Ottawa ECO 2121 – ECONOMICS OF GLOBALIZATION

ECO 2121 B: ECONOMICS OF GLOBALIZATIONWinter 201723 January 2017Assignment must be typed. Label axes clearly. Write the title of the chart/graphs. Don’t show thedata work that are not part of the answer. Only graphs and tables that answer the questionshould be included. Mention the source of data underneath each graph and table.Whenever required, write short answers.Assignment is due on 6th of February! Each graph or table is worth 10 points. The late penaltyfor overdue assignment is 10% of the grade each day. No labeling or labeling wrongly will costyou points.1. Using GDP in purchasing power parity (PPP) in 2015 show with bar graphs which countriesare larger than Canada (use value in trillions while making your graph). 2. Based on value of trade on goods and services for 2015, show which countries are largerglobal exporters and importers than Canada (two set of bar graphs, one each for exportersand importers, are needed)? 3. Show in graph the trade-orientation—measured by the percentage (share) of trade (exportplus imports) in GDP—for these groups of countries (in question 2) in 2015. Do you see anyrelationship between the size of the countries and their trade orientation? 4. Chart the shares of services trade in total trade and GDP for the world for the last decade(two lines in a graph). What does the gap between two lines tell? 5. How has the shares of global goods export and global goods import changed for developed,developing countries and Brazil, Russia, India and China (BRIC) as a group for the last twodecades (each chart with three lines, need one chart each for exports and imports). Note thatdeveloping countries lines should not include BRIC countries. 6. Calculate the compound annual growth rates of goods exports and GDP of developed,developing countries, Canada and BRIC for two periods 2005-2015 (just use end years datato calculate the growth. What do this numbers tell about globalization vs. national economicgrowth rates for these groups? 7. Which are the largest foreign direct investment flow sending and receiving countries in2015—take Canada as the last country in both graphs (two graphs, one for inward flow andthe other for outward flow)? 8. Rank G7 countries in terms of inward and outward FDI stock orientation—the share of FDIstocks in GDP (two graphs one for inward FDI and the other for outward FDI). 9. Chart the share of current account in GDP for G7 and BRIC countries (individually) in the latest year of data. What is going on in financial account for each of two groups ofcountries? Explain both using equation and intuitively?Most of these data can be downloaded from UNCTAD database. You can also check WorldBank’s World Development Index data, especially for GDP in PPP and current account.