Given the following scenario you are asked to play the role of an advisor to the highest levels of government in the country of Whizzenbart. Write a 3 page paper outlining the steps you recommend the government to take toward trade with the neighboring countries. Here is the current situation in each country:
Wizzenbart is a country with mountains to the west and rolling hill country sloping down the ocean in the east. It has some fishing and agriculture, but the largest sector of the economy is a declining heavy industrial manufacturing base of steel and automobiles, which government would like to replace with light industrial manufacturing such as medical devices. Its neighbor to the west is the country of Gizmo which has a workforce of highly educated people employed in the tech industry, along with some fertile dry land farming in the foothills and access to fishing grounds in the northern part of the country. To the Southwest is the country of Evenland, which is flat delta country that has deep topsoil capable of growing most crops, a thriving historical fishing industry, and a new but growing manufacturing sector based on technology.
There are two different markets these countries trade in: Agridultural products and manufactured products. The Production possibilities for each country and market are as follows:
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