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ECON 3506 : International Trade

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Question:

1.Explain how trade/GDP (also called openness) is a measure of globalisation.
Are there other measures you could use?
What form of globalisation are you measuring? 

2.Using 2 graphs (one for each country), plot openness versus time for each country. Explain in up to 50 words how openness has changed for these countries from 1985 to 2005. Make sure your graph is properly labelled. 

3.Explain in the relationship between openness and economic development by calculating the correlation coefficient between GDP per capita (proxy for economic development) and openness for each of the two countries, respectively. [Here you have to use the CORREL command in Excel].

4.Explain in the factors that you think drive openness in these two countries. [Note that these factors can be positive or negative]. If you use information, reference it. References do not count in the word count. 
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My Assignment Help. International Trade [Internet]. My Assignment Help. 2021 [cited 19 April 2021]. Available from: https://myassignmenthelp.com/free-samples/econ-3506-international-trade/other-measures-of-globalization.html.


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