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Question 1 Refer to the website of Singapore Department of Statistics, external trade section at...

I need help in these qns and detailed answer in Microsoft Word.


(1) the number of words should not be more than 3,500 words (excluding references and diagrams) and we emphasise your report is written qualitatively too.

(2) Everything is based on ASEAN and Singapore.
      Please read up some of the reports before attempting the questions as I will need a very good understanding on all this questions.

(3) Please do not accept this questions if you have no confident.

Thanks in advance.


Queston 1 Refer to the website of Singapore Department of StaTsTcs, external trade secTon at h±p://www.singstat.gov.sg/staTsTcs/browse-by-theme/trade Search for the report on the products that Singapore export to and import from other countries over the period 2011 to in 2014 and analyse the report. Based on your understanding of the Singapore economy and internaTonal trade theories, answer the following quesTons (a) Explain comparaTve advantage and determine the products for which Singapore has comparaTve advantage and comparaTve disadvantage from the relevant staTsTcal tables in 2014. (8 marks) (b) Discuss and analyse the relevance of Heckscher-Ohlin theory in explaining the trade pa±ern between Singapore and the rest of the world in 2014. (8 marks) (c) What do you understand by re-export in Singapore? What contributes to Singapore’s role as a re- export market? Explain. (4 marks) Queston 2 ²he ASEAN Free ²rade Area (AF²A) comprises 10 countries, Singapore, Malaysia, ²hailand, Indonesia, Philippines, Brunei, Vietnam, Laos, Cambodia and Myanmar. With the free trade area formed, the member can impose di³erent tari³ rates to products originated from outside ASEAN. But for goods originated within ASEAN, the members have to apply a common e³ecTve preferenTal tari³ of between 0 to 5% on all products except for some general excepTons. (a) Explain and analyse the possible bene´ts of the formaTon of ASEAN Free ²rade Area. (10 marks) (b) Explain and analyse the possible negaTve e³ects of the formaTon of ASEAN Free ²rade Area. (5 marks) Queston 3 Refer to the website of Singapore Department of StaTsTcs, balance of payments at h±p://www.singstat.gov.sg/staTsTcs/browse-by-theme/internaTonal-accounts Search for the report on the balance of payments of Singapore in 2014. Go through the report and answer the following quesTons. (a) Discuss the current account balance, capital account balance and the overall balance of the Singapore’s balance of payments in 2014. (6 marks) (b) Explain the health of the Singapore economy based on your analysis of its balance of payments. (4 marks)
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Queston 4 Singapore dollar (S$) has been appreciatng againsT Malaysian RinggiT (MR) in 2015, from The exchange raTe of S$1 To abouT MR2.5 in January 2015 To The exchange raTe of S$1 To more Than MR3 in AugusT 2015. ±wo incidenTs have conTribuTed To The weakening of Malaysia RinggiT. One is The sTeep drop in The oil price and Malaysia is a large oil exportng counTry. ±he second incidenT is The increasing pessimism in The economic prospecTs of The Malaysia economy, leading To invesTors pulling ouT Their funds from shares, propertes and oTher Fnancial insTrumenTs To invesT elsewhere. (a) Consider The foreign exchange markeT beTween Singapore dollar and Malaysia RinggiT. DeFne exchange raTe as number of Malaysian RinggiT To one Singapore dollar. Use suiTable foreign exchange markeT diagrams To discuss The equilibrium in The markeT and analyse The changes in The foreign exchange markeT beTween Singapore dollar and Malaysian RinggiT. (10 marks) (b) WhaT do you Think will happen To The currenT accounT, Fnancial accounT and The overall balance of paymenTs of Malaysia? If Malaysia were To operaTe under a Fxed exchange raTe sysTem (wiTh US dollars), discuss how The sysTem operaTes and explain how a Fxed exchange raTe will a²ecT iTs foreign reserves. (10 marks)
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ENVIRONMENTAL ECONOMICS.docx

Question 1
(a) Explain comparative advantage and determine the products for which Singapore has
comparative advantage and comparative disadvantage from the relevant statistical tables in
2014....

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