Identify and critically assess the major features of the Global Economy the shifts in economic power and FDI trends: International Strategic Management Essay, UK

Details of assessment:

1. Identify and critically assess the major features of the Global Economy, the shifts in economic power, and FDI trends.

2. Employ Comparative Advantage and related trade models in analyzing a country’s role in the world economy

Essay Question:

COVID-19 is uprooting economic globalization’’ (WEF, 2020). Discuss the impact of the novel coronavirus pandemic (Covid-19) on international trade for ONE of the countries listed below:

UK

India

China

USA

Japan

Discuss the economic implications of Covid-19 for this country, including trade relations with main trading partners, FDI inflows and outflows, and the country’s economic growth forecast. Drawing on the economic principles covered in this module, assess how the country has responded to the health pandemic with their economic policies I.e. examples of supply-side and/or demand-side economic policies.

Aspects to consider:

1. Introduction: what is globalization and define some of the terms that will be included in your essay. Start off with the global perspective by providing an appraisal of the current global internal trade situation and global FDI flows I.e. that international trade has contracted with FDI projected to contract by 40% this year (WEF, 2020)
2. Then move in from a global view to a national view, to include macroeconomic data for your country of choice (e.g. national unemployment rates, GDP trends, etc.) and start to explore how Covid-19 has impacted that county’s economy and trade (how have supply chains been disrupted?). How has the country responded – I.e. supply-side and or demand-side economic policies?
3. Bring in a detailed example (either a company or industry example) to support the points you are making to provide practical insights
4. Finally, what are the overall implications – is that country rethinking its international trade strategy to reduce its vulnerability to the global economic shock? What is the longer-term outlook for globalization? Add critical analysis into these discussions.
5. Conclusion – summarise your essay and the main points that have been addressed – do not add anything new in your conclusion section
6. References – as a guide, aim for 1 reference per 100 words, so approx. 20 references for this whole essay.

*please focus your discussion on the economy and trade given that this is an assessment for your international strategic management module. Please do not use up your valuable word count going into depth about the health implications of the coronavirus pandemic – instead, keep it focused on the business side.

Assessment criteria:

• Demonstrate a critical understanding of a range of theories of international production
• An ability to apply a number of perspectives in your critical evaluation of implications
• Evidence of extensive reading
• An ability to structure a coherent, critical argument
• Accurate use of the Harvard Referencing System.

Answer

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