Eco

There are two parts to this assignment:

Part 1:

Prepare a 12- to 16-slide presentation with detailed speaker’s notes and visual elements, including graphs and tables. 

Complete the following in your presentation:

Choose a pair of economies from the bulleted list below,

• NAFTA vs. European Union (world’s two largest economic entities)

Research the economies for your chosen pair of countries. Compare similarities and differences between your chosen countries/economies and explain how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

Use tables or graphs to support your analysis of the following economic statistics/indicators of your 2 chosen economies through the most recent year available since 2009 (the trough of the last economic cycle):

• GDP per capita growth over time

• Inflation rate over time

• Unemployment rate over time

• Exports as a percentage of GDP over time

• National government debt as a percentage of GDP

Whenever possible, plot the metric for both economies on the same chart.

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.

Analyze how the failure to use value-added trade measures distorts trade statistics.

Examine at least 2 industries that have provided each economy a comparative advantage in world trade.

Cite at least 2 academically credible sources.

 PART 2: 

Write a 750- to 1,050-word evaluation of credible economists’ unbiased opinions on the benefits, costs, and results of current U.S. trade and tariff policies.

Complete the following in your evaluation:

• Evaluate how U.S. trade policy changes in the last 2 years affect global trade activities by multinational corporations.

• Discuss credible economists’ opinions on the long-term effects of trade and tariff policies changes in the last 2 years.

• Explain the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.

Cite at least 2 academically credible sources.