Case Assignment/Presentation (deadline-January 31,2018) Case Assignment#1 Compar

Question

Case Assignment/Presentation (deadline-January 31,2018) Case Assignment#1 Comparative Advantage. Trade Arrangements/Disputes 1. Please, work on this assignment together with your group members. 2. Each group is requ ired to submit answers to the following questions by the specified deadline or present the case during the class (2 groups). Only one tte has to be submitted, and the total length should not exceed 2 pages. Questions 1. In the context of the Group Paper on trade/financial relationships between at least 2 countries your group's task is to select countries you will be examining and briefly explain why they present an interesting case study 2. Please, explain the intuitive aspects of comparative advantages of the countries you are considering (specific goods/services/industries)! Do you find evidence that high-value added goods/activities are also the key exports to your selected countries? Why or why not? What is the relationship between your selected countries n terms of international trade arrangements free trade, customs union, specific treaties? Are there any specific trade disputes between the countries that you would like to highlight (past, present or future)?

Explanation / Answer

1) Select international trade relation between India and China , china imports highly into indian market signing trade agreement since 1984 . Mainly items like iron steel plastic chemicals and cotton is exported from india into china. China exports more resource based items that are heavy based on technology and infrastructure.

2)This clearly shows how china leverages comparative advantage of exporting technology advanced commodities into areas like biotechnology,health , education finances , machinery, equipment,cement, nuclear reactor which means they use advantage of resources and technology to leverage trade by making India dependent on such resources for their growth and development.

3)India china trade relations have grown since 2006 converting into bilateral trade so that they could grow further which has been growing constantly. China also makes use of cheap labor present in indian economy , service sector is growing immensely , FDI is boosting from china in 2016-17 india recieved about 278 million worth of investment which is highly diversified between automobile , metallury , electricity and industrial sector

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