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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)

ECOCB/535 Competency 3 – Assessment and Rubric

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)

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):

  • GDP per capita growth over time
  • Inflation rate over time
  • Unemployment rate over time
  • Exports as a percentage of GDP over time

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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.

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.

  • 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.

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ECOCB/535 Competency 3 Rubric     Page 3 of 5
Competency Assessment Rubric      
           
  Assignment/ Performance Criteria Mastery Meets Expectations Not Met  
  100% 85% 0%  
     
  1. Pt. 1 – Country Comparison Thoroughly compares similarities and Partially compares similarities and Narrowly compares similarities and  
  differences between chosen differences between chosen differences between chosen countries  
  (weight 12%)  
  countries / economies and countries / economies and / economies and basically explains  
    successfully explains how their successfully explains how their how their economic, political, and  
    economic, political, and cultural economic, political, and cultural cultural development since 1992 has  
    development since 1992 has development since 1992 has influenced their economic growth and  
    influenced their economic growth and influenced their economic growth trade competitiveness or no attempt  
    trade competitiveness. and trade competitiveness. 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.  
  2. Pt 1– Analysis Thoroughly analyzed economic Partially analyzed economic Narrowly analyzed economic  
  (weight 12%) statistic/indicators of two chosen statistic/indicators of two chosen statistic/indicators of two chosen  
  economies including the use of tables  
  economies including the use of economies including the use of tables  
     
    and/or graphs that clearly depict GDP  
    tables and/or graphs that clearly and/or graphs that clearly depict GDP  
    per capita growth, inflation rate,  
    depict GDP per capita growth, per capita growth, inflation rate,  
    unemployment rate, exports, and  
    inflation rate, unemployment rate, unemployment rate, exports, and  
    national government debt as a % of  
    exports, and national government national government debt as a % of  
    GDP over time since 2009 for each  
    debt as a % of GDP over time since GDP over time since 2009 for each  
    chosen economy.  
    2009 for each chosen economy. chosen economy or no attempt is  
       
        made to include tables and/or graphs.  
  3. Pt. 1 – Economic Growth Thoroughly evaluated the reasons Partially evaluated the reasons why Narrowly evaluated the reasons why  
  (weight 12%) why the economic growth of the two the economic growth of the two the economic growth of the two  
  chosen economies / countries varied  
  chosen economies / countries chosen economies / countries varied;  
     
    from a creative and innovative  
    varied from a creative and basically discussed how international  
    perspective. Clearly discusses how  
    innovative perspective. Clearly trade influenced the strength of each  
    international trade influenced the  
    discusses how international trade economy, as well as the role of value  
    strength of each economy, as well as  
    influenced the strength of each chains and value-added production or  
    the role of value chains and value-  
    economy, as well as the role of no attempt was made to evaluates the  
    added production.  
    value chains and value-added reasons why the economic growth of  
       
      production. 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.  

 

 

 

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4. Pt 1 – Value-Added Trade Measures Thoroughly analyzed how the failure Thoroughly analyzed how the failure Narrowly analyzed how the failure to
(weight 12%) to use value-added trade measures to use value-added trade measures use value-added trade measures
distorts trade statistics.
distorts trade statistics from a creative distorts trade statistics or no attempt is
 
  and innovative perspective.   made to analyze how the failure to use
      value-added trade measures distorts
      trade statistics.
5. Pt 1 – Comparative Advantage in Thoroughly examined more than 2 Thoroughly examined 2 industries Narrowly examined 1 or 2 industries
World Trade industries that have provided each that have provided each economy a that have provided each economy a
 
  economy a comparative advantage in comparative advantage in world comparative advantage in world trade
(weight 12%) world trade. trade. or no attempt is made to examine
      industries that have provided each
      economy a comparative advantage in
      world trade.
6. Pt 2 – US Trade Policy Changes Thoroughly evaluated how US trade Partially evaluated how US trade Narrowly evaluated how US trade
(weight 12%) policy changes in the last 2 years policy changes in the last 2 years policy changes in the last 2 years
affect global trade activities by affect global trade activities by affect global trade activities by
 
  multinational corporations. multinational corporations. 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.
7. Pt 2 – Economists’ Opinions Thoroughly discussed long-term Partially discussed long-term effects Narrowly discussed long-term effects
(weight 12%) effects of trade and tariff policy of trade and tariff policy changes of trade and tariff policy changes over
changes over the last 2 years. over the last 2 years. 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.
8. Pt 2 – Recent Changes to Trade and Thoroughly explained the effect of Partially explained the effect of Narrowly explained the effect of recent
Tariff Policies recent changes to trade and tariff recent changes to trade and tariff changes to trade and tariff policies
(weight 12%)
policies have had on your employer, policies have had on your employer, have had on your employer, you, or
  you, or someone you know. you, or someone you know. 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.

 

 

 

 

 

 

 

 

 

 

 

 

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9. Communication Accurate application of mechanical Rare occurrences of mechanical, Occasional or frequent occurrences of
(weight 2%) conventions enhanced the content; grammar or sentence structure mechanical, grammar, or sentence
included accurate grammar and errors did not detract from the structure errors detracted some from
 
  sentence structure. PowerPoint content. PowerPoint presentation the content. PowerPoint presentation
  presentation includes 18-22 slides includes 14-16 slides with clearly includes 11-13 slides with clearly
  with clearly detailed speaker’s notes detailed speaker’s notes and detailed speaker’s notes and
  and graphically pleasing visual graphically pleasing visual elements graphically pleasing visual elements
  elements including graphs and including graphs and tables. including graphs and tables. Speaker
  tables. Speaker notes clearly convey Speaker notes clearly convey the notes clearly convey the details you
  the details you would give if you were details you would give if you were would give if you were presenting.
  presenting. presenting.  
10. Information Literacy Fully integrated relevant supporting Mostly integrated relevant Minimally integrated relevant
(weight 2%) evidence from quality sources. supporting evidence from quality supporting evidence from quality
  sources.
  sources or did not integrate relevant
   
     
      supporting evidence from quality
      sources.

 

 

 

 

 

 

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