Comparative Advantage and Specialization
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
Economic Growth: Comparative Advantage and Specialization
Economic Globalization Assignment
Economic Growth: Comparative Advantage/Specialization
Capital Flows Technology
movement and Improvements
of Financial Markets transportation/
across borders communication
Public Policy: Trade Agreements
Introduction: Of late, there has been a growing debate on globalization. Those advocating the policy argue that globalization reduces it helps both developed and developing countries to be more competitive and, in turn, achieve higher economic growth. This is done by minimizing inefficiencies in the production systems, liberalizing international trade, free-flow of capital and labor as well as transfer of technology. On the other hand, those against argue that globalization has brought more destruction. For example, it has led to job losses particularly to national countries as more multinational companies relocate to regions and/or countries where they can benefit from lower labor wages. They go on to say that globalization has also killed local industries as they could not stand competition from multinational companies. For developing countries, globalization has also posed a threat to the agriculture sector as their markets get flooded with products from developed countries. The above figure shows a number of factors contributing to globalization.
Purpose: This assignment is designed to test your understanding of the definition of globalization, fundamental attributes of globalization and factors driving it. In addition, the assignment is aimed at assessing the degree to which ECON 2020 students can effectively communicate their arguments and influence decision-making.
Approach: Using the questions below, write a six-page essay.
1) What does the term ‘globalization’ mean to you?
2) Select any of the two factors of globalization from the above diagram and explain how they contribute to the process of globalization?
3) How does globalization impact you in your daily life?
Submission of the Assignment: Your essays must be well thought out using complete sentences in standard English. Use MLA (or APA) writing standard. The essay must have citations. Also, include references. The following video: Https://www.youtube.com/watch?v=3oTLyPPrZE4 should assist you to get started. Upload your Word file to the ECON 2020 — Economic Globalization Factors drop box
Writing Standards: Things to remember about MLA
- Margins: 1″ margins on top, bottom and sides.
- Font:Set to 12-point Times New Roman
- Paragraph:Every paragraph indented ½ inch.
- Line Spacing: One and half space every line beginning to end in your essay.
- Last Name and Page Number:Top right ½ inch from top.
- Paraphrase Citation:When you use paraphrasing to make a passing reference without taking up much space or when you use an author’s idea rephrased in your own words you must still cite the idea. Insert (Brown page #) at the end of the sentence before a period.
- Block Quote Citation:When citing more than three lines, indent quoted material 1 inch using no quote marks. End with (Brown page #) after the last period in the quote.
- Inline Citation: When citing less than 3 lines, put material in quote marks followed by (Brown page #) before final sentence period.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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