International Economics Final
| | | | | US Trade with China
Analyzing the international trade between US and China | [ ] [ ]Edward JaaxInternational Economics ECO-490-OL009
Dr. Tom Patrick
5/22/2013 |
US Trade with China
Analyzing the international trade between US and China
Introduction
The international economic landscape has and is dominated by the United States. However a new player is emerging. China over the past couple of years has sprung onto the national scene. These two countries are the top exporters and importers in the world with around $7.5 trillion in goods traded, according to a 2012 WTO study. They are also some of the largest import or export partners between each other trading approximately $536 billion being exchanged between the two countries. As the United States and China move forward into the next couple of years analyzing the past trends will allow for smarter decisions to be made. The research included will be drawn from data around the last 15 years with more accurate data regarding sectors being added in the closer to present we present. Topics covered will be: * Analyzing trade patterns. Specifically the value of imports and exports in general, and broken down to some individual sectors. * Investigate and present data on the trade between each other. Look into the sectors that dominate the trade and the goods within that sector that could make up the majority of the account. * Look into the tariffs, quotas, and contracts between the two countries. * Examine the exchange rate over the past decade and look into the average and the impact on trade * Each countries approach to trade. * What products does each country have a comparative advantage in. * Conclusion of the analysis.
Bibliography
World Trade Organization International Statistics (2012). http://www.wto.org/english/res_e/statis_e/its2012_e/its2012_e.pdf
Market Analysis and Research, International Trade Centre (ITC) (2013). Trade Competitveness
Analyzing the international trade between US and China | [ ] [ ]Edward JaaxInternational Economics ECO-490-OL009
Dr. Tom Patrick
5/22/2013 |
US Trade with China
Analyzing the international trade between US and China
Introduction
The international economic landscape has and is dominated by the United States. However a new player is emerging. China over the past couple of years has sprung onto the national scene. These two countries are the top exporters and importers in the world with around $7.5 trillion in goods traded, according to a 2012 WTO study. They are also some of the largest import or export partners between each other trading approximately $536 billion being exchanged between the two countries. As the United States and China move forward into the next couple of years analyzing the past trends will allow for smarter decisions to be made. The research included will be drawn from data around the last 15 years with more accurate data regarding sectors being added in the closer to present we present. Topics covered will be: * Analyzing trade patterns. Specifically the value of imports and exports in general, and broken down to some individual sectors. * Investigate and present data on the trade between each other. Look into the sectors that dominate the trade and the goods within that sector that could make up the majority of the account. * Look into the tariffs, quotas, and contracts between the two countries. * Examine the exchange rate over the past decade and look into the average and the impact on trade * Each countries approach to trade. * What products does each country have a comparative advantage in. * Conclusion of the analysis.
Bibliography
World Trade Organization International Statistics (2012). http://www.wto.org/english/res_e/statis_e/its2012_e/its2012_e.pdf
Market Analysis and Research, International Trade Centre (ITC) (2013). Trade Competitveness
Bibliography: World Trade Organization International Statistics (2012). http://www.wto.org/english/res_e/statis_e/its2012_e/its2012_e.pdf Market Analysis and Research, International Trade Centre (ITC) (2013). Trade Competitveness Map http://www.wto.org/english/res_e/statis_e/its2012_e/its2012_e.pdf Market Analysis and Research, International Trade Centre (ITC) (2013). Trade Statistics. Arthur A. Thompson - Arthur A. Thompson - Crafting and executing strategy: concepts and readings. - New York - McGraw-Hill/Irwin - 2012 International Economics, Twelfth Edition, Robert ... Robert J. Carbaugh - Mason, OH - Thomson/South-Western - 2010 World Trade Organization Trade Profile China (April 2013) http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=CN& World Trade Organization Trade Profile USA (April 2013) The US-China Business Council, US-China Trade Statistics and China 's World Trade Statistics thru 2010 https://www.uschina.org/statistics/tradetable.html