Comparative advantage
– Choose any two countries and, for each country, identify an industry or industries in which the chosen countries have comparative advantage. You must use relevant
data/statistics to support your analysis used in the identification
– Explain the reasons/sources of the comparative advantage in each of the chosen countries
– Suggest ways to improve the comparative advantage in each country
2. Terms of Trade (ToT)
– Choose any two countries from Australia, China, UK, US, Germany, India and Malaysia, and for each country, analyse its terms-of-trade trend over the last 10 years using relevant facts/figures
– Identify and analyse factors affecting the trend in the terms-of-trade for each of the chosen countries
– Analyse how the terms-of-trade has affected welfare in the chosen countries
3. Export Subsidies in Agriculture, Wind/Solar energy industry
– Choose either an agriculture or a wind/solar energy industry from any country that currently provides export subsidies to the industries. Discuss positive and negative aspects of the export subsidies on the country’s economy.- Evaluate the effects of the export subsidies on the country’s welfare using relevant supporting data/statistics and literature
4. Pattern of Trade- Choose any two countries from China, Australia, India, Vietnam, Mexico and UK, and for each country, describe its pattern of trade over the last 30 years using relevant data
– Identify and analyse factors responsible for a changing trade pattern in the chosen countries
– In your opinion, discuss if your findings conform with what the trade theories predict
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