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ECON1089 International Trade

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Question:

Objective:

Manipulate economic models to analyse real world issues in international trade.

Analyse the fundamental determinants of the size and pattern of trade to verify its determinants and its effects on the wider economy/welfare.

Compare and contrast economic and political conditions in poor and rich countries to critically assess the incentives and consequences of trade liberalisation globally.

Assess the impact of protectionist policies on the welfare in rich and poor countries to decrypt the political economy of trade reform.

Task:

Using data from two countries, plot openness versus Industrial Pay Inequality (from UTIP-UNIDO) for each nation. Use two graphs, one for each country.

Using data from the two countries, calculate the correlation between openness and Industrial Pay Inequality (from UTIP-UNIDO) for each nation, respectively. Report and interpret this relationship in up to 100 words. [Hint: The Theil Index is used as a proxy for the ratio.
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My Assignment Help. ECON1089 International Trade [Internet]. My Assignment Help. 2021 [cited 16 April 2021]. Available from: https://myassignmenthelp.com/free-samples/econ1089-international-trade/trade-openness-versus-industrial-pay-inequality.html.


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