International Trade Stimulation
I was the Blue Company and had increased capital. I had an overall score of 07199954. I had two successful trade negotiations and one unsuccessful trade negotiation. The citizens of the country were happy when the trade negotiations were successful. And the citizens were critical and unhappy when the negotiations were unsuccessful.
I selected this particular company because it had the most amount of capital available. I felt that by selecting the company with the most capital I would benefit from being able to produce more cell phones and jeans without having to worry about having enough capital.
I traded with the Green Company and they had more labor than capital.
I chose the Green Company because with the Blue Company I had more capital than labor, but the Green Company had more labor than capital. I looked at all the companies before choosing my company and choosing my trading partner and felt the Blue and Green Companies were the best matched.
I increased the welfare of my company by engaging in international trade. I had a little bit of a difficult time negotiating with the Green Company because they kept pushing back, stating the offers I was presenting were not equal for both companies. I kept negotiating and finally was able to present an offer we could both agree upon. I feel I increased the welfare of my country with international trade because I was able to bring in other products by trading products produce in my country. The citizens were always happy when a negotiation was successful and unhappy when the negotiations were unsuccessful.
