Identify a Conceptual or Theoretical Framework

NORTHCENTRAL UNIVERSITY

ASSIGNMENT COVER SHEET

Student: Elton Norman

BTM7300	Dr. George Ackerman
Scholarly Literature Review	Assignment 5

Faculty Use Only

Hello Elton,

Thank you for submitting your Week 5: Prepare an Annotated Bibliography Assignment for my review.

You clearly identified and summarized the main issues and successfully explained why/how they are problems or questions; and identified embedded or implicit issues, addressing their relationships to each other. You evidently and accurately label not only all the factual, conceptual, and value, but also those implicit in the assumptions and the implications of positions and arguments. You formulated a clear and precise personal point of view concerning the issue, and seriously discusses its weaknesses as well as its strengths.

Dr. George Ackerman 12/7/2018

Prepare an Annotated Bibliography

BTM-7300 Assignment # 5

Elton Norman

Dr. George Ackerman

27 November 2018

Introduction

To have a successful paper, it is important to have adequate and thorough research. However, throughout the process, much research must be conducted to ensure its success. In this case, organizational skills are necessary to keep track of all material that is read. Additionally, it may become s to remember all the material that is read. This is where an annotated bibliography would be of great assistance. An annotated bibliography serves as a summary of the completed readings that can be referenced quickly without rereading material over. Bibliographies serve as sources needed to accomplish research but only after the entire material is read in its entirety and not just the abstract. The purpose of this paper is to show two sources and prepare an annotated bibliography for each source.

Katz, R. (2015, June 22). The Myth of Currency Manipulation: The Bergsten

/Schumer/Portman. Theory Is Wrong. The International Economy.

In this article, the author argues one of the myths associated with currency manipulation. Nineteen countries are suspected of currency manipulation; however, China is cleared from any manipulation. China’s currency fluctuations were studied, and the question proposed is whether millions of American jobs were lost because of China’s currency (RMB) being undervalued. Although, other countries are suspected to have engaged in currency manipulation, emphasis is placed on China. Using a combination of both qualitative and quantitative research methodology, a case study was developed dispelling all the assumptions that China was a currency manipulator. In addition to the case study, statistics were presented that showed that while jobs may have declined by 30% since the year 2000, manufacturing efficiency or output has increased by 20%. Statistics also proved that there is no link between U.S. trade deficit and the Chinese currency (Katz, 2015). The findings were noted by Fred Bergsten, the founder and former chief of The Petersen Institute for International Economics who originally claim that China’s was manipulating its currency and costing America. Further research denounced this myth.

Wong, Christopher S. (01/01/2017). "Regulating Currency Manipulation: Political, Legal

and Economic Barriers to Reform". JOURNAL OF WORLD TRADE (1011-6702),

51 (4), 691

In this article, the discussion is centered around President Trump’s administration and their role in the NAFTA’s currency manipulation renegotiation. The study was based several countries under NAFTA and suggested that NAFTA amend its currency chapter of the agreement. It further suggests that during the amendment phase, four things need to be included and should:

· Commit members to avoid manipulation or competitive depreciation

· Encompass a simple definition of manipulation to identify violators of the commitment as incorporated by Congress

· Subject commitments to dispute settlement mechanisms of the overall trade agreement

· Provide effective sanctions against violators

The methodology used in this case was qualitative research that was centered around case studies of historical NAFTA agreements. The article also provided a blueprint for a proposed agreement.

Summary

Currency manipulation is a global issue that effects the economy. It is important to center agreement that focus on regulation to control is. With regulation, several things need to be outlined such as defining currency manipulation and providing effective sanctions against violators. This paper summarizes two articles that help further research as to whether or not currency manipulation effects the global economy.

References

Katz, R. (2015, June 22). The Myth of Currency Manipulation: The Bergsten /Schumer/Portman

Theory Is Wrong. The International Economy.

Wong, Christopher S. (01/01/2017). "Regulating Currency Manipulation: Political, Legal

and Economic Barriers to Reform". JOURNAL OF WORLD TRADE (1011-6702),

51 (4), 691

�What is included in the research and what is left out? What are the limitations of the research