Does outward FDI deindustrialise or enrich Western nations?.
International Trade – Assignment
This is an individual essay, which accounts for 30% of your overall mark. The
word limit is 2000 words. The submission deadline is 18:00 AEST on Monday,
3 October 2016, and submissions should be typed and submitted electronically
in pdf format to me. You are strongly advised to keep a hard copy.
This assignment gives you an opportunity to explore in greater depth a topic
within the subject that happens to interest you. In essence, your assignment
should seek to apply some of the economic theory studied to a particular real-
world case study, policy debate or controversy. Examples of possible titles
include:
_ Are global1 trade2 patterns consistent with economic theory?
_ How might democratic states avoid a `protectionist backlash’ against free
trade?
_ If there are gains from trade liberalisation, then why do countries so often
choose protectionism?
_ What is the proper role of free trade within successful economic policy?
_ Is trade liberalisation necessary for economic growth and development?
_ Does inward FDI bene_t developing countries or are they exploited by
MNEs
_ Does outward FDI deindustrialise or enrich Western nations?
Or any other title within the scope of the subject that reects your own partic-
ular interests. If you choose your own title, you may wish to check its suitability
with me. (A word of advice: In order to focus your work, it can often be a good
idea to frame your title as a question.)
An important part of this assignment is the work you put into framing and
then researching your own topic. Possible sources of inspiration for a title are
the assigned textbook and a selection of journal readings listed below. Please do
feel free to consult me concerning your ideas for a title and/or possible sources
for background reading and research.
In addition to the assigned readings and other journal articles that you _nd
for yourself, you may _nd it useful to refer to articles on globalisation and/or
country case studies from quality media outlets (e.g. The Economist, the Fi-
nancial Times etc.) during your research. The official publications of relevant
international bodies (e.g. the World Trade Report from the WTO, and the
World Investment Report from UNCTAD) are also extremely useful sources of
material. It should go without saying that you should avoid plagiarism. Be sure
to include references for any material (e.g. quotations or illustrations) that is
not originally yours. If you are unsure about plagiarism/referencing rules, then
please consult the relevant pages in the Subject Learning Guide.
In terms of the structure of your assignment, it is generally expected to in-
clude selective surveys of the relevant economic theories and empirical material,
together with an evaluative discussion of how well the two _t together and/or
the implications for public policy. The _rst part, the surveying, is essentially
descriptive, and doing it well will usually get you into mid 60s to 70s terri-
tory. In the second part, the evaluation, you demonstrate that you are able
to apply the economic theory (e.g. that you understand its implications and
strengths/weaknesses in a speci_c context). Doing this well requires skills of
criticism and evaluation, and will typically increase your mark into the mid 70s
and above range if you are able to show how your conclusions follow from empir-
ical evidence and/or economic theory (i.e. your conclusions should be supported
by your analysis and should not be free-oating assertions).
A selection of Journal articles:
Freeman, Richard. 2005. \What really ails Europe (and America): the
doubling of the global workforce.” The Globalist.
Available at http://www.theglobalist.com/storyid.aspx?StoryId=4542
Freeman, Richard. 2004. \Trade wars: the exaggerated impact of trade in
economic debate.” The World Economy, 27(1): 1-23
Glyn, Andrew. 2004. \The assessment: how far has globalization gone?”
Oxford Review of Economic Policy, 20(1): 1-14.
Krueger, Anne. 1998. \Why trade liberalisation is good for growth.” The
Economic Journal, 108: 1513-1522.
Krugman, Paul. 1993. \What do undergrads need to know about trade?”
American Economic Review, 83(2): 23-26.
Krugman, Paul. 1993. \The narrow and broad arguments for free trade.”
American Economic Review, 83(2): 362-366.
Krugman, Paul. 2008. \Trade and wages, reconsidered.” Brookings Papers
on Economic Activity, Spring: 103-154.
Rodrik, Dani. 1998. \Globalisation, social conict and economic growth.”
The World Economy, 21(2): 143158.
Slaughter, Matthew. 1999. \Globalisation and wages: a tale of two perspec-tives.” The World Economy, 22(5): 609-629.
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Does outward FDI deindustrialise or enrich Western nations?
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