Develop a 400 WORD (Note - the word count does not include your title page or references page.) analysis of the international economy of SAUDI ARABIA in which you do the following:
- Analyze measures of economic growth, and comparative and absolute advantage in international trade of SAUDI ARABIA
- using such resources as the CIA World Fact Book, World Bank data, and World Trade Organization. Research SAUDI ARABIA economic, political, and cultural development.
- 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 SAUDI ARABIA varies so markedly. How does trade influence the strength of the economy worldwide?
- Determine the stage in the lifecycle for SAUDI ARABIA economy.
- Discuss:
- 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.