Covid-19's Impact on International Trade: ONE Country Analysis

MD4099 International Strategic Management

Answered

Question:

1. Identify and critically assess the major features of the Global Economy, the shifts in economic power, and FDI trends.
2. Employ Comparative Advantage and related trade models in analysing a country’s role in the world economy.

Essay Question:

‘’COVID-19 is uprooting economic globalization’’ (WEF, 2020). Discuss the impact of the novel coronavirus pandemic (Covid-19) on international trade for ONE of the countries listed below:

India

China

USA

Japan

Discuss the economic implications of Covid-19 for this country, including: trade relations with main trading partners, FDI inflows and outflows and the country’s economic growth forecast. Drawing on the economic principles covered in this module, assess how the country has responded to the health pandemic with their economic policies I.e. examples of supply-side and/or demand-side economic policies.

Aspects to consider:

Introduction: what is globalisation and define some of the terms that will be included in your essay. Start off with the global perspective by providing an appraisal of the current global internal trade situation and global FDI flows I.e. that international trade has contracted with FDI projected to contract by 40% this year (WEF, 2020)

Then move in from a global view to a national view, to include macroeconomic data for your country of choice (e.g. national unemployment rates, GDP trends etc.) and start to explore how Covid-19 has impacted that county’s economy and trade (how have supply chains been disrupted?). How has the country responded - I.e. supply side and or demand side economic policies?

Bring in a detailed example (either a company or industry example) to support the points you are making to provide practical insights

Finally, what are the overall implications - is that country rethinking its international trade strategy to reduce their vulnerability to the global economic shock? What is the longer-term outlook for globalisation? Add critical analysis into these discussions.

Conclusion - summarise your essay and the main points that have been addressed - do not add anything new in your conclusion section

*please focus your discussion on the economy and trade given that this is an assessment for your international strategic management module. Please do not use up your valuable word count going into depth about the health implications of the coronavirus pandemic - instead keep it focused on the business-side.

Assessment criteria:

Demonstrate a critical understanding of a range of theories of international production
An ability to apply a number of perspectives in your critical evaluation of implications
Evidence of extensive reading
An ability to structure a coherent, critical argument
Accurate use of the Harvard Referencing system.

Level 7 assessments (e.g. Postgraduate taught programmes) Band	Numerical equivalent	Grade band Indicative language
Exceptional Distinction	100	Creative, insightful, illuminating, inspiring, exciting, authoritative, challenging
Very High Distinction	94
High Distinction	87
Mid Distinction	80	Persuasive, sophisticated, original, reflective, ambitious, meticulous, critical, convincing, unexpected
Low Distinction	74
High Merit	68	Fluent, thorough, analytical, precise, rigorous, confident, consistent, thoughtful
Mid Merit	65
Low Merit	62
High Pass	58	Satisfactory, clear, accurate, careful, congruent, coherent
Mid Pass	55
Low Pass	52
Min Pass / Capped Mark	50	Sufficient, adequate, descriptive, limited
Marginal Fail	45*
Mid+ Fail	42
Mid Fail	40
Fail	35	Incomplete, inadequate, inconsistent, derivative, contradictory, superficial, irrelevant
	30	Erroneous/wrong, missing, extremely limited, inappropriate, insufficient, incoherent, unstructured
	25
	10	Lacking, formless, detrimental
Non-submission	0	Absent/none