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.

 

 

 

 

 

 

 

 

 

 

 

 

Copyright© 2021 by University of Phoenix. All rights reserved.

 

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.