Assess the patterns of inward and outward FDI for the country.

The brief for this assessment is as follows:
Write an individual report based on the tasks above. The report should be 2500 words in length and should provide a comprehensive assessment of the country – AUSTRALIA.
1. Analyse the trade relations of your country of choice with other economies. With reference to one or more theories of trade explain the patterns of trade you identify from an economic perspective.
2. Assess the patterns of inward and outward FDI for the country. With reference to one or more theories of FDI explain the observable trends and comment on their effect on the country of your choice.
3. Comment on how the countrys overall position in the global economy is likely to change in the light of recent developments regarding Covid-19.

This Assignment was developed to assess the following Learning Outcomes:
To combine knowledge with understanding to make comparisons between alternative theories of trade and FDI, and their merits and demerits as explanations why countries specialise in particular industries and products
To explain and discuss the major effects of inward and outward foreign direct investment (FDI) on both home and host countries, distinguishing between developed and developing countries
To contrast assessment of empirical evidence in supporting or contradicting the predictions hypotheses against theoretical models to engage in abstract reasoning and deductive analysis of events, their causes and effect
To collect and assemble relevant factual and statistical information from alternative sources in order to analyse and evaluate patterns of multinational expansion activity and trends in global trade

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