MKT 505 WEEK 2 DISCUSSION - 85173

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Discussion board 2-1. Bureau of Economic Analysis. Please respond to the following: 1. Research a country. One possible website is www.cia.gov(click on country fact books) Examine the balance of trade in goods and services, and discuss the overall results of your search. 2. Compare the fundamental differences between total exports versus total imports of the country. Discuss the results. 3. Speculate on the reasons for the imbalance between the total exports and the total imports Discussion board 2-2. Global Business Today. Please respond to the fallowing: Use the nation you wrote about in discussion board one . Imagine this scenario: You are going to be sent on an international assignment for three years to that nation. 1. What would you expect from your employer to help you prepare for the assignment? 2. What could you do to prepare yourself and your family for the overseas assignment? NOTE: MORE THAN ONE ANSWER POSTED FOR EACH QUESTIONS AS A BONUS JUST CHOOSE ONE
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DISCUSSION 1

 

The country that I chose to research is the African country of Ghana.  This country is very rich in natural resources. However, there seem to be a paradox in the balance of trade arena.  Its natural resources consists of oil, aluminum, gold, cocoa, timber, etc., yet Ghana imports almost double what they export. The balance of trade is not balanced at all, which, leads Ghana to have a huge economic deficit.

The fundamental difference between the total number of imports and the total number of exports are the types of commodoties that are being imported and exported.  Ghana exports those items that are used in the manufacturing of other products, such as: gold, oil, diamonds, & buxite.  To the contrary, the country imports items that are manufasctured goods, such as: capital equiptment, refined petroleum, and foodstuff. This is a indication that there is not much manufacturing in the country of Ghana. I believe that this is the reason for the high unemployment rate and poor living conditions.

I speculate that the reason for this imbalance is that Ghana is a developing country that is plagued with high unemployment and political corruption.  Ironically. it sounds like America! Additionally, I believe that there is too much outside control of Ghana's natural resources.  

OR

1, Research a country. One possible website is www.cia.gov (click on country fact books) examine the balance of trade of goods and services, and discuss the overall results of your research.

The country Ichose to research was the African country of Ghana. This country is very rich in natural resources. However, there seem to be a paradox in the balance of trade arena. Its natural resources consist of oil, aluminum, gold, cocoa, timber, etc., yet, Ghana imports almost double what it exports. The balance of trade is not balanced at all, which, leads Ghana to have a huge economic deficit.

Compare the fundamental differences between total exports versus total imports. discuss the results.

The fundamental difference between the total number of exports and the total number of imports are the types of commodities that are being imported and exported. Ghana exports those items that are used in the manufacturing of other products, such as: gold, diamond, oil, & buxite. To the contrary, the country imports items that are manufactured goods, such as: capital equiptment, refined petroleum, and foodstuff. This is an indication that there is not much manufacturing going on in the country of Ghana. I believe thst this is the reason for the high unemployment rates and the poor living conditions.

Speculate on the reasons for the imbalance between the total exports and the total imports.

I speculate that the reason for this imbalance is that Ghana is a developing country that is plaqued with high unemployment and political corruption. Irronically it sounds like America! Additionally, I believe that there is too much outside control of Ghana's natural resources.

Refe

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