Homework: World Economies Comparison Presentation
Prepare a 12 to 16 slides presentation for the 2 economies assigned to your team, each pair of economies has 1 very successful country and 1 not so successful country. Team D: Venezuela vs Saudi Arabia (world's 2 largest sources of oil reserves)
Research each economy assigned to 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.
o GDP per capita growth over time
o Inflation rate over time
o Unemployment rate over time
o Exports as a % of GDP over time
o National government debt as a % of GDP
i. 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.
ii. 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.
iii. Examine at least 2 industries that have provided each economy a comparative advantage in world trade.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.