Question 1 - ICT trade and application of theories

a. Collect data on exports and imports of ICT (Information and Communication Technology) goods: Korea, Malaysia and Vietnam. Data should include: exports, imports, total exports and imports, trade balance, and intra-industry trade index (you can calculate the Grubel-Lloyd index) during the period 1990 - now.

b. Which country has experienced the highest increase in the ICT trade flows? Compare and contrast between countries in the group

c. Explain the growth of ICT trade in Vietnam based on trade theories learnt. Your discussion should include these theories:

i. Hecksher - Ohlin

ii. Increasing Returns to Scale and intra industry trade

iii. Offshoring

Discuss which theory/theories explain(s) the pattern of trade the best and which one(s) might not fit. Which countries are top ICT exporters into Vietnam and top importers from Vietnam Does this fit with the theories learnt?