- Prepare a 3 to 5-slide presentation for the 2 economies selected by your team. Cite the text as you compare and contrasts both economies. Suggestions are below. The team can write to firstname.lastname@example.org with its choice.
Team 4: Venezuela vs Saudi Arabia (world’s 2 largest sources of oil reserves)
- Research each economy selected by your Team. Compare similarities and differences between your assigned countries/economies and how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.Use tables and/or graphs to support your analysis of the following economic statistics/indicators of your 2 assigned economies through the most recent year available since 2009 (the trough of the last economic cycle). Whenever possible, plot the metric for both economies on the same chart.
- GDP per capita growth over time
- Inflation rate over time
- Unemployment rate over time
- Exports as a % of GDP over time
- National government debt as a % of GDP
- Evaluate the reasons why the economic growth of the 2 economies/countries varied. Discuss how international trade influenced the strength of each economy. Discuss the role of value chains and value-added production.Analyze how the failure to use value-added trade measures distorts trade statistics. For example, Boeing and Airbus airliners, Apple iPad and iPhone production, and North American integrated auto and light truck manufacturing.
Examine at least 2 industries that have provided each economy a comparative advantage in world trade.
Cite at least 2 academically credible sources.
Format your citations according to APA guidelines.