Prepare a 12- to 16-slide presentation for the two economies assigned to your team.
Team C: South Korea vs North Korea (Two polar economic opposites, one people)
Research each economy assigned to your Team. Compare similarities and differences between your assigned countries/economies and how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.
Use tables and/or graphs to support your analysis of the following economic statistics/indicators of your two assigned economies through the most recent year available since 2009 (the trough of the last economic cycle). Whenever possible, plot the metric for both economies on the same chart.
GDP per capita growth over time
Inflation rate over time
Evaluate the reasons why the economic growth of the two 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. For example, Boeing and Airbus airliners, Apple iPad and iPhone production, and North American integrated auto and light truck manufacturing.
Examine at least two industries that have provided each economy a comparative advantage in world trade.
Cite at least four academically credible sources.
Format your citations according to APA guidelines.
Exchange Across International Borders
Board of Governors of the Federal Reserve System
CIA World Factbook
European Central Bank
International Monetary Fund
NAFTAs Economic Impact
OECD Data – Unemployment Rate
World Bank Open Data
World Trade Organization 2019 Annual Report