Order Description
Business brief
Purpose
To assess your ability to analyze if international trade can affect a country’s economic growth in America.
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
Part 1: Research
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.
Part 2: Evaluating Data
Go to the CIA World Factbook.
Search the country list in the upper right corner for the country you were assigned to research in Tool 1 assignment.
Scroll down the page and read the “Economy” section about your country.
Examine the import and export information.
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)
Part 3: Conclusion
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.