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World Economies Comparison Presentation

The economic growth and trade competitiveness of countries can be influenced by the economic, political, and cultural development within the country. There are several countries that can be compared to see how a successful economy’s decisions differed from a less-successful economy.

Step 1: Select Economies

Review the pairs of economies listed below. Each pair has 1 highly successful country and 1 less successful country, except for NAFTA /EU.

NAFTA vs. European Union (world’s two largest economic entities)
China vs. India (world’s two most populous countries)
South Korea vs. North Korea (two polar economic opposites, one people)
Venezuela vs. Saudi Arabia (world’s two largest sources of oil reserves)
Nigeria vs. Democratic Republic of the Congo (functioning government and civil order vs. struggling government and violent clashes among factions; note: the Republic of the Congo is not the same country as the Democratic Republic of the Congo)
Research the economies for your chosen pair of countries.

Compare similarities and differences between your chosen countries/economies.

Step 2: Create a Presentation – Evaluate Economic Growth and Advantages

In a 12- to 16-slide presentation with detailed speaker’s notes and visual elements, including graphs and tables, explain how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

Use tables or graphs to support your analysis of the following economic statistics/indicators of your 2 chosen economies through the most recent year available since 2009 (the trough of the last economic cycle):

GDP per capita growth over time
Inflation rate over time
Unemployment rate over time
Exports as a percentage of GDP over time
National government debt as a percentage of GDP
Whenever possible, plot the metric for both economies on the same chart.

Evaluate why the economic growth of the 2 economies/countries varied.

Discuss how international trade influenced the strength of each economy.
Discuss the role of value chains and value-added production.
Analyze how the failure to use value-added trade measures distorts trade statistics.

Examine at least 2 industries that have provided each economy a comparative advantage in world trade.

Sample Solution

ecause it is a loved thing. It is a loved thing because people love it. Quickly, ‘holy’ or ‘good’ can become detached from ‘god-loved’. If ‘god-loved’ (or ‘god- willed’) were to mean exactly the same thing as ‘good’ then it would follow that if God wills something because it is good, then He must also will it because it is god-willed. Yet, as we’ve established that second statement is incongruous with the other types of action we’ve discussed (carrying seeing, etc.). By contrast, if what’s god-willed is merely god-willed because God wills it, then what’s good should also be good merely because god wills it. This second statement, again, seems out of touch with our common intuitions. Hence we arrive at the titular problem, ‘Is something good because God wills it, or does He will it because it is good?’. There are defendants of both possibilities and this essay will demonstrate the problems of each. The first horn, that something is good because God wills it, is open to a number of objections. First, there is the ‘anything goes’ argument. That is, if God so wills it, anything can become good. Torture is the classic example. If overnight God decided so, then conceivably torture could be decreed as good and thus encouraged. In fact, it could become morally wrong for us to do anything but go around torturing strangers. Such a possibility seems heavily counterintuitive. A theist might naturally say that God would never do such a thing, yet, simply the unlikelihood of such a state of affairs materialising seems a fairly unconvincing retort. Of course, one could point to an omnipotent God as responsible for those intuitions and accordingly, we could assume that were he to take such a course of action he must be doing it for some higher purpose beyond our comprehension. It’s important to note here that God’s benevolence and omniscience must be our motives for following him. As Williams notes, “if it is his power, or the mere fact that he created us, analogies with human kings or fathers […] leave us with the recognition that there are many kings and fathers who ought not to be obeyed”3 (Morality – An Introduction to Ethics, B. Williams, Chapter 8, p. 63). Indeed, an all-powerful ruler who created everything is not necessarily more worthy of obedience but simply harder to disobey. This benevolence, stemming from God’s omniscience, presents a pitfall for the first hornist. For, while God’s willing of acts making them moral maintains his omnipotence, it removes the sense of compassion, care and love that God has thus limiting him in another way. If whatever is willed is good, then God’s goodness is determined by his own submission to his will. However, this undermines the good of God himself, his nature. Having a will that arbitrarily legislates things as universally good seems more like the profile of a tyrant rather than a
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