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.
Dylan Price
Contributor
4.6
46
about 1 month ago
Preview (2 of 3)
Sign in to access the full document!
An Analysis of China's Economic Growth and Macroeconomic Policies in Recent
Years
ECON 210 Phase 4 DB
Choose a developing country, and discuss its economic growth in the last 2–3
years. Include the following information:
• Identify its growth in output 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 central
bank intervened in the foreign exchange market on behalf of the country's
currency valuation?
• Using the information you gathered, discuss whether you believe the country is
on a good course of economic growth and whether the macroeconomic policies
are helping achieve this growth.
Identify its growth in output per capita and in population growth.
According to The World Bank, China has a population of 1.3 billion people.
Its GDP growth average is approximately 10% a year.
Is it an open or closed economy?
The economy in China is open. They export and import a number of different
items to the United States and other countries daily.
Identify its comparative advantage and whether it is involved in trade.
China’s main comparative advantage is mainly in labor-intensive
manufactured goods. China has so many countries that it can trade with,
larger/heavier items that China makes are sent to close bordering countries
while the smaller/lighter items are sent all over the world.
Identify the country's type of economy—how its economy is a market,
command, or mixed economy.
Years
ECON 210 Phase 4 DB
Choose a developing country, and discuss its economic growth in the last 2–3
years. Include the following information:
• Identify its growth in output 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 central
bank intervened in the foreign exchange market on behalf of the country's
currency valuation?
• Using the information you gathered, discuss whether you believe the country is
on a good course of economic growth and whether the macroeconomic policies
are helping achieve this growth.
Identify its growth in output per capita and in population growth.
According to The World Bank, China has a population of 1.3 billion people.
Its GDP growth average is approximately 10% a year.
Is it an open or closed economy?
The economy in China is open. They export and import a number of different
items to the United States and other countries daily.
Identify its comparative advantage and whether it is involved in trade.
China’s main comparative advantage is mainly in labor-intensive
manufactured goods. China has so many countries that it can trade with,
larger/heavier items that China makes are sent to close bordering countries
while the smaller/lighter items are sent all over the world.
Identify the country's type of economy—how its economy is a market,
command, or mixed economy.
Preview Mode
Sign in to access the full document!
100%
Study Now!
XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat
Document Details
University
Ashford University
Subject
Economics