Question

Discuss the trend and pattern of international trade of TWO (2) emerging countries (e.g. India and South Korea).
Compare with that of ONE (1) developed country (e.g. Denmark).
Discuss how the theories of international trade would influence international trade development of the discussed countries.

Answer 1

Answer

• The International trade and the economic relations between th India and the South korea have a achieved a momentum in pst few years .They both had annual bilateral kind of trade to reach about a total of $21.5 billion dollars in the eyar 2018 whihc is far above than $20 billion dollars which is recorded for the first time . In the financial year 2019 , the bilateral trade recordded 19.05$ billion dollar. There is an agreement between two countries called as BILATERAL COMPREHENSIVE ECONOMIC COOPERATION AGREEMENT ( CEPA) , which was established in the eyar 2010 , has held the International trade both ways .
• In the year 2018 , the South koreas total investment in India has crossed about $1 billion dollar recorded for the first time as bilateral trade . And with this south korea total FDI inIndia in 2019 get upto $6.3 billion dollars . From Indian side to South korea , the invetement of about $3 billion dollar is done by big companies like Novlis, Ssangyong , and Tata Dewoo
• The International trade and economic relation bewteen any country depends on their diplomatic relationship and foreign policies which is played by the Officials and chairs of countries .  In 2015 after the visit of Indian Prime Minister to south korea , both countries decided to ammned the Agreement whihc is CEPA , and to make them stronger their cooperation on Ship building industries , Elecronics market , Energy Industries ,Establishment of wroking groups for these sectos .Also in India South korea provided about $10 billion dollars amount for financing to India for different Infrastructure projects.
• South korea has achieved transforming progress in recent decades , especially its economic in export led powerhouse. The GDP of south korea has crossed about $ 1 trillion dollars from when it was $ 2.4 billion dollars in the yers 1960s . .The GDP of south korea was highest in 2017 as was 12th largest in the world . South korea is now biggesr coming in 5th biggest exporter in the whole world and 9th largest importer by the studies of 2017 .The largest shipbuilding Industry is in south korea also with this it is among top of the producers of electronic product and semiconductors . In terms of vehicle , South korea is producing about four qand half million vehicles annually . The Indian GDP has drastically decreased by the year 2015 , most of the International shares has fallen down due to the mismanagemnt and corruption in India . The India is still in progress of increasing its export and import by making changes in International trade as by producing its own products