Activity 1.

10 marks (5 + 5)

Analyse the degree of integration of your selected country to the world economy.In this point, you will need to download trade data for your selected country, plus annual GDP at current US$.

1. (5 marks) Generate a tablewhere you include annual exports, imports, GDP and your country's openness to trade. Also include in your table the yearly change of your country's openness to trade. Depict your country's openness to trade values over time using a line diagram.

Trade openness is computed using the following formula:

Exports, + Imports Trade Openness GDP.J14 X v fx A B C D E F G H K M Nomenclat ReporterIS ProductCo ReporterN PartnerISO PartnerNar Year TradeFlow TradeFlow TradeValue in 1000 USD 2 $1 CHN Total China WLD World 2019 Export 6 2.5E+09 3 S1 CHN Total China WLD World 2019 Import 5 1.91E+09 4 S1 CHN Total China WLD World 2020 Export 6 2.59E+09 5 S1 CHN Total China WLD World 2020 Import 5 1.93E+09 6 S1 CHN Total China WLD World 2021 Export 6 3.36E+09 7 S1 CHN Total China WLD World 2021 Import 5 2.48E+09 8 9 10 11 12GDP (current US$) World Bank national accounts data, and OECD National Accounts data files. Line Bar Map