Comparing the balance of trade and balance of payments


Choose two of the given countries (a developing or emerging and a developed country) and get your instructor's approval:

Albania, Argentina, Australia, Azerbaijan, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Egypt, Estonia, Ethiopia, Finland, France, Gabon, Georgia, Germany, Greece, Guatemala, Honduras, Hungary, India, Ireland, Japan, Kazakhstan, Latvia, Lithuania, Malaysia, Malta, Mexico, Peru, Philippines, Poland, Romania, Russia, Serbia and Montenegro, South Korea, South Africa, the United Kingdom, the United states, Venezuela and Zimbabwe.

Place and read the EIU country analysis reports for each country.

Write down and submit a 1,050 to 1,400 word paper covering:

a) Comparing and contrasting the balance of trade and balance of payments figures for both of the countries for each year and for the past 5-years.

b) Identify and describe the comparative benefit of each country and recognize any barriers to trade and evaluate their effect on the relevant country's international or bilateral trade.

c) Comprise your analysis an explanation of how the economies are alike, how they are dissimilar, and how each and every benefit from trade.

Please, address each one of the three topics in three separate and clearly titled three paper parts.

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Finance Basics: Comparing the balance of trade and balance of payments
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