Global Economy, National Economies, and Competition
In the first part of the twenty-first century a great recession struck most of the countries in the world. The next decade has been severally impacted with the consequences of this crisis. In this atmosphere, domestic investments and foreign investments shrink. The importance of the prudent macroeconomic analysis is clear.
Identify and read at least four peer-reviewed journal articles focused on macroeconomic factors in two selected countries. Use national statistical data or data from international institutions (World Economic Forum, World Bank, International Monetary Fund). Then, respond to the following:
Select two countries (different than in Module 1) and identify major economic indicators for the last 5 years:
- gross domestic product
- gross national product
- rate of inflation
- interest rates
- unemployment rate and type of unemployment
- national debt
- total export and import of a country
- bilateral export and import between two selected countries.
Present these data in one table. Compare and contrast all factors in your essay. Write a critical analysis of macroeconomic status, reasons and consequences of selected countries.
Write a two-to-three-page paper in Word format. Utilize at least three scholarly sources in your research.
Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.