "Economy" section about your country.
d. Examine the import and export information.
e. Write a half-page description of the patterns of trade between your assigned country and its top 3 trading partners. Examine the partners, the commodities being exported and imported, and the total dollar amount of imports and exports. Use the latest data available (either 2013 or 2012)
3. Part 3: Conclusion
a. Write a 2- to 3-page academic paper (APA style) that includes the following sections. Include several additional resources besides your textbook and the CIA World Factbook.
Opening:
The pros and cons of international trade using the theory of comparative advantage as the basis for your discussion.
Externalities associated with international trade.
Analysis:
A half-page description of the patterns of trade between your assigned country and its top 3 trading partners. Examine the partners, the commodities being exported and imported, and the total dollar amount of imports and exports. Use the latest data available (either 2013 or 2012).
Conclusion:
Take a stand on the issue of whether international trade is good for a country's economic growth. Provide a theoretical rationale for the position.
b. Check your paper using Grammarly.com. Modify your paper as needed.
c. Submit your paper to turnitin.com. Your professor will provide the necessary access information so you can upload your paper to the class assignment site.
d. Read the Originality Report you receive from turnitin.com and make any modifications as needed to your paper.