Expert answer:paper (600-1000 words)

Solved by verified expert: APA REFERENCE EXCELLENT GRAMMAR NO PLAGIARISM READ CAREFULLY THE FOLLOWING INSTRUCTIONS.Use sites provided and your own to review the related information about the country of your choice in Unit 1. COUNTRY USED IN UNIT1 WAS CHILE (document attached)In a 600-1,000-word paper, (1) Describe the current economic environment (country’s population, gross domestic product (GDP), GDP growth rate, and GDP per capita) and political environment (political structure and policy issues) of that country. (2) Identify all the favorable characteristics and barriers for DFI (Direct foreign investment) (3) Assess the country’s political risk and economic risk. The CIA’s homepage at http://www.odci.gov/index.html (Links to an external site.)Links to an external site. provides access to various national and international surveys, analyses, maps, and publications such as the World Factbook.The direct foreign investment in each country for a recent year is provided at http://www.worldbank.org/data/wdi2000/pdfs/tab6_7.pdf (Links to an external site.)Links to an external site..The environment for direct foreign investment in each country is provided at http://www.usatrade.gov/website/ccg.nsf (Links to an external site.)Links to an external site..Click on a specific country, and then click on Investment Climate.Direct foreign investment in specific countries can be assessed by reviewing websites focused on those countries. For example, conditions in China are described at http://www.chinaonline.com (Links to an external site.)Links to an external site.. Information related to DFI can be retrieved from the following website of the Michigan State University Center for International Business Education and Research: http://global.broad.msu.edu/ibc/ (Links to an external site.)Links to an external site..
mba507_hw_week_1.docx

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According to the theory of comparative advantage, developed by David Ricardo in 1817, a
country having the lower opportunity cost of production than another in producing a good should engage
in the production of that (Pettinger, 2017). Based on the comparative advantages in term of natural
resources endowment, technological expertise, labor availability etc., a country decides on production and
exporting (after meeting up local demand) of some goods, and importing of other goods (Gandolfo,
2014).
Chile is a trading partner of the United States. In 2016, total import, and total export of the USA
with the Chile were USD 8797002 (000), and USD 12921843 (000) respectively (United States Census
Bureau, 2017). Two important goods traded in between the United States and Chile are fruits and frozen
juices, and industrial machines.
Chile has a comparative advantage in fruits production (table grape, apple, plum, cherry, avocado,
raspberry etc.) and frozen juices processing (China Go Abroad, 2017). Mild Mediterranean-style climate
and natural phytosanitary protection provide Chile better environment of fruits production and frozen
juices processing. The opportunity cost of Chile is lower than that of the United States in fruits production
and frozen juices processing. This causes Chile to focus on specializing in fruits production and frozen
juices processing. The United States relies highly on the Chile in meeting its fruits and frozen juices
demand. Total import of the fruits and frozen juices of the United States from Chile over the last five
years (2012 – 2016) were USD 1518653 (000), USD 1856474 (000), USD 1889076 (000), USD 2003559
(000), and USD 2277148 (000) (United States Census Bureau, 2017).
The United States has a comparative advantage in the production of industrial machinery due to
high technological skill and expertise, innovative capacity, and efficiency in production (Noeth, 2017).
The opportunity cost of the United States is lower than that of the Chile in industrial machinery
production. This causes the United States to focus on specializing in industrial machinery production. The
United States after meeting of the industrial machinery of local demand exports surplus industrial
machinery to the rest of the world including Chile. Total export of the industrial machinery of the United
States to Chile over the last five years (2012 – 2016) were USD 363840 (000), USD 371681 (000), USD
393691 (000), USD 375189 (000), and USD 326698 (000) (United States Census Bureau, 2017).
References
China Go Abroad. (2017). Retrieved October 20, 2017, from Chile as a Fruit Producer:
http://www.chinagoabroad.com/en/commentary/chile-as-a-fruit-producer
Gandolfo, G. (2014). International Trade Theory and Policy. Verlag Berlin, Heidelberg: Springer.
Noeth, S. (2017, October 10). German- American Chamber of Commerce. Retrieved October 21, 2017,
from Machinery & Equipment in the USA:
http://www.gaccmidwest.org/en/industries/machinery-equipment/
Pettinger, T. (2017, August 28). Economics Help. Retrieved October 20, 2017, from Definition of
Comparative Advantage: https://www.economicshelp.org/blog/glossary/comparativeadvantage/
United States Census Bureau. (2017). Retrieved October 20, 2017, from U.S. Exports to Chile by 5-digit
End-Use Code: https://www.census.gov/foreigntrade/statistics/product/enduse/exports/c3370.html
United States Census Bureau. (2017). Retrieved October 20, 2017, from U.S. Imports from Chile by 5digit End-Use Code: https://www.census.gov/foreigntrade/statistics/product/enduse/imports/c3370.html
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