Jim Whitney Economics 311

Friday, February 24, 2012

 

Short Paper #1

Task: Write a brief paper about some topic related to the interactions of your country with the global economy. The paper should focus on your country in the global marketplace. You might include information regarding whether the country's government tends to pursue or limit openness. However, if you notice a specific government policy that you would like to examine, save that for Paper #2 which focuses explicitly on government policies. Here are some good options for Paper #1:
1. Write a country profile that focuses on the most important characteristics of your country's international economic situation. For example, draw on World Bank or other data to to examine the growth rates of your country's population, trade, and real GDP (total and/or per capita). Compare them to the world as a whole and discuss whether or not your country has been an aggressive "globalizer" and how that has worked out for the country. You might learn that there was a particular turning point in which the country decided to adopt more outward-looking or export-oriented policies, and then see how some of these indicators behaved before and after that turning point. Sometimes you can see turning points if you graph your country's trends. And/or, you might discuss what your country's relatively abundant factor(s) might be and whether or not its trade pattern conforms to what you might expect based on the HO trade model. In short, use your country to "test" the relevance of the international economics concepts we have covered in Part I of the course.
2. Cover a particular international economics issue that pertains to your country, applying the tools of the course to help you analyze it. For example, has child or sweatshop labor been a newsworthy issue for your country? Has labor immigration or emigration caused controversy for your country? Look into an issue of this sort and go beyond what the popular press reports to explore the issue in more depth.
3. Find information about prevailing public attitudes in your country regarding globalization. Then assess them in terms of whether they are consistent or inconsistent with some of the theories we have covered and also with the actual economic performance of your country. For example, sometimes a particular industry or group in a country is very vocal about the harm they have suffered from globalization. But at the same time, the country's economy as whole may be improving, and the substance of the complaint is about the equity effects rather than the efficiency effects of globalization.
   
The following guidelines apply to the paper:
1. It must be typewritten and double-spaced with standard margins and fonts (preferably Times New Roman, 12 point).
2. Its length should be about four pages and cannot exceed five pages, excluding tables and graphs that you might choose to include and your "Works Cited" list.
3. Consider your audience to be an intelligent reader who is familiar with basic international economics but not with the topic you choose.
4. Include outside research, and draw on in-class sources (such as our text) as well. Cite your sources--keep in mind that sources and citations are badges of honor in research papers.
5. Include a "Works Cited" page at the end of your paper. The Works Cited should include only sources that you do cite in the body of your paper. In the body of your text, you may use the format "Author (year, page)" to reference your sources for specific information.
6. Turn in (1) a hard copy of your paper and (2) a copy sent as an email attachment. You do not have to include hand-drawn materials in your email copy.
 
Tip: In the course website's sidebar, Links <http://faculty.oxy.edu/whitney/classes/ec311/links.htm> will take you a webpage with some of the international economics websites that I find useful.