Assume that you are an economic consultant hired by an international organization/government to provide your expert advice on conditions pertaining to international trade in Italy and Sweden.

Your analyses involve two dimensions. Firstly, you need to analyse the data on international trade. Secondly, you need to perform a technical analysis by considering a hypothetical trading environment based on Ricardian model.

I. Data Analysis

For data analysis on international trade, first, you are required to obtain data from the World Bank (see the link below). Notice that World Bank regularly updates its database; therefore it is crucial to obtain all data as soon as possible. The data range is from 2003 to 2015.

You need to obtain the country-level data for Italy and Sweden on:

i. Imports of goods and services (in current US$) ii. Exports of goods and services (in current US$) iii. GDP (in current US$) iv. GDP per capita (in current US$) v. GINI Index (World Bank estimate)

World Bank - http://databank.worldbank.org/data/reports.aspx?source=worlddevelopment-indicators

036 A B C D E F G H K L M N P Q R 1 Country N Country Code Series Name Series Code 2003 [YRZ 2004 [YRZ 2005 [YRZ 2006 [YR2 2007 [YRZ 2008 [YRZ 2009 [YR2 2010 [YRZ 2011 [YR2 2012 [YR: 2013 [YRZ 2014 [YR: 2015 [YR2015] 2 Sweden SWE GDP (current US$] NY.GDP.MKTP.CD 3.30+11 3.96+11 3.9E+11 4.20+11 4.90+11 5.20+11 4.4[+11 SE+11 5.70+11 5.50+11 5.90+11 580+11 5.16+11 3 Swed en SWE GDP per capita (current US$) |NY.GDP.PCAP.CD 373218 42821.7 43437.1 46593.6 53700 56152.6 46947 52869 607558 580378 61126.9 60020.4 51545.5 4 Sweden SWE Gini index (World Bank estima SI.POV.GINI 25.3 26.1 26.8 26.4 27.1 28.1 27.3 27.7 27.6 27.6 28.8 28.4 29.2 5 Sweden SWE Exports of goods and services NE.EXP.GNFS.CD 1.36+11 1.GE+11 1.86+11 26+11 2.36+11 2.56+11 1.96+11 2.26+11 2.GE+11 2.56+11 2.56+11 2.56+11 2.26+11 6 Sweden SWE Imports of goods and services NE.IMP.GNFS.CO 1.26+11 146+11 1.56+11 1.76+11 2E+11 2.36+11 1.76+11 20+11 2.36+11 2.26+11 2.26+11 2.36+11 2E+11 italy ITA GDP (current US$] NY.GDP.MKTP.CD 1.GE+12 1 86+12 1.96+12 1.96+12 2.26+12 2.46+12 2.26+12 2.16+12 2.36+12 2.16+12 2.16+12 2.26+12 1.86+12 8 Italy ITA GDP per capita (current US$) |NY.GDP.PCAP.CD 27465.7 31259.7 32043.1 33501.7 37822.7 407783 370798 36000.5 38599.1 35053.5 35550 35518.4 30230.2 9 Italy ITA Gini index (World Bank estima SI.POV.GINI 34.9 34.3 33.8 33.7 32.9 33.8 33.8 34.7 35.1 35.2 34.9 34.7 35.4 10 Italy ITA Exports of goods and services NE.EXP.GNFS.CD 3.7E+11 4.36+11 4.60+11 5.16+11 GE+11 64E+11 4.90+11 540+11 6.26+11 590+11 6.10+11 636+11 5.56+11 11 Italy ITA Imports of goods and services NE.IMP.GNFS.CD 3.GE+11 4.26+11 4.60+11 530+11 6.16+11 6.60+11 5E+11 5.76+11 6.56+11 5.76+11 5.60+11 5.76+11 4.96+11 12 13 14 15 Data from database: World Development Indicators 16 Last Updated: 10/15/2020 17 18 19