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How has globalisation affected global value chains? • Define a value chain and distinguish a value chain from a supply chain • Define Globalisation and the roles of MNCs in driving it • Outline the main features of a value chain. Porter (1985) stated that a value chain has 9 activities that provide value for customers: o Primary- inbound and outbound logistics; production; sales and marketing o Secondary- administrative infrastructure; human resource management; IT; procurement. • Consider how globalisation has affected value chains- vertical disintegration of production and the smile curve • Consider role of MNCs in out sourcing as a means of reducing manufacturing costs; cross border trade and trade in intermediate goods • Conclusions • Appendices The above outlines intend as guide to narrow your scope and aspects to cover in your writing. DO NOT use the exact sentences of these outlines here as your essay headings and sub-headings. Headings and Sub-headings should be short and precise. Students should have started by reading the lecture slides and references for Topic 4 especially Baldwin, R., ‘The WTO and global supply chains’, East Asia Forum, 24th February, 2013. http://www.eastasiaforum.org/2013/02/24/the-wto-and-global-supply-chains/. Baldwin, R. (2014), Misthinking Globalisation: Twentieth-Century Paradigms and Twenty First-Century Challenges. Australian Economic History Review, 54: 212–219. doi: 10.1111/aehr.12046 Stiglitz, J., Globalisation and Its Discontents, (London, 2002), Ch.1. Bhagwati, J. In Defense of Globalisation, (Oxford, 2004), Ch.1. Van hoa, t. (2008), ‘Australia-China free trade agreement: causal empirics and political economy’. Economic Papers: A journal of applied economics and policy, 27: 19–29. doi: 10.1111/j.1759-3441.2008.tb01023.x Baldwin, R., ‘The WTO and global supply chains’, East Asia Forum, 24th February, 2013. http://www.eastasiaforum.org/2013/02/24/the-wto-and-global-supply-chains/. Baldwin, R. (2014), Misthinking Globalisation: Twentieth-Century Paradigms and Twenty First-Century Challenges. Australian Economic History Review, 54: 212–219. doi: 10.1111/aehr.12046 http://www.ifm.eng.cam.ac.uk/research/dstools/value-chain-/ http://www.netmba.com/strategy/value-chain/ And other official and unofficial resources. Unofficial resources may help you to gain some basic understanding of some important concepts and ideas, but not to be quoted in your references.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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ECON 7222 Applied Economic Principles

Task: When Anna Scott left her Honda Jazz in a commuters’ car park outside Oxford on January 10th, she had little reason to think that criminals would take an interest in the 12-year-old car. Yet the next afternoon a group of shifty characters were spotted sawing off its catalytic converter. ...

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Free Market Economic Policy

There are three questions to be attempted based on the case study and a proposal to be submitted. In answering these questions, students must draw on appropriate academic literature and theoretical perspectives in order to fully support their response. Answer The Following Questions : Question 1 Dis ...

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This written assignment is designed to test your knowledge of course concepts. The assignment will be marked out of 100 and is worth 20% of your final grade. Always retain a copy of the assignment for your records. For each of the questions, please provide between 1.5 to 2 pages, double-spaced answe ...

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Management

You will write an essay that addresses the topic you have selected for Assessment 2 and therefore, expand the research on this topic. ? Your essay should be a synthesis, a combination of the ideas you have developed and resources you have accessed. ? You must demonstrate a coherent link of argument ...

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