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ECON 210 An Analysis of China's Economic Growth and Macroeconomic Policies in Recent Years

This assignment explores China's economic growth and its macroeconomic policies, examining recent trends and their global impact.

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An Analysis of China's Economic Growth and Macroeconomic Policies in RecentYearsECON210Phase4DBChoose a developing country, and discuss its economic growth in the last 2–3years. Include the following information:•Identify its growth inoutput per capita and in population growth.•Is it an open or closed economy?•Identify its comparative advantage and whether it is involved in trade.•Identify the country's type of economy—how its economy is a market,command, or mixed economy.•Is the country's foreign exchange overvalued or undervalued? Has the centralbank intervened in the foreign exchange market on behalf of the country'scurrency valuation?•Using the information you gathered, discuss whether you believe the country ison a good course of economic growth and whether the macroeconomic policiesare helping achieve this growth.Identifyitsgrowthinoutputpercapitaandinpopulationgrowth.AccordingtoTheWorldBank,Chinahasapopulationof1.3billionpeople.ItsGDPgrowthaverageisapproximately10%ayear.Isitanopenorclosedeconomy?TheeconomyinChinaisopen.TheyexportandimportanumberofdifferentitemstotheUnitedStatesandothercountriesdaily.Identifyitscomparativeadvantageandwhetheritisinvolvedintrade.China’smaincomparativeadvantageismainlyinlabor-intensivemanufacturedgoods.Chinahassomanycountriesthatitcantradewith,larger/heavieritemsthatChinamakesaresenttocloseborderingcountrieswhilethesmaller/lighteritemsaresentallovertheworld.Identifythecountry'stypeofeconomy—howitseconomyisamarket,command,ormixedeconomy.

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Document Details

University
Ashford University
Course
ECON 210
Subject
Economics

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