international economics research essay

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For the essay, use Australia as a case study, and choose (at least) one of its top 5 major trading partners. Using country-specific trade statistics to demonstrate and describe the general pattern of trade experienced by your chosen economy in thelast 20or so years with Australia. Access whether this economy has become more or less integrated with Australia in terms of trade in goods and services, and discuss some possible reasons for your observed trend. Evaluate Australia’s terms of trade and composition of trade in these countries. Do you see significant changes in terms of trade with the country you have chosen? Can you giveevidence of the impact of the terms of trade on the economy of Australia?