Compare and contrast two primary economic systems – the Asian model and the African Model (China and Nigeria). The analysis should include a review of the history, institutions, and performance of each model.
The completed project should include the following elements:
Examine the historical evolution of economic models in both countries.
Describe the current state of the economic condition of your selected models (to include but not be limited to GDP growth and income distribution).
Evaluate the different rules and regulation influences on international trade make sure to cite at least two examples to support your answer.
Summarize your findings including at least two policy recommendations for future improvements for each model based on the analysis of the other model.
Use Economic Terminology throughout the paper.
Support your arguments with clear and precise data such as (growth rates, balance of trade, unemployment rates, and poverty rates)