Discussion on economic globalization during covid 19

Title

‘’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.

Due Date

Thursday 8th April 2021 by 5pm, via Turnitin

Word Count

2,000 words

Key Readings and Texts (this will become your references list):

Learning Outcomes:

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

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

1-Introduction – Brief background context- what is Globalisation? Define some of the terms you will use in your essay (e.g. FDI and protectionism). Clearly outline which country your essay will discuss in detail and state which company/industry example you will draw on in your essay discussions….signpost the reader to what you will look at and discuss further in the main body of the essay.

2 - What is the general picture in terms of international trade during the uncertainty of the coronavirus pandemic and what role does your country of choice ((from the list above) play in the world economy? I.e. is this a developed economy or an emerging economy? FDI trends and GDP growth forecasts could be included here.

3 - How has your country of choice (from the list above) responded to international trade issues – who are their main trading partners, what are their main imports and exports and how have these been affected? How have supply chains been disrupted –.

4 – bring in a detailed example to support the points above – either a company example or industry example for the country of your choice. Provide the practical insight to what the economic implications of Covid-19 have been for a company / industry in this country.

5 - Application of appropriate economic trade theory – such as absolute and comparative advantage or supply and demand side economics to explain how and why the country has responded the way it has.

6 - Finally, what are the overall implications - is that country rethinking its international trade strategy to reduce their vulnerability to the global economic shock? What is the longer-term outlook for globalisation? Any other relevant considerations, such as the anti-globalization critique or cultural implications, which are of relevance for county in question and the economic implications of Covid-19 for this country.

7: - Summary and conclusions – reiterate the main points of your essay in this final paragraph. Do not add anything new into your conclusion, but just summarise the main points you covered to answer the question.

8:- reference list – aim for a minimum of approximately 20 references within this list