Examine how exports, imports, the balance of payments, and capital flows impact individual national economics and global economics.
GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English.
GEL-6.05: Adapt research skills to discover and sort relevant sources to complete tasks.
PC-4.1: Assess the value of multiculturalism and diversity in a global environment.
This assessment deals with international macroeconomics and the importance of cultural diversity. This is a two-part assessment consisting of research skills to identify relevant information, and your analysis based on the information you located.
In this assessment, you will choose an economically advanced country and a developing country, and will assume the role as an assistant researcher who is tasked with conducting a detailed study of how the different international trade situations and the differing cultural diversity produces the observable disparities between these two countries.
Your research must be detailed and presented in a minimum of a 4-page research paper.
The first half of your paper will describe, how you determined what data to collect, the sources of that data, how you sorted that data, the time periods that the data describes, and how you chose to analyze the data.
The second half of your paper will focus on your resulting conclusions regarding the differences between the two countries you chose. In addition, include your analysis of the cultural, social, and political diversity between these two cultures, and how these differences contribute to the economic differences you found based on specific evidence from the data you collected.
Using World Bank data, conduct research to determine how economically different the two countries, that you chose, are by examining and comparing economic and social indicators, such as the following, for the year 2015. Include the data that you collected as an appendix to your final report.
GDP (constant 2010 US$)
GDP per capita (constant 2010 US$)
Exports of goods and services (constant 2010 US$)
Imports of goods and services (constant 2010 US$)
External balance on goods and services (current US$)
External balance on goods and services (% of GDP)
Population, female (% of total population)
Population, male (% of total population)
Rural population (% of total population)
Urban population (% of total population)