ECOCB/535 Competency 3 - Assessment and Rubric by Jason Bale

ECOCB/535 Competency 3 - Assessment and Rubric GET ANSWER FOR THIS PAPER AT ESSAYLINK.NET Course Title: The Digital Economy Competency Assessment Title: International Trade Evaluations and World Economies Comparison Presentation Total Number of Points: 100

Assignment Directions: Congratulations, your consulting business continues to thrive. You have been tasked with developing a two-part presentation to generate important discussion around international trade and world economies to help interns apply their understanding. Create a presentation incorporating the following: Part 1: International Trade Review the Competency 3 Resources: Exchange Across International Borders. Prepare a 12- to 16-slide (of the two-part presentation) with detailed speaker’s notes and visual elements, including graphs and tables. Complete the following in your presentation: Choose a pair of economies from the bulleted list below, (each pair has 1 highly successful country and 1 less successful country, except for NAFTA /EU): • • • • •

NAFTA vs. European Union (world’s two largest economic entities) China vs. India (world’s two most populous countries) South Korea vs. North Korea (two polar economic opposites, one people) Venezuela vs. Saudi Arabia (world’s two largest sources of oil reserves) Nigeria vs. Democratic Republic of the Congo (functioning government and civil order vs. struggling government and violent clashes among factions; note: the Republic of the Congo is not the same country as the Democratic Republic of the Congo)

GET ANSWER FOR THIS PAPER AT ESSAYLINK.NET Research the economies for your chosen pair of countries. Compare similarities and differences between your chosen countries/economies and explain how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness. Use tables or graphs to support your analysis of the following economic statistics/indicators of your 2 chosen economies through the most recent year available since 2009 (the trough of the last economic cycle):

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National government debt as a percentage of GDP

Whenever possible, plot the metric for both economies on the same chart. Evaluate the reasons why the economic growth of the 2 economies/countries varied. Discuss how international trade influenced the strength of each economy. Discuss the role of value chains and value-added production. Analyze how the failure to use value-added trade measures distorts trade statistics. Examine at least 2 industries that have provided each economy a comparative advantage in world trade. Cite at least 2 academically credible sources.

GET ANSWER FOR THIS PAPER AT ESSAYLINK.NET Part 2: World Economies Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade. Consider the following. • • • • • •

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Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied. The term “trade deficits” is a misnomer. Every country’s trade is always in balance. Trade deficits do not mean the United States no longer produces anything to export. The United States is the world’s second largest manufacturer and the world’s second largest exporter of manufactured goods. Trade deficits reflect a strong economy. Trade deficits rise during economic expansions and fall during economic contractions. Unemployment falls as trade deficits rise and rises as trade deficits fall. Imports and exports are complements, not competitors. Both are necessary and both contribute to economic growth. There is a strong correlation between the rise in world trade and: o The rise in world GDP o The dramatic fall in the world’s extreme poverty rate o The rise in world life expectancy Those 7 jobs cannot be brought back from overseas because they never left the United States.

Prepare a 6- to 8-slides to evaluate credible economists' unbiased opinions on the benefits, costs, and results of current U.S. trade and tariff policies. Include detailed speaker notes and visual elements, including graphs and tables. Complete the following in your presentation. • • •

Evaluate how U.S. trade policy changes in the last 2 years affect global trade activities by multinational corporations. Discuss credible economists’ opinions on the long-term effects of trade and tariff policies changes in the last 2 years. Explain the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.

Cite at least 2 academically credible sources. Compile the slides from Parts 1 and 2 into one presentation. Submit your presentation.

GET ANSWER FOR THIS PAPER AT ESSAYLINK.NET

ECOCB/535 Competency 3 Rubric

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Competency Assessment Rubric Assignment/ Performance Criteria 1. Pt. 1 – Country Comparison (weight 12%)

2. Pt 1– Analysis (weight 12%)

3. Pt. 1 – Economic Growth (weight 12%)

Mastery 100%

Meets Expectations 85%

Thoroughly compares similarities and differences between chosen countries / economies and successfully explains how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

Partially compares similarities and differences between chosen countries / economies and successfully explains how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

Thoroughly analyzed economic statistic/indicators of two chosen economies including the use of tables and/or graphs that clearly depict GDP per capita growth, inflation rate, unemployment rate, exports, and national government debt as a % of GDP over time since 2009 for each chosen economy.

