As seen during the financial crisis of the 1930s and in recent history, markets are globally interconnected. Aside from financial markets, different countries have different resources. Choose a country other than the country in which you currently reside which has not already been selected by another student, and research the EIU country data. Based on absolute advantage and comparative advantage, explain the effect of global economic conditions on the choices available to that country. Include the current exchange rate of the country’s monetary unit.

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Lets choose Japan for this analysis Japan has a strong presence in the global economy particularly in industries such as automotive manufacturing elec... View the full answer