Problem
Critically discuss how international trade could be harnessed to accelerate the pace of economic growth of a nation. Conversely, critically examine how international trade could be weaponised and deployed as tools of economic warfare to devastate the economic wellbeing of a nation.
As an economic adviser to a country AUStralia , critically discuss the policy measures that you would advocate to ensure a resilient and sustainable trade development of the country that you have chosen. Discuss the effectiveness of your policy measures and examine its policy implications on globalisation.
Must cover all these points
A. Identify the country's key economic sectors and discuss their contributions to the nation's economy. Critically analyse how foreign trade contributes to the nation's economic wellbeing and support your arguments with 10-year trend analyses of the nation's trade balance. Discuss the country's sources of comparative economic advantage and provide 10-year trend analyses of its key economic indicators (including GDP, debt profile, inflation, and exchange rate volatility) among others.
B. Critically examine how weaponization of trade could harm the country's trade and investments and analyze how this could impact on the nation's economic wellbeing, national debt profile and its labour market.
C. Critically discuss policy measures that could be taken by the government to ensure a resilient and sustainable trade development and examine its policy implications on globalization.