World Trade Business Game - Austria, Malaysia, Bolivia - Gas, Timber

Extract

[...] Regarding to its services, Malaysia has exported for $39.5 billion and imported $42.5 billion. Due to a diminution from the main demands for base products, the Malaysian exportation decreased from in 2019. This drop could also be explained by the very high demand in 2018. Similarly, the Malaysian importation at the same period diminished from 6.8%. Dependence on world market prices in general & consequences of the COVID-19 Malaysia is a very open economy; it is the 20th largest trading partner in the world. [...]

[...] Finally, regarding FDI, it is worth noting that investments in Austria come mainly from European countries and the USA, while in Malaysia, investments come from Asian countries (Japan, Hong Kong, Singapore). For Bolivia, inflows come mainly from Western countries (France, Netherlands), while for outflows, Brazil and Panama are added. International Price During the previous 10 years, the commodity market has been quite fluctuating. Indeed, the various events that occurred during this period affected the prices of these goods both positively and negatively. [...]

[...] The inflow in Malaysia was particularly unstable in course of the past 10 years. The most important increasing was in 2019 with approximately MYR 20,000 billion. However, in the June quarter of 2020, the FDI dropped to MYR 2.23 billion because of the downturn caused by the COVID-19 pandemic. The main FDI outflow are towards the Netherlands, the UK and Cayman Islands for the manufacturing sector, services, and mining & quarrying Main trade agreements with other countries Malaysia integrated in 1957, the world trade organization (WTO) in the aims to introduce itself in the international economy because of its high dependence to external demand. [...]

[...] Retrieved from: https://www.populationdata.net/pays/malaisie/ Theglobaleconomy (n.d.) Malaysia: Human development. Retrieved from: https://www.theglobaleconomy.com/Malaysia/human_development/ Trading Economics (2020), Lumber. Retrieved from: https://tradingeconomics.com/commodity/lumber Trading Economics (2020), Natural Gaz. Retrieved from: https://tradingeconomics.com/commodity/natural-gas Trading Economics (n.d.) Austria, GDP. Retrieved from: https://tradingeconomics.com/austria/gdp The Observatory of Economic Complexity (n.d.) Austria, Commercial trade. Retrieved from: https://oec.world/en/profile/country/aut/?yearSelector1=exportGrowthYear24&yearSelecto r2=importGrowthYear23 Trading Economics (n.d.) Malaysia, GDP. [...]

[...] Dependence on world market prices in general & consequences of the COVID-19 As a geographically landlocked country, Bolivia's trade remains largely concentrated - with the exception of China - on South America: among the country's top 10 trading partners are from the region (Brazil, Argentina, Peru, Colombia and Chile) and account for 43.4% of total trade in 2018. Bolivia's economic growth is largely driven by natural gas exports, so the decline in demand from Argentina and Brazil, which receive most of these exports, should have an additional impact on the economy. And according to the IMF's April forecast, due to the COVID-19 epidemic, Bolivia will be experiencing a drop in GDP to -2.9% in 2020 and a decline in the trade balance to 2.6%. [...]