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.

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

ECOCB/535 Competency 3 Rubric  Page 3 of 5
Competency Assessment Rubric   
      
 Assignment/ Performance CriteriaMasteryMeets ExpectationsNot Met 
 100%85%0% 
   
 1. Pt. 1 – Country ComparisonThoroughly compares similarities andPartially compares similarities andNarrowly compares similarities and 
 differences between chosendifferences between chosendifferences between chosen countries 
 (weight 12%) 
 countries / economies andcountries / economies and/ economies and basically explains 
  successfully explains how theirsuccessfully explains how theirhow their economic, political, and 
  economic, political, and culturaleconomic, political, and culturalcultural development since 1992 has 
  development since 1992 hasdevelopment since 1992 hasinfluenced their economic growth and 
  influenced their economic growth andinfluenced their economic growthtrade 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– AnalysisThoroughly analyzed economicPartially analyzed economicNarrowly analyzed economic 
 (weight 12%)statistic/indicators of two chosenstatistic/indicators of two chosenstatistic/indicators of two chosen 
 economies including the use of tables 
 economies including the use ofeconomies including the use of tables 
   
  and/or graphs that clearly depict GDP 
  tables and/or graphs that clearlyand/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 governmentnational government debt as a % of 
  GDP over time since 2009 for each 
  debt as a % of GDP over time sinceGDP 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 GrowthThoroughly evaluated the reasonsPartially evaluated the reasons whyNarrowly evaluated the reasons why 
 (weight 12%)why the economic growth of the twothe economic growth of the twothe economic growth of the two 
 chosen economies / countries varied 
 chosen economies / countrieschosen economies / countries varied; 
   
  from a creative and innovative 
  varied from a creative andbasically discussed how international 
  perspective. Clearly discusses how 
  innovative perspective. Clearlytrade influenced the strength of each 
  international trade influenced the 
  discusses how international tradeeconomy, as well as the role of value 
  strength of each economy, as well as 
  influenced the strength of eachchains and value-added production or 
  the role of value chains and value- 
  economy, as well as the role ofno attempt was made to evaluates the 
  added production. 
  value chains and value-addedreasons 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 MeasuresThoroughly analyzed how the failureThoroughly analyzed how the failureNarrowly analyzed how the failure to
(weight 12%)to use value-added trade measuresto use value-added trade measuresuse value-added trade measures
distorts trade statistics.
distorts trade statistics from a creativedistorts 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 inThoroughly examined more than 2Thoroughly examined 2 industriesNarrowly examined 1 or 2 industries
World Tradeindustries that have provided eachthat have provided each economy athat have provided each economy a
 
 economy a comparative advantage incomparative advantage in worldcomparative 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 ChangesThoroughly evaluated how US tradePartially evaluated how US tradeNarrowly evaluated how US trade
(weight 12%)policy changes in the last 2 yearspolicy changes in the last 2 yearspolicy changes in the last 2 years
affect global trade activities byaffect global trade activities byaffect 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’ OpinionsThoroughly discussed long-termPartially discussed long-term effectsNarrowly discussed long-term effects
(weight 12%)effects of trade and tariff policyof trade and tariff policy changesof 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 andThoroughly explained the effect ofPartially explained the effect ofNarrowly explained the effect of recent
Tariff Policiesrecent changes to trade and tariffrecent changes to trade and tariffchanges 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. CommunicationAccurate application of mechanicalRare occurrences of mechanical,Occasional or frequent occurrences of
(weight 2%)conventions enhanced the content;grammar or sentence structuremechanical, grammar, or sentence
included accurate grammar anderrors did not detract from thestructure errors detracted some from
 
 sentence structure. PowerPointcontent. PowerPoint presentationthe content. PowerPoint presentation
 presentation includes 18-22 slidesincludes 14-16 slides with clearlyincludes 11-13 slides with clearly
 with clearly detailed speaker’s notesdetailed speaker’s notes anddetailed speaker’s notes and
 and graphically pleasing visualgraphically pleasing visual elementsgraphically pleasing visual elements
 elements including graphs andincluding graphs and tables.including graphs and tables. Speaker
 tables. Speaker notes clearly conveySpeaker notes clearly convey thenotes clearly convey the details you
 the details you would give if you weredetails you would give if you werewould give if you were presenting.
 presenting.presenting. 
10. Information LiteracyFully integrated relevant supportingMostly integrated relevantMinimally integrated relevant
(weight 2%)evidence from quality sources.supporting evidence from qualitysupporting evidence from quality
 sources.
 sources or did not integrate relevant
  
   
   supporting evidence from quality
   sources.

 

 

 

 

 

 

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