Category: International Economics

Many people believe that the goal of international trade should be to create jobs. Consequently, when they see workers laid off due to a firm’s inability to compete against cheaper and better imports, they assume that trade must be bad for the economy. Is this assumption correct? Why, or why not? Have the readings changed your opinion in any way?
To earn full credit, post an initial response of 500 words that includes at least one APA citation and the associated reference and post a substantive response of 200 words that includes at least one APA citation and the associated reference to at least two class members.

Access the following web site with the easiest to access U.S. trade data. See http://tse.export.gov for their Trade Stats Express page. Data also provided for state exports.
(Everything you might want to know about these data series, and then some, is available on the Census Bureau’s Website in their Foreign Trade section. See http://www.census.gov/foreign-trade/guide/sec2.html for a complete description of data, collection methods, measurement issues, and other background information.)
Please find at least one journal article in the LIRN about free trade agreements and use it to support your position when you respond to questions 5 and 6 below.
Access the APA template: Click Here
Using the Trade Stats Express page, write a 4-5 page paper (1200 – 1500 or more words) in APA format in response to the following questions:
What are the leading U.S. exports and imports in terms of value?
Which trading partners are most important to the United States? This can be measured in terms of total exports, total imports, or total exports plus imports.
Which countries have the largest trade deficits and trade surpluses with the United States?
Find the trading statistics for the U.S. and Canada, and the U.S. and Mexico.
When the United States signed a free-trade agreement with Canada (1989), no one thought twice about it. When the agreement with Mexico was signed (1994), there was significant opposition. Use the concepts of interindustry and intra-industry trade to explain the differences in opposition to the two trade agreements.
Given the current trading statistics of U.S. trade with Canada and Mexico, does the opposition to the agreements seem justified?
Below is a recommended outline.
Cover page (See APA Sample paper)
IntroductionA thesis statement
Purpose of paper
Overview of paper
Body (Cite sources using in-text citations.Explain what the leading US exports and imports are in terms of value
Discuss which trading partners are most important to the US
Discuss which countries have the largest trade deficits and trade surpluses with the US
Conclusion – Summary of main points (from the body)Lessons Learned and Recommendations
(Note: Do not include references that are not cited in the text of your paper)

Length: 1,250 words (excluding references）
References list: APA 7
Learning outcomes:
Demonstrate an understanding of the key institutional features of the globalising Chinese economy at the enterprise level.
Apply the conceptual tools of International Business Studies to the Chinese business environment.
Apply analytic skills to real-life management issues and communicate the results to a professional audience.
Demonstrate critical reflection on the link between institutions and management and how this link defines your ethical and social responsibility.
Assessment Description:
This assessment requires you to engage deeply with contemporary developments and debates within China’s market economy, exploring their implications for professional practices and analyses in the field of institutional economics and International Business studies. You are to select one topic from the two provided, each linked to two short foundational readings that reflect opposing viewpoints. Through critical engagement with these readings and your own additional research based on the Reading List, you will craft a critical reflection that interrogates the arguments, identifies gaps, and articulates your perspectives on institutional economics as it relates to the chosen topic.
The structure of critical reflection:
Introduction: briefly introduce the topic and outline the key points of discussion
Critical reflection: analysis of authors’ arguments and their contributions to the topic; areas of agreement or disagreement; evaluation of the articles’ limitations; any gaps or oversights compared to the foundational academic literature; critical reflection on the implications of these arguments; your thoughts on this matter; what makes you think/reflect in this way?
Conclusion: summarise your reflections and the insights gained from your critical analysis.