Categories
The Digital Economy

Title: “Comparing Economies: Exploring the Impact of Economic, Political, and Cultural Development on Growth and Trade Competitiveness”

Assignment Directions
The economic growth and trade competitiveness of countries can be influenced by the economic, political, and cultural development within the
country. There are several countries that can be compared to see how a successful economy’s decisions differed from a less successful economy. 
Step 1: Select Economies 
Review the pairs of economies listed below. Each pair has 1 highly successful country and 1 less successful country, except for NAFTA /EU.
• NAFTA vs. European Union (world’s two largest economic entities) 
• China vs. India (world’s two most populous countries)
• South Korea vs. North Korea (two polar economic opposites, one people) 
• Venezuela vs. Saudi Arabia (world’s two largest sources of oil reserves) 
• Nigeria vs. Democratic Republic of the Congo (functioning government and civil order vs. struggling government and violent clashes
among factions; note: the Republic of the Congo is not the same country as the Democratic Republic of the Congo) 
Research the economies for your chosen pair of countries.
Compare similarities and differences between your chosen countries/economies.
Continue to Step 2: Create a Presentation 
Step 2: Create a Presentation
In a 12- to 16-slide presentation with detailed speaker’s notes and visual elements, including graphs and tables, explain how their economic,
political and cultural development since 1992, it has influenced their economic growth and trade competitiveness.
Include the following in your presentation:
• 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.
Use the Word template to submit your answers. Links to word Templates

Categories
The Digital Economy

Reflection on Federal Reserve and Government Intervention in the Economy Federal Reserve: The Federal Reserve’s monetary policy plays a crucial role in influencing the overall health and growth of the economy. By adjusting interest rates, controlling the money supply, and regulating the banking

Reflection
This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflection by responding to all prompts. 
Federal Reserve
Analyze how changes in the Federal Reserve’s monetary policy affect at least 2 of the 4 components of GDP (consumption, investment, government spending, net exports). Justify your answer to the following question: Have the Federal Reserve’s countercyclical monetary policies been effective in moderating business cycle swings?
Government Intervention
​​​​​​​Government interventions into markets can sometimes succeed, but sometimes they make the situation worse. Explore 2 examples of government intervention that did not work. Explain why the intervention made things worse, and what could have been done differently to improve the situation. Support your analysis by including:
What the situation was
What the intervention sought to solve
What happened
What might have been done differently 
Use the following Word template to submit your answers in your own words based on paraphrasing your research of several published credible sources.
ECO535CB Reflection 2 Worksheet.docx
Here are my personal observations of the Great Recession having lived through it.docx
Submit your reflection.