ECS3702 ASSIGNMENT 2 SEMESTER 1 2025 In this module, the importance of international trade for economic growth has been underscored in the many trade theories and trade policies we have examined, including the classical theories, the H-O theory, the new

THE BMZ ACADEMY




THE BMZ ACADEMY




@061 262 1185/068 053 8213




BMZ ACADEMY 061 262 1185/068 053 8213

, THE BMZ ACADEMY




BMZ ACADEMY 061 262 1185/068 053 8213

, THE BMZ ACADEMY




QUESTION 1 [35 marks]

In this module, the importance of international trade for economic growth has
been underscored in the many trade theories and trade policies we have
examined, including the classical theories, the H-O theory, the new trade
theories, tariffs and subsidies and trade agreements. This assignment tests
both your understanding of trade policy and exposes you to macroeconomic
databases and data as well as academic writing.

Use the following link to access data from the World Bank’s World Development
Indicators database: https://databank.worldbank.org/source/world-
development-indicators#

2. Plot the data obtained above in one diagram (you will have 6 lines
representing each country). The figure must be correctly labelled with Trade %
of GDP on the vertical axis and years on the horizontal axis. The title of the figure
should be above, and the source should be below the figure [10 marks].




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