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Essay from the year 2006 in the subject Economics - Finance, grade: 2,3, University of Applied Sciences Fulda, course: Finance and International Economic Policy, language: English, abstract: The following essay presents an overview of the national development in Austria between the years 1990 and 2005 with a special emphasis of the last five years. Concerning the wideness of the topic, this essay only deals just with selected points. 1. Basic data′s about Austria 2. Austrian′s comparative advantage 3. Foreign trade 4. Direct and portfolio investments 5. Advantages and disadvantages as a result of foreign trade According to the importance of exports and imports of goods, services, capital and know-how - especially for a small and open national economy like Austria - this essay will implicitly point out Austrian′s comparative advantage, including the mentioned points on top (three till five).The very fact that every third job is dependent of Austrians export makes the relevance of Austria′s comparative advantage in this context clear.