Contemporary Issues In Trade And Development

http://dfat.gov.au/about-us/publications/Pages/trade-statistical-pivot-tables.aspx
a. From this table, get the Grand total of Exports and Imports for each of the FIVE COUNTRIES identified in Q1 for each of these three sectors separately, (i) Agriculture, forestry & fisheries, (ii) Minerals & fuels and (iii) Manufactures. Present these data in appropriate Tables clearly identifying the country names and sectors.
b. Graph the above data separately for each country for exports and imports. Do you think that the Australian exports and imports for the country/products you have chosen support the predictions of the Heckscher-Ohlin theorem? Explain why or why not?
c. Explain if Australia should concentrate on exporting some specific sector products or not. Give reasons for your answers based on the concepts or theories we have learnt in this unit. What strategies should Australia adopt to increase the volume of trade in your identified sectors?

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