Study Books Used in Class:
The module mainly relies on articles as readings. However, the following references will be used in at least 40 percent of the topics
Clunies Ross, A., D. Forsythe and M. Huq (2009) Development Economics (1st ed) McGraw-Hill, London
Dicken, P (2011) Global Shift; Mapping the changing contours of the world economy , Sage publications London
King, P. And King, S. (2009 ): International economics, globalisation, and policy: a reader. McGraw-Hill Irwin, London
Maidment, F. H (2009) international business Annual editions (15th ed) McGraw-Hill London.
Description:
Answer ONE of the following questions (no more than 2000 words)
i. According to the British charity Action Aid, cheap fashion comes at a human price (BBC news 20th July 2010). Critically discuss the validity of this statement with reference to trade in industrial goods.
ii. China manufactured every one of the 24 kinds of toys recalled for safety reasons in the United States so far this year, including the enormously popular Thomas & Friends wooden train sets, a record that is causing alarm among consumer advocates, parents and regulators (New York Times June 8th ,2007. The full story can be found at http://www.nytimes.com/2007/06/19/business/worldbusiness/19toys.html ). Evaluate this statement and discuss the challenges that developing countries face in trade in a globalised world.
General
Below is some guideline for answering the two essay questions that are due on 30 March. Not at both questions are focused on trade. Pay particular attention to the core ideas in each question. Note:
1. Referencing is very important, and you need at least five academic sources. If you need help with your referencing please visit the Academic Support Unit before you submit your work.
2. You must also remember that you have to submit to turnitin at the same time as you submit your essay on StudyNet.
3. Citation is very important and it must be done correctly
4. this is an economics module and evidence is very important. This can take the form of data in tables or graphs, statistics on events or episodes and or specific events related to trade between countries or a group of countries.
5. For Turnitin , the website is submit.ac.uk. The Course title Issues in the Global Economy 20111 and the course Id 261934. The password is ige2011
Q1 According to the British charity Action Aid, cheap fashion comes at a human price (BBC news 20th July 2010). Critically discuss the validity of this statement with reference to trade in industrial goods.
a. This question is focused on aspects related to trade in industrial goods and the possibility that it disadvantages someone, implicitly developing countries. Think about aspects such as child labour and exploitation of women and weak labour laws by MNCs
b. Take note of the fact that the question refers to cheap fashion. Cheap fashion is just an example but the underlying idea is industrial tarde and in this case , trade in textiles. You can discuss different cases or examples relating to trade in cheap industrial goods where fashion is only one of those cases.
c. It’s very important that you discuss this theory related to trade and specific any provisions under the WTO related to trade in industrial goods.
d. Do not forget that the question is asking you to discuss the validity of this statement. This means that you need to leave a critical discussion around all your ideas indicating whether you agree or disagree with the statement led by British Charity Action Aid.
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Q2 China manufactured every one of the 24 kinds of toys recalled for safety reasons in the United States so far this year, including the enormously popular Thomas & Friends wooden train sets, a record that is causing alarm among consumer advocates, parents and regulators (New York Times June 8th ,2007. The full story can be found at http://www.nytimes.com/2007/06/19/business/worldbusiness/19toys.html ). Evaluate this statement and discuss the challenges that developing countries face in trade in a globalised world.
e. I strongly encourage you to read the whole story. You can read it from other sources as well.
f. You are required to evaluate this statement. This implies you need to discuss the pros and cons of what is going on here. You need a critical discussion.
g. Note that this is also a case of industrial trade. However, the question asks you to discuss the challenges that developing countries face when engaging in global trade. You will need to discuss briefly the key challenges these countries face, and in particular zone in on the challenges in industrial trade.
h. Note again the example used here. The case of toys must be discussed but is only one of many examples
i. WTO and other governance issues such as treaties are important. An example here would be safety and content requirements and their impact.
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