Holmes Institute HI5016: Small Countries Trade and GDP Analysis

This report examines the intricate relationship between population size, GDP, and trade, focusing on the advantages and impacts experienced by small countries. The presentation highlights how small countries like Singapore, New Zealand, and Puerto Rico leverage their unique characteristics to engage in international trade, boost their GDP, and improve living standards. The report explores how these nations, despite their limited populations, successfully navigate the global market by forming strategic alliances, specializing in specific industries like manufacturing, tourism, and agriculture, and establishing favorable trade agreements. It also discusses how these countries are able to overcome challenges like internal demand and competition with larger economies. The report emphasizes the interconnectedness of population, GDP, and trade, providing insights into how these elements influence each other in the context of small countries, and how they contribute to economic prosperity. The report concludes by summarizing the key findings and the importance of these factors in shaping the economic landscape of small nations.

*Trade in small
countries

*Introduction
*The purpose of this presentation is the
highlight the role and impact of small
population of the GDP of the country and
how it benefits the trade activities in the
environment. Population, GDP and trade
all the three components are
interconnected and greatly affect each
other as well. More details are discussed
in below mentioned slides.

* Role of Small Countries
in Trade and GDP
*Increasing population in the country, make
the country to consume resources for the
country itself which in turn results in
degrading GDP of the country.
*Small countries tie up with large scale
countries in the environment to support the
trade activities in the environment (Burke,
and Csereklyei 2016).
*Small countries have adequate population in
the environment like Qatar, Iceland etc.

*Cont.
*Similarly, it should also be noted that
small countries with low population get
the advantage to trade their good and
services with other countries as they
successfully get to fulfil internal demand
and then rush to fulfil the demand of
neighbouring countries as well.
*This aspect increases prosperity for small
countries (Salas-Olmedo, García-Alonso,
and Gutiérrez 2016).

* Evaluation of Countries
with Industries
Singapore – Manufacturing and Tourism Industry
*The country Singapore aimed to organize its
actions in the worldwide market by contracting
with neighboring countries which subsequently
increased the level of trade in the market.
*Singapore country aimed to increase the level
of internal regulations so as to monitor the
activities of the country that helps them to
significantly trade without facing corruption in
the environment (Chandran 2018).

*Cont.
*There are two countries of Singapore that
increases its profitability in the
environment as the country gets the
advantage to sustain the functions beside
large scale countries like London etc. due
to which they share technology and
provide tourism as well as manufacturing
services in the environment. Tourism of
Singapore is extremely attractive
(Ridzuan, et. al., 2018).

* Puerto Rico –
Manufacturing Industry
*There are two countries of Singapore that
increases its profitability in the
environment as the country gets the
advantage to sustain the functions beside
large scale countries like London etc. due
to which they share technology and
provide tourism as well as manufacturing
services in the environment. Tourism of
Singapore is extremely attractive (Wagner
2017).

*Cont.
*The economy of Puerto Rico grows because
the country works under the hand of the
country US.
*Major rules are related to US norms to which
the country attain favoritism in the
environment and increase profitability as
well (Ready, Roussanov, and Ward 2017).
*The country also maintain good trade
relationship with all these countries having
large sale functions

* New Zealand –
Agriculture (export)
*New Zealand has resources that no other
country currently present has. So, the
country is one of the biggest exporters of
agricultural goods in the environment.
*The country is known for providing free
trade agreement in the environment. FTA
attracts the countries to make use the
nations resources and well qualified
(Donaubauer, Meyer, and Nunnenkamp
2016).

* Effect of countries on
standard of living
*The standard of the people present in
small countries obviously grow because of
the increasing level of profitability in the
environment.
*Small countries have less fighters present
in the race of profits so it provides them
advantage to immediately attain
competence in the environment (Cantore,
and Cheng 2018).

*Conclusion
*Thus, in the limelight of above mentioned
events, the fact should be noted that the
above mentioned paper represented
information about the impact of less
populated countries on their GDP.
Population, GDP and trade all the three
components are interconnected and
greatly affect each other as well

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