GROUP ASSIGNMENT:
Title: Analyzing the Implications of a Trade Agreement on a Country's Economy
Objective: The objective of this assignment is to analyze the implications of a trade agreement on a
country's economy. Students will be required to work in groups to select a trade agreement and a country
that is a party to the agreement, and to conduct a comprehensive analysis of the economic implications of
the agreement on the country's economy.
Instructions:
1. Select a trade agreement: Each group must select a trade agreement that has been signed between
two or more countries. Some examples of trade agreements include the North American Free
Trade Agreement (NAFTA), the Trans-Pacific Partnership (TPP), and the European Union (EU)
trade agreements.
2. Select a country: Each group must select a country that is a party to the selected trade agreement.
The country should be a significant trading partner of at least one of the other countries that are
party to the agreement. Example: in NAFTA, select Mexico to be the subject of your
comprehensive analysis.
3. Conduct a comprehensive analysis: The group should analyze the economic implications of the
trade agreement on the selected country's economy. The analysis should include the following:
a. Provide an overview of this trade agreement i.e. brief history, who are the partners /
members, purpose of the trade agreement
b. The trade flows between the selected country and the other countries that are party to the
agreement.
c. The effects of the agreement on the selected country's trade balance, GDP, employment,
and other economic indicators.
d. The impact of the agreement on the selected country's domestic industries, including both
import-competing and export industries.
e. The effects of the agreement on the selected country's consumers, including changes in
prices and the availability of goods and services.
f. The effects of the agreement on the selected country's society, in general including
impact on culture, environment, legal and governmental policies.

 the country is norway and the trade agreement is european free trade association

Answer rating: 100% (QA)

Analyzing the Implications of the European Free Trade Association EFTA on Norways Economy 1 Overview of the European Free Trade Association EFTA Brief ... View the full answer