Partially analyzed economic statistic/indicators of two chosen economies including the use of tables and/or graphs that clearly depict GDP per capita growth, inflation rate, unemployment rate, exports, and national government debt as a % of GDP over time since 2009 for each chosen economy.

Thoroughly evaluated the reasons why the economic growth of the two chosen economies / countries varied from a creative and innovative perspective. Clearly discusses how international trade influenced the strength of each economy, as well as the role of value chains and valueadded production.

Partially evaluated the reasons why the economic growth of the two chosen economies / countries varied from a creative and innovative perspective. Clearly discusses how international trade influenced the strength of each economy, as well as the role of value chains and value-added production.

Not Met 0%

Narrowly compares similarities and differences between chosen countries / economies and basically explains how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness or no attempt was made to compare similarities and differences between chosen countries / economies nor to explain how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness. Narrowly analyzed economic statistic/indicators of two chosen economies including the use of tables and/or graphs that clearly depict GDP per capita growth, inflation rate, unemployment rate, exports, and national government debt as a % of GDP over time since 2009 for each chosen economy or no attempt is made to include tables and/or graphs. Narrowly evaluated the reasons why the economic growth of the two chosen economies / countries varied; basically discussed how international trade influenced the strength of each economy, as well as the role of value chains and value-added production or no attempt was made to evaluates the reasons why the economic growth of the two chosen economies / countries varied. Does not discuss how international trade influenced the strength of each economy, nor the role of value chains and value-added production.

4. Pt 1 – Value-Added Trade Measures (weight 12%)

5. Pt 1 – Comparative Advantage in World Trade (weight 12%)

6. Pt 2 – US Trade Policy Changes (weight 12%)

7. Pt 2 – Economists’ Opinions (weight 12%)

8. Pt 2 – Recent Changes to Trade and Tariff Policies (weight 12%)

Thoroughly analyzed how the failure Thoroughly analyzed how the failure to use value-added trade measures to use value-added trade measures distorts trade statistics from a creative distorts trade statistics. and innovative perspective. Thoroughly examined more than 2 industries that have provided each economy a comparative advantage in world trade.

Thoroughly examined 2 industries that have provided each economy a comparative advantage in world trade.

Thoroughly evaluated how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.

Partially evaluated how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.

Thoroughly discussed long-term effects of trade and tariff policy changes over the last 2 years.

Partially discussed long-term effects of trade and tariff policy changes over the last 2 years.

Thoroughly explained the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.

Partially explained the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.

Narrowly analyzed how the failure to use value-added trade measures distorts trade statistics or no attempt is made to analyze how the failure to use value-added trade measures distorts trade statistics. Narrowly examined 1 or 2 industries that have provided each economy a comparative advantage in world trade or no attempt is made to examine industries that have provided each economy a comparative advantage in world trade. Narrowly evaluated how US trade policy changes in the last 2 years affect global trade activities by multinational corporations or no attempt to evaluate how US trade policy changes in the last 2 years has affected global trade activities by multinational corporations was made. Narrowly discussed long-term effects of trade and tariff policy changes over the last 2 years or no attempt to discuss long-term effects of trade and tariff policy changes over the last 2 years was made. Narrowly explained the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know or no attempt to explain the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know was made.

9. Communication (weight 2%)

10. Information Literacy (weight 2%)

Accurate application of mechanical conventions enhanced the content; included accurate grammar and sentence structure. PowerPoint presentation includes 18-22 slides with clearly detailed speaker’s notes and graphically pleasing visual elements including graphs and tables. Speaker notes clearly convey the details you would give if you were presenting. Fully integrated relevant supporting evidence from quality sources.

Rare occurrences of mechanical, grammar or sentence structure errors did not detract from the content. PowerPoint presentation includes 14-16 slides with clearly detailed speaker’s notes and graphically pleasing visual elements including graphs and tables. Speaker notes clearly convey the details you would give if you were presenting. Mostly integrated relevant supporting evidence from quality sources.

Occasional or frequent occurrences of mechanical, grammar, or sentence structure errors detracted some from the content. PowerPoint presentation includes 11-13 slides with clearly detailed speaker’s notes and graphically pleasing visual elements including graphs and tables. Speaker notes clearly convey the details you would give if you were presenting. Minimally integrated relevant supporting evidence from quality sources or did not integrate relevant supporting evidence from quality sources.