FOR PROF WASHINGTON WATSON ONLY

Part A

Develop a 650 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:

  • USA

  • China

• 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):

  • Country GDP per Capita

  • Country GDP as a % of World GDP

  • Country exports per capita

  • Country exports as a % of GDP

  • Country exports as a % of World exports.

  • Country imports per capita

  • Country imports as a % of GDP

  • 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:

  • At least two products that have provided the country an absolute advantage in trade (if any)

  • At least two products that have provided the country a comparative advantage in trade

    Cite a minimum of two peer reviewed sources.

    See attached

    PART B
    

    Resource: Bedford Con Industries Data

     

    Develop  notes for the Real-Time Project that will help Bedford Con Industries expand partnership and operations in the European Union. 

    Include this : Current number of new customers 200 words

    see attachment pls