Assignment Task: You are expected to write a report of around 2,000 words on the given topic. You are required to stick strictly to the word limit (1,800 minimum and 2,200 maximum). All submissions must be presented in typescript (MS Word format), 12pt, and 1.5 line spacing.
The attached figure shows the relationship between the ratio of world trade volume growth and world GDP growth. You need to explain the trend in the figure using appropriate trade theory.
Your answer should focus following issues:
Q1. Use appropriate international trade theory to explain the trend in the growth of world trade volume and the trend of the growth of world GDP.
Q2. Using examples, explain the reasons for the several ups and downs in the trend?
Q3. Explain how the recent trade war between China and the USA affects the growth of international trade? You can extend your discussion using appropriate trade theory.
The Purpose of the Essay - Essays allow us to judge your understanding of course material covered. The essay is designed to evaluate your ability to understand, organize, and communicate. It constitutes, therefore, a key element of the learning process.
A standard way to think about the planning of the structure for an essay is based on four main sections. This, of course, is a general description, but can be helpful in organizing the context. Hence, the inclusion of the following sections can be a good starting point:
1. An introduction, which should be clearly denoted by a sub-heading. The introduction has two purposes. First, to tell the reader briefly about the topic and why it is important. Second, to define up-front any key terms used and guiding the reader about your position in the essay.
2. A background section detailing the background of the company context related to the question, how others in the field (experts) have considered related issues and set the broad context of how you tackle the question. If you think you are contributing something new in the existing literature, this is where you describe in brief where your contributions lie.
3. A main section that shows how you have approached the question, what your findings are and what inferences have you drawn, which can answer the question above. This is the most detailed section of your essay and carries the most weight.
4. A conclusion which should briefly summarize your key findings and identify any of the limitations of your essay (perhaps by reference back to how others have dealt with such topics) and how these may be overcome in more advanced literature.
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