The paper "General Pattern of Trade of US and Brazil over the Past 50 Years" is an outstanding example of coursework on macro and microeconomics. This paper analyses the trade activities of the United States, a developed country according to the Central Intelligence Agency (CIA), as well as Brazil a developing country over the past 50 years. Of interest is each country’ s dependency on international trade and reasons for the trend inferred. The paper also explores each country’ s post-global Financial Crisis years seeking to find what each country’ s response has been to the world economic crisis.
Lastly, the paper gives an opinion of each country’ s future economic prospects based on each country’ s approach to international trade at the present. According to the CIA, Brazil has been classified as a developing country while it classifies the United States as a developed country (2014). Brazil’ s Trade Statics to infer its pattern of trade for the past 50 years (OECD iLibrary, 2013). Demonstration Brazil’ s Trade Statistics Trade Imports of goods and services % of GDP . . . . . . . . . . . . . . . . Exports of goods and services % of GDP . . . . . . . . . . . . . . . . Goods trade balance: exports minus imports of goods Bln USD 44.9 46.5 40.0 24.7 25.3 16.9 29.8 . . Imports of goods Bln USD 73.6 91.3 120.6 173.2 127.6 180.5 226.2 . . Exports of goods Bln USD 118.5 137.8 160.6 197.9 153.0 197.4 256.0 . . Service trade balance: exports minus imports of services Bln USD -8.3 -9.6 -13.2 -16.7 -19.2 -30.8 -38.0 . . Imports of services Bln USD 24.4 29.1 37.2 47.1 47.0 62.4 76.2 . . Exports of services Bln USD 16.0 19.5 24.0 30.5 27.7 31.6 38.2 . . Current account balance of payments % of GDP 1.6 1.2 0.2 -1.7 -1.4 -2.2 -2.1 According to the above statistics, Brazil has a positive goods trade balance over the years.
This shows that Brazil’ s exports of goods exceed imports of goods. Brazil also exhibits a negative service trade balance over the years. This shows that Brazil’ s imports of services exceed the exports of services. Brazil also exhibits a negative current account balance over the years.
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