12 Jul EXPLAIN FACTOR PROPORTIONS THEORY AND INTERNATIONAL PRODUCT CYCLE THEORY.
Answer the following 3 questions (each approximately 500 words):
What is globalisation and how does it affect domestic businesses? In your response, include a definition of globalisation, and discuss at least three positive and three negative impacts of globalisation. (6 marks)
Explain Factor Proportions Theory and International Product Cycle Theory. Also discuss one limitation for each of these two theories using real examples. (6 marks)
Donald Trump, president of United States of America, announced the imposition of tariff on Chinese imports in the recent past. Based on your understanding of the first 3 topics of this unit, (i) what could have been the reason/logic behind such a comment/decision, and (ii) what are the implications of such an intervention on domestic consumers? (8 marks)
You are expected to use at least 5 academic sources (excluding the textbook) to support your viewpoints.
Please place the word count for this assignment on the cover sheet. 10% more or less than 1500 words is acceptable. The marker may, at their discretion, discontinue marking if you go above 10% of the recommended word limit.
Marking Criteria:
Question 1 Question 2 Question 3 Total Marks (marking criteria-wise)
Demonstration of theoretical understanding 4 3 4 11
Quality of arguments supporting the given answer 1 2 3
Communication (spelling, grammar, sentence construction) 1 1 1 3
References (referencing format, quality of the source cited) 1 1 1 3
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