PLEASE ANSWER ONLY PART (b) and (c) of the question below. PLEASE DO NOT ANSWER IF YOU WANT TO JUST COPY AND PASTE FROM THE ANSWERS OF OTHER POSTS - DO NOT WASTE MY CHANCES TO ASK QUESTION AS THEY ARE NOT FOR FREE.Lastly DO NOT answer if you are not confident. Give clear answer with brief explaination answering the question. I have attached the answer for part (a) for help. Go to the website for the Observatory for Economic Complexity (https://oec.world/en) and find the countryprofile for Vietnam (click on profiles --> countries and type ‘Vietnam’ in the search box).(a) Scroll down to the section entitled ‘Historical Data’ and obtain the industrial composition of Vietnam’s exports (in terms of trade value) at the HS 2-digit level of disaggregation and the breakdown of Vietnam’s export sales by destination market for the years 2000 and 2020.(b) What are the most noticeable changes in Vietnam’s export pattern between 2000 and 2020?c) Which of the models of international trade studied in the module can explain the changes observed inVietnam’s pattern of trade? Are there any significant changes in Vietnam’s trade policy that can account for these changes? Exports (2020)[Click to select a product]$300BElectrical machineryand electronicsNon-knitted clothingaccesories4.73%Knitted clothingaccesories4.69%Footwear6.19%Furniture, bedding, lamps, &prefab buildings4.26%39.6%textile articles1.12%Cotton0.93%Knitted0.4% 0.35%Coated...Man...Toys,games, &sports1.11%Iron &steel1.82%Aluminum....0.48%Preparations0.94%Preparations...Iron orarticles1.07%~0.26%Precious stones,metals, & pearls2%Fish, crustaceans,& molluscs1.77%▬▬Ediblefruits,Coffee,tea,nuts &mate &fruit peels spices1.51% 1.17%Cereals0.98%Mineral fuels,mineral oils....0.96%Salt, sulphur,cement...0.71%0.33%SoapWood,wood articles,& charcoal1.24%Optical, photo, & filmequipment; medical...1.18%Machinery,mechanicalappliances,& parts7.19%Plastics &articlesthereof1.82%Rubber &articles thereof1.59%Cars,tractors,trucks &...1.09%Ships...0.37%Leatherarticles1.01%Paper articles0.55%JUAN Exports (2000)[Click to select$18.5BMineral fuels,mineral oils and clothingproducts ofaccesories11.2%their distillationKnitted clothing Used clothes &accesories2.63%Fish,FootwearCereals21.7%13.9%Coffee, tea, mate & spices4.68%XEdible fruits,nuts & fruitpeels1.61%Oils seeds...0.54%4.11%Electrical machinery Machinery,and electronicsmechanicalappliances, &parts5.98%3.66%Product]Edible....Non-knittedcrustaceans, &molluscsFurniture,bedding, lamps, &prefab buildings8.12%2.76%Toys, games, &0.54%Preparations of...0.63%Preparations of...Misc...0.29%Ceramic products1.08%Man-made...0.51%1.24%Wood, wood articles, &charcoal1.04%Rubber &articlesthereof1.41%Plastics &articles thereof0.76%StrawAtron or0.48%Iron &Cars....0.42%Optical...Man-made...0.4%SilkLeatherarticles1.87%Precious stones...Animal...0.39%Paper...0.37%

***Since the student has mentioned to answer only part B and C of the question, only the specified…

Answered: (b) What are the most noticeable…

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 3.6P

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PLEASE ANSWER ONLY PART (b) and (c) of the question below.

PLEASE DO NOT ANSWER IF YOU WANT TO JUST COPY AND PASTE FROM THE ANSWERS OF OTHER POSTS - DO NOT WASTE MY CHANCES TO ASK QUESTION AS THEY ARE NOT FOR FREE.

Lastly DO NOT answer if you are not confident.

Give clear answer with brief explaination answering the question. I have attached the answer for part (a) for help.

Go to the website for the Observatory for Economic Complexity (https://oec.world/en) and find the country
profile for Vietnam (click on profiles --> countries and type ‘Vietnam’ in the search box).

(a) Scroll down to the section entitled ‘Historical Data’ and obtain the industrial composition of Vietnam’s exports (in terms of trade value) at the HS 2-digit level of disaggregation and the breakdown of Vietnam’s export sales by destination market for the years 2000 and 2020.

(b) What are the most noticeable changes in Vietnam’s export pattern between 2000 and 2020?

c) Which of the models of international trade studied in the module can explain the changes observed inVietnam’s pattern of trade? Are there any significant changes in Vietnam’s trade policy that can account for these changes?

Exports (2020)
[Click to select a product]
$300B
Electrical machinery
and electronics
Non-knitted clothing
accesories
4.73%
Knitted clothing
accesories
4.69%
Footwear
6.19%
Furniture, bedding, lamps, &
prefab buildings
4.26%
39.6%
textile articles
1.12%
Cotton
0.93%
Knitted
0.4% 0.35%
Coated...
Man...
Toys,
games, &
sports
1.11%
Iron &
steel
1.82%
Aluminum....
0.48%
Preparations
0.94%
Preparations...
Iron or
articles
1.07%
~
0.26%
Precious stones,
metals, & pearls
2%
Fish, crustaceans,
& molluscs
1.77%
▬▬
Edible
fruits,
Coffee,
tea,
nuts &
mate &
fruit peels spices
1.51% 1.17%
Cereals
0.98%
Mineral fuels,
mineral oils....
0.96%
Salt, sulphur,
cement...
0.71%
0.33%
Soap
Wood,wood articles,
& charcoal
1.24%
Optical, photo, & film
equipment; medical...
1.18%
Machinery,
mechanical
appliances,
& parts
7.19%
Plastics &
articles
thereof
1.82%
Rubber &
articles thereof
1.59%
Cars,
tractors,
trucks &...
1.09%
Ships...
0.37%
Leather
articles
1.01%
Paper articles
0.55%
JUAN

Exports (2000)
[Click to select
$18.5B
Mineral fuels,
mineral oils and clothing
products of
accesories
11.2%
their distillation
Knitted clothing Used clothes &
accesories
2.63%
Fish,
Footwear
Cereals
21.7%
13.9%
Coffee, tea, mate & spices
4.68%
X
Edible fruits,
nuts & fruit
peels
1.61%
Oils seeds...
0.54%
4.11%
Electrical machinery Machinery,
and electronics
mechanical
appliances, &
parts
5.98%
3.66%
Product]
Edible....
Non-knitted
crustaceans, &
molluscs
Furniture,
bedding, lamps, &
prefab buildings
8.12%
2.76%
Toys, games, &
0.54%
Preparations of...
0.63%
Preparations of...
Misc...
0.29%
Ceramic products
1.08%
Man-made...
0.51%
1.24%
Wood, wood articles, &
charcoal
1.04%
Rubber &
articles
thereof
1.41%
Plastics &
articles thereof
0.76%
Straw
A
tron or
0.48%
Iron &
Cars....
0.42%
Optical...
Man-
made...
0.4%
Silk
Leather
articles
1.87%
Precious stones...
Animal...
0.39%
Paper...
0.37%

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