NOTES FOR INTERNATIONAL ECONOMICS FIRST PAPER –TRADE PAPER
For your first paper, focus on the international trade situation of your country. Start by researching your country’s exports and imports, and identify their major trading partners. Compile information for the last ten years. Summarize the material in five year segments. For example: the top five exports and imports 2014-2019 etc. Also the top five countries for exports and imports in the last year. Present the information in an interesting manner, with comparisons over time. Starting with the H/O model investigate the country’s relative factor endowments, and provide a thoughtful hypothesis to explain your country’s comparative advantage and disadvantage. If you think the demand models are more relevant to explain your country’s international situation, convince the reader of your position. The H/O model may not explain your country’s trade situation, but in your explanation you need to show that you understand the model. You are being asked to combine raw data with, descriptive and analytical information to tell a cogent story of your country’s trade situation. Your paper should be a minimum of six pages of text, double-spaced with footnotes and a bibliography. Use APA method of citation. This assignment will also be reviewed by Turn It In. Electronic submissions are due March 12. This assignment is worth 40 points. Every day the paper is late 5 points will be deducted.
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The primary questions you need to answer are:
What are your country’s major imports and exports?
How have these products changed?
Who are their major trading partners?
What is your country’s comparative advantage?
Does the HO model explain your countries trade?
What is your country’s revealed comparative advantage?
Which theory best explains the exports and imports of your country?
How would you categorize the factor endowment of your country?
What is your country’s term of trade?
Where does your country rank on the Competitive Index?
What products does your country put tariffs on?
What is the tariff structure in your country?
Does your country have any significant non-tariff trade barriers?
Is your country a member of the WTO?
Does your country have any pending trade disputes?
Does your country belong to any regional trade associations?
What effect have these associations had on trade?
How might economic growth effect the terms of trade for your country?
You are also being asked to write an executive summary which should be the first page after the title page. It should include the heading: Executive Summary. In the summary, you focus on the main conclusions of your paper: what are the countries’ exports and imports, who are the major trading partners, what is your countries’ comparative advantage and why. The executive summary should contain enough information for the reader to become acquainted with the full document without reading it. Someone reading an executive summary should get a good idea of the main points of the document without becoming bogged down with details. The executive summary is written last.