You are a group of advisors working in the Department of Trade and Foreign Affairs in
Australia. As advisors you are required to write a report covering the following topics,
based on the past 5 years, in which you compare two countries. Each group must choose
two countries (not including Australia). This report should provide useful information for
the Department of Trade and Foreign Affairs for appropriate strategic decision making for
Australia and multinational enterprises in the country. The report should use a variety of
resources, including the textbook, newspapers, industry reports, the ABS website, and
other sources.
2. Terms of Trade
? Choose any two countries from the list of countries listed in Annex
1. For each country, analyse its terms-of-trade trend over the last 10
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years using relevant facts/figures
? Identify and analyse factors affecting the trend in the terms-of-trade for
each of the chosencountries
? Analyse how the terms-of-trade affect welfare in the chosen countries
? Advise the Minister on any benefits from these countries to Australia