From the WTO website, go HERE. Select your country. Then from this page, start to collect some basic information:
Analysis:
• Which are Brazil’s main RTAs? Who are the other members?
• Which are Brazil’s main PTAs? With which countries are the main ones?
• What engagement has your country had with trade disputes under the DSP? This list includes involvement as a Third Party.
• What, overall, does Brazil Tariff Profile’ look like? (Link on the LHS of the page).
Time Series Trade Data from 2000 – World Bank World Development Indicators database: https://data.worldbank.org/
- Trade Openness – Collect “Trade (% of GDP data)
- Economic Structure – Collect “Agriculture, Forestry and Fishing, value added (% of GDP)” , “Industry (including construction), value added (% of GDP)” , “Manufacturing, value added (% of GDP)” , “Services, value added (% of GDP)”
Analysis: Think about how and why Brazil economic structure in terms of sectors have changed over time from 2000.
- Analyse the relationship between industry and manufacturing sector. What does the data tell us about Brazil’s economy
- Terms of Trade – Collect
For the Commodity, or Net Barter, Terms of Trade: https://data.worldbank.org/indicator/TT.PRI.MRCH.XD.WD
Scroll down to find the data for your country.
For Exports as a Capacity to Import (aka Income Terms of Trade): https://data.worldbank.org/indicator/NY.EXP.CAPM.KN
Overall Analysis
- Use these three IMF working paper to support and provide more in-depth economic analysis.
- Use Brazil Trade policy report on World Trade Organisation
- https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Commodity‐Terms‐of‐Trade‐TheHistory‐of‐Booms‐and‐Busts‐23307
- https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Do‐Unit‐Value‐Export‐Import‐andTerms‐of‐Trade‐Indices‐Represent‐or‐Misrepresent‐Price‐20943
- https://www.imf.org/en/Publications/WP/Issues/2017/02/13/Terms‐of‐Trade‐Cycles‐and‐External‐Adjustment‐44655
Key literature for Trade Section
- Grancay, M., Grancay, N. and Dudas, T. (2015) What you Export Matters: does it really? Contemporary Economics, 9, 233-244.
- Martin, W. (2019) Economic Growth, Convergence, and Agricultural Economics. Agricultural Economics. Available at: https://onlinelibrary.wiley.com/doi/pdf/10.1111/agec.12528
- Roch, F. (2019) The Adjustment to Commodity Prices Shocks. Journal of Applied Economics, 22, 437-467.