Requirements Must be 2022 data
• Briefly describe the country Chile in terms of geographic location, political affiliations (EU, AU, etc.), economic affiliation (Eurozone, Eastern Caribbean Currency Union, etc) population, size of GDP, the various economic sectors (agriculture, industrial, services, etc), natural resources, and per capita income.
• You can use the World Bank to choose your country and get the initial data. Make sure you choose a country where you can easily get data. Lots of emerging economies and developing economies tend to have missing data! Follow this link: https://www.worldbank.org/
• Indicate major exporting and importing sectors in the country Chile. Discuss your theory by using the trade theories: The Ricardian Model (comparative advantage), The Specific Factors Model, The Heckscher-Ohlin Model, and The Stolper-Samuelson Theorem.
If need more to write Answer: What about trade policies? Does Chile have any tariff and quota system? Describe and explain. What goods have tariffs placed on them the most? How have the trade policies affected the growth and development of domestic industries?
• Go to the “World Development Indicators” dataset of the World Bank. Here is the link: https://databank.worldbank.org/reports.aspx?source=world-development-indicators
