Return to Eastwood's ECO486 Home Page Suggested answers
1. Explain why neighboring countries tend to trade extensively with each other.
2. Use the information in text Tables 1.4 and 1.5 and your knowledge of the Mexican economy to summarize and explain the trade pattern of Mexico.5. Compare the export ranking of the top ten leading exports of 1985 to the rankings of the top ten leading exports in 2003 (see Table 1.3). Discuss some of the reasons why these rankings have changed.
6. Use Tables 1.1 to find the five most open economies in 2004. How does the growth performance of these countries compare with the growth of the average country in the table?
9. According to Figure 1.2 the EU is a major customer of exports from Africa and the Middle East. What types of products do you think these areas produce for export, and why do you think the EU is their best customer?