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Title- To what extent have the benefits of economic globalisation outweighed the costs? Will more (or less) globalisation be beneficial for a country’s future?  Make reference to a country of your choice

Economics

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Title- To what extent have the benefits of economic globalisation outweighed the costs? Will more (or less) globalisation be beneficial for a country’s future?  Make reference to a country of your choice. (20 marks)

 

(30% of your overall UFP grade)

 

Background info: Economic globalisation can be defined as an increasing flow of goods and services, capital and labour between growing numbers of countries. It is the ever increasing integration of the world’s local, regional, and national economies into a single international market.

 

 

 

 

 

 

Your task: to be completed individually:

1. Choose a country of your choice. You may choose from any economy which is a member of the WTO or has gained observer status. Please see https://www.wto.org/english/thewto_e/countries_e/org6_map_e.htm to choose a country (any country in Green or Yellow can be chosen)
2. Research on the macroeconomic indicators of this country and present it in the form of a table. Look at indicators for National Output/Income, Inflation, Unemployment, Current Account Balance, Inequality, and Exchange Rates.
3. Analyse how globalisation has affected these macroeconomic indicators i.e whether globalisation has been good or bad for the macroeconomic indicators. This will have to be in a researched report form and supported by graphs. In-text citations are required.
4. Evaluate whether more (or less) globalisation will be beneficial? This section also has to be in a researched report form and supported by graphs. In-text citations
5. The overall research report should be 1500 maximum. You may use the following report framework below:

 

Introduction- short introduction about the country and what has led to globalisation in this country.

Table containing macroeconomic indicators of the country

Analyse the advantages and disadvantages of globalisation to this country

Conclusion- Evaluate whether further (or less) globalisation will be beneficial for this country’s future. Make some recommendations for policymakers of that country and justify the recommendations.

References - provide a list of websites/sources you have used when carrying out research.

 

 

Key deadline dates:

 

Each student must submit (via email) their first draft report by

 

Each student will receive feedback and opportunity to improve reports by                   

 

	12/06/20

 

• Each student must submit their final report (via email) by

 

 

Additional Info: All reports must be typed up in Microsoft Word document only. (No Apple Pages document allowed).    2) In the Word document, please ensure you include your full name, CEG no and page numbers in the footer. If you are unsure how to do this, ask your Economics UFP teacher.    3) Both the first draft and the final report  submission will have to be put through Turnitin which will scan for plagiarised work. Marks will be deducted if there is more than 10% plagiarised work.   4) All reports must include a bibliography. The Economics UFP teacher will inform you of the style of referencing required.   Any student, who does not meet the first draft report deadline, will forfeit the opportunity to receive feedback from the Economics UFP teacher.   Any student, who does not meet the final report deadline, will be forced to handwrite the report within school at a specified time of the Economics UFP teacher’s choosing.  If there is a genuine medical reason and evidence provided, the Economics UFP teacher will reschedule an extension date for you to submit the report.