Economics Homework Help

We can examine the international trade relationships of all countries in terms of the overall volumes of exports and imports, their overall balance of trade, the direction of trade (with what other countries they trade), and the composition of trade.

Moreover, the characteristics of a country’s trade patterns are typically associated with its level of development, with non-oil-exporting less developed countries often specializing in low-skill, labor-intensive, undifferentiated, price-sensitive commodities. The opposite is true of developed countries, which tend to engage heavily in intra-industry trade and whose trend patterns tend to be less concentrated by sector.

In this exercise, you will examine a variety of trade indicators for your chosen country in order to briefly evaluate whether the country’s trade patterns are consistent with those of a Developing Country and whether they are becoming more or less so over time.

• overall volume of exports, 2015-19
• overall volume of imports, 2015-19
• balance of trade, 2015-19 (first three should be on the same graph)
• number of products exported, 2015-19
• top five exports partners, 2019 only (pie chart)
• top five import partners, 2019 only (pie chart)
• service exports, 2015-19
• service imports, 2015-19
• balance of trade in services, 2015-19 (last three should be on the same graph)

We can examine the international trade relationships of all countries in terms of the overall volumes of exports and imports, their overall balance of trade, the direction of trade (with what other countries they trade), and the composition of trade.

Moreover, the characteristics of a country’s trade patterns are typically associated with its level of development, with non-oil-exporting less developed countries often specializing in low-skill, labor-intensive, undifferentiated, price-sensitive commodities. The opposite is true of developed countries, which tend to engage heavily in intra-industry trade and whose trend patterns tend to be less concentrated by sector.

In this exercise, you will examine a variety of trade indicators for your chosen country in order to briefly evaluate whether the country’s trade patterns are consistent with those of a Developing Country and whether they are becoming more or less so over time.

• overall volume of exports, 2015-19
• overall volume of imports, 2015-19
• balance of trade, 2015-19 (first three should be on the same graph)
• number of products exported, 2015-19
• top five exports partners, 2019 only (pie chart)
• top five import partners, 2019 only (pie chart)
• service exports, 2015-19
• service imports, 2015-19
• balance of trade in services, 2015-19 (last three should be on the same graph)

Provide graphical presentations of each of these indicators, taking note of the instruction above about which ones should be on the same graph. Be sure to label the figures and the axes clearly and include the source of your data immediately below each figure (I know that the data are all from the same source, but this is an opportunity to reinforce good habits). Follow the graphical presentations with a narrative of no more than three paragraphs addressing the issue mentioned above.

Data Sources

You can find all data necessary to complete this exercise in the World Bank’s World Integrated Trade Solution (链接到外部网站。).

If you are unfamiliar or rusty with making graphics from data in Excel, a tutorial is available here Excel Quick and Simple Charts Tutorial (链接到外部网站。). Your product should be a professional looking and no longer than three pages, including graphics.

Data Sources

You can find all data necessary to complete this exercise in the World Bank’s World Integrated Trade Solution (链接到外部网站。).

If you are unfamiliar or rusty with making graphics from data in Excel, a tutorial is available here Excel Quick and Simple Charts Tutorial (链接到外部网站。). Your product should be a professional looking and no longer than three pages, including graphics.