Discuss the two types of trade flow that underlie the growth

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Reference no: EM131501231

International Business Assignment

This assignment will assess the following learning outcomes:

1. An understanding of a variety of international environmental effects on business.

2. An analysis of the impact of uncertainty on international business behaviour.

3. Demonstrate independent learning in preparation for assignment.

Assignment - International Business

The data shown below reflect the growth of world merchandise trade (exports) for the period 1870-2007. Critically analyse the facts and respond to the four (4) tasks enumerated below:

The rapid growth of world trade over the last century reflects, at least in part, the fact that nations have become more interrelated as they attempted to gain the benefits of free trade. The table below compares the relative growth of world trade and world output from 1870 to 2007. It shows that the growth rate of world merchandise trade (exports) has exceeded the growth of world output (GDP) in four of the five periods. The post-Second World War period (1950-73) saw an unprecedented growth of world trade which far outstripped the growth of world production (Wall, S. & Ress, B., 2010).

Growth in world GDP and merchandise trade 1870-2007 (average annual % change)


1870-1900

1900-13

1913-50

1950-73

1973-2007

GDP

2.9

2.5

2.0

5.1

3.0

Trade (exports)

3.8

4.3

0.6

8.2

5.1

Source: Adapted from WTO, International Trade Statistics (various) and Annual Reports (various)

Given the information above:

1. Discuss the two types of trade flow that underlie the recorded growth in world trade.

2. Select one type of trade flow and apply it to the country of your choice that is currently involved in world merchandise trade.

3. Provide the country's 5-year net export figure (2010-2015):

a. Evaluate its performance based on the given data and discuss whether the balance of trade is a "favourable" surplus (exports exceed imports) or an "unfavourable" deficit (imports exceed exports) to the domestic producers and domestic consumers.

b. Examine its effect on the country's gross domestic product (GDP). Show the actual relationship, with figures and chart.

4. Determine the measure/s to sustain a positive net export or method/s to restrict the level of imports that when left unabated will lead to realising a negative net export. (Note: the method may be against the essence of free trade, in this case, come up with justification/s for the use of such a method).

Verified Expert

This assignment is written with a focus on International Business and trade flows in the international market. Every country is aiming to develop exports for the country and discourage the unnecessary imports for the country. the assignment discusses in details the trade flow followed in Australia. The position of Australia in last five years is analyzed taking GDP, trade balance and value of trade in consideration. the analysis show that Australia is in need of improving its exports and measure to do that is added in the assignment. The assignment ends with a conclusion that summarizes the purpose and finding of the assignment. Recommendation is added to help Australia in improving its exports.

Reference no: EM131501231

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Reviews

inf1501231

6/15/2017 6:10:15 AM

I am a student of UAE; we are allotted with periodical project consistently. Once in a while the level of many-sided quality and perplexity is high in the homework there just trust remains is the specialists help from Experts Mind. I generally get a top review by the solutions by Experts' group.

inf1501231

6/15/2017 4:08:30 AM

Kindly do the assignment with 0 percent copy as I will be terminated from my university if I get caught for plagiarism. So, please consider this point as I cannot risk at all Also, kindly use the country of UAE as for the question number 2 as I live in UAE kindly submit the assignment by tomorrow if possible as I need to review it and submit it for final review I would like to draw your attention that I want an introduction that contains a narrative of current international trade & economy of 150 words explaining two types of trade flow with examples. Additionally, brief summary of the main body giving emphasis that growth in world trade (exports) in consistent/not consistent with rising economic prosperity (GPD) of 150 words, and formulate suggestions based on the findings of 150 words. at least 10 references using Hravarad referencing system

len1501231

5/19/2017 3:07:18 AM

Total No of Pages/Words: 2000. Assignments must be submitted by the due date. State the number of words used at the end of your assignment. You may include diagrams, figures etc. without word penalty. A sliding scale of penalties for excess length will be imposed according to the amount by which the limit has been exceeded. Introduction-Narrative of current international trade & economy (150 words) (5 marks) and Explanation of the two types of trade flow with example/s (150 words) (10 marks).

len1501231

5/19/2017 3:07:10 AM

Main Body (Contents & Discussion) - Application of the type of trade flow to the country that is involved in world merchandise trade (300 words) (15 marks) and Evaluation of the country's performance based on its 5-year net export figures (400 words) (20 marks) and Examination of the relationship of actual 5-year net export figure vis-à-vis the GDP data for the same period (400 words) (20 marks). Determination & justification of the use of measures/methods in relation to sustaining a positive net export and abating a negative net export (300 words 15marks) Conclusion & Recommendation- Brief summary of the main body giving emphasis that growth in world trade (exports) is consistent/not consistent with rising economic prosperity (GDP) (150 words) (5 marks) and Formulate suggestion/s based on the findings 150 words-5 marks. Academic References- At least 10 references using Harvard Referencing System (5 marks).

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