Develop a 1,750-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

·         Saudi Arabia

·         Democratic Republic of Congo

  • 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

·         Factors that have prevented a country from achieving either

Cite a minimum of three peer reviewed sources.

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