International Trade
I'll Take Four of Those in Blue
International trade is a fundamental tool in building a healthy economy. This does not mean that nations should open their economic borders in an indiscriminate way, for unfettered trade is not in the interest of any particular nation. Rather, there are worse and better combinations of free trade, tariffs, and protectionism for any given national economy at any given moment in time. This trade simulation proposes a set of conditions for international trade that are in the best interest of the nation of Rodamia, as proposed by the trade representative of the country.
Rodamia's economy is based primarily on the service industry, with two-thirds of the nation's income from this sector, almost a third from industry, and just four percent from agriculture. This is a problematic profile in that arguably the most important function of any national economy is to provide food for the citizens of that nation. Rodamia will have to import some of its food.
In the simulation, as the trade representative for the small country of Rodamia, being able to understand the country's economy and making decisions-based to help the economic was difficult without first understanding how the country's GDP broke down. A large portion of the country's GDP came from services at 66% and 30% came from the industry and a small portion at 4% came from agriculture, which consisted mainly of corn, wheat, cotton, dairy and poultry products. In the simulation, there are four points in which a decision has to be made that can either help or hurt the economy.
Its neighbors are likely partners in international trade. This is universally true. Neighboring nations...
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