Australia: Foreign Trade and Investment
We live in a global world, characterized by relationships, interdependencies, and collaborations between nations for various reasons – from exercising economic power to promoting environmental awareness. Globalization exposes us to an unmatchable diversity of national political, legal, cultural, and economic systems we need to understand in order to be effective leaders in the global economic environment we live in today. The purpose of this blog series of assignments is to prepare you to do a thorough research on a country to understand how it is positioned in the global economy, what are the countrys strengths and weaknesses, and what opportunities for collaboration it offers.
For this first blog assignment you need to research the international trade and foreign direct investments (FDI) of the country of your choice. You need to describe your research findings, support them with academic and visual sources, and make a conclusion about the countrys strengths, weaknesses and opportunities.
Research the international trade instruments of the country of Australia.
Identify and describe at least one tariff.
Identify and describe at least one subsidy or the lack thereof.
Identify and describe at least one import quota, export ban or export restriction.
Analyze the economic reason for the government interventions you identified.
Support your narrative with at least one academic source, at least one visual source (picture or video).
Research FDIs related to the country.
Discuss the outflows of FDIs.
Discuss the inflaws of FDIs.
Support your narrative with at least one academic source and at least one visual source (picture or video).
Write a conclusion about the insights you gained into your research country.
Identify at least one weakness of the country based on its political, economical and legal systems.
Identify at least one strength of the country based on its political, economical and legal systems.
Do not forget to cite all references you used to write your blog, including your visuals, and to follow the APA rules for writing, citing and listing references.