Economic Analysis

ASSIGNMENT 2

RUI ZHANG

EXCHANGE STUDENT

2013951121

In this case, I choose “merchandise trade (% of GDP)\School enrollment, tertiary (% gross) and Total natural resources rents (% of GDP) as a way to explain 3 indicators: Trade\Education\Climate change (Environments), and I choose 3 period of times: 1990\2000\2010. The countries are China\India\USA

We can see that in the long run, the gap between wealthy countries like the united stated and countries that have yet to achieve like china and India are smaller.

From the figure of Real GDP per capita of USA\India\China, we can see that India and China currently have a much higher growth rate than USA, but they are still much poorer than USA. We can see that after around 1990, china’s GDP is getting better than India, and from the 3 indicators we can see that after about 10 years, the indicators are changed, and china are getting better in all of the indicators. Later, china exceed India in some indicators, illustrate that the growth of Chinese economy are better than that in India. But both china and India are much poorer than USA, which can also find in all the tables, figures and maps.

In this indicate, Merchandise trade is used to illustrate the indicator of trade. From the map, the darker, the number is larger. And from the table we can know the exact number (rate) of every country. And from the figure we can know the rank of every country.

International trade is the exchange of goods and services across national borders. In most countries, it represents a significant part of GDP.

International trade makes up a sizeable portion of China's overall economy. Since economic reforms began in the late 1970s, China sought to decentralize its foreign trade system to integrate itself into the international trading system. On November 1991, China joined the Asia-Pacific Economic Cooperation (APEC) group, which promotes free trade and cooperation the in economic, trade, investment, and...