Reflection Paper on the Trader Rule Game - Essay Example

Submitted Reflection Paper on the Trader Rule Game My selected country, which was Green Island and was later named as My Islan, has more labor than capital. I selected this particular country because it has the most number of labors among all other countries. I was amazed on the part where I got to choose how my avatar looks like. As Sexton notes, labor is more important than capital because it is a driver for productivity and growth of a company (331). He adds that a country that has abundant labor is more productive than those countries that have less of them.

In choosing my selected partner, I chose an island that has more capital than I have as suggested by the game. I then selected Blue Island, which has more capital than labor. I chose this country as a trading partner because its abundant capital resources balance on what is lacking in my own country. Daquila remarks that the fusion between countries that compensate the weaknesses of others results to a successful trading partnership (170). After choosing my trade partner, the trading of goods, which are jeans and cellphones, have commenced.

I was able to make three consecutive great trades that had resulted to the prosperity of my island. The trade business has increased the welfare of my country because it has resulted to high productivity, thus, increased the economic growth of the country. When this happens, it benefits both the workers and capital owners themselves because as profits increased, salaries increased as well (Zhang 255). With this economic move, the country has improved its economy, most specifically its gross domestic product.

The game has greatly helped me learn the basic rules in trading goods with other countries. I have discovered that the number of goods produced affect the salary, income, and prices of the products. Works Cited Daquila, Teofilo C. Asian Economic and Political Issues. Ed. Frank Columbus. 11 vols. New York: Nova Science Publishers Inc., 2007. Print. Jain, T. R., and S. J. Kaur. Public Finance and International Trade. New Delhi: V.K. Publications, 2008. Print. Sexton, Robert L.

Exploring Macroeconomics. 5th ed. Mason: South- Western Cengage Learning, 2008. Print. Zhang, Wei-Bin. International Trade Theory: Capital, Knowledge, Economic Structure Money, and Prices over Time. Berlin: Springer-Verlag Berlin Heidelberg, 2008. Print.