International Trade and Government Intervention
Not what you're looking for?
1. The port of Mombassa is the only international port in Kenya. In fact the Port of Mombassa not only serves Kenya but is also the main gateway to the Eastern African hinterland countries of Uganda, Rwanda, Burundi, the Democratic Republic of Congo and Southern Sudan.
Using your knowledge of economy theory, examine the market structure of international ports in East Africa and the implications for the welfare of importers and exporters in that region.
2. To what extent can government fine tune the macroeconomy?
Assessment Criteria
In order to pass this assignment, you must meet the following assessment criteria:
You must address the questions.
You must demonstrate a basic understanding of the relevant economic theory.
You must include at least one relevant diagram in each essay.
Some sources must be referenced in the text of each essay, together with a bibliography at the end.
Purchase this Solution
Solution Summary
Assistance regarding international trade and government intervention in the economy.
Solution Preview
This assignment may seem intimidating, but if you focus on the importance of international trade, you will see that you can handle it. I will get you started on this assignment; however per BrainMass policy you are responsible for completing it yourself.
In the first paragraph of your essay, I suggest you focus on the role ports play in international trade. Ports have always been vital factors in the economic performance of a region, so this shouldn't be difficult. Ports also generate jobs in the local community surrounding the port. For most countries, international trade is a significant portion of their GDP. You should do some research on how important international trade is to these African nations. You can probably find some useful information in the World Fact Book: https://www.cia.gov/cia/publications/factbook/index.html
Once you have established the importance of international trade for these countries, you can look at different economic models to see how the bottleneck created by this one port can impact things. You should focus on models you've used in class. I will mention several here, though, as I don't know which ones your instructor has emphasized.
The Ricardian model focuses on comparative advantage, which is ...
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.