China-US Trade Friction: What impact an ongoing trade dispute between these two powers could have on economic, political, social and cultural globalisation.

Assignment Question

In an article published online by CNBC, Yen Nee Lee reports on friction between the USA and China, which led to the Chinese government issuing a white paper accusing the US of “trade bullyism practices” that have become “the greatest source of uncertainty and risk for the recovery of the global economy.”

  • How do these comments fit with the key discourses around Globalisation.
  • Discuss, with reference to the rhetoric of both the US and China, what impact an ongoing trade dispute between these two powers could have on economic, political, social and cultural globalisation.

Lee, N. Y. (2018) China reveals its new party line: We’re trying to save the world from

the US. Online. Available at: https://www.cnbc.com/2018/09/25/trade-war-china-whitepaper-on-trade-bullyism-practices-by-the-us.html

Further Guidance

As a general suggestion regarding the proportion of the text you should allocate to the

two parts of the assignment question, aim for a split of 40/60 between the first and

second part (40% for part one and 60% for part two).

In answering the second part, consider the viewpoints and theories covered in the module

and what perspectives these might bring to considering the issue.

In addition to the guidance in the Programme Handbook, the following points may also

help you produce a good piece of work:

  • You must address the question asked and not try to re-define it to allow you to

write about something else. ‘Not answering the question’ will result in a significant

loss of marks.

  • Your essay must be properly referenced:

o only sources cited in the text of your answer should be included in the bibliography;

o all sources (including those for any numeric examples used) should be acknowledged;

o there should be no references in your answer to sources which are not in your bibliography BUT if you have not consulted the reference directly

yourself you should indicate in the text of your answer the secondary source

from which it comes. It is this secondary source which should be in your

bibliography.

  • While selective quoting within quotation marks is acceptable, listing a reference in

the bibliography does not make it acceptable to copy sections of a book or article

into your answer. You must aim to summarise more extensive points in your own

words.

  • Plagiarism is regarded as a most serious instance of academic misconduct and is

dealt with accordingly.

  • Being asked to discuss something is not the same as being asked to list things. A

discussion will consider alternative points of view (ideally from academic sources)

as well as your own thinking, and evaluation of these points should be central in

the discussion of the topic.

It is expected that you will consult academic journals as well as professional journals,

textbooks, and other sources.

Many textbooks cover much the same information and you are only duplicating this when

you consult numerous different textbooks.

Textbooks tend not to have very up to date content and journal sources are vital for this.

At the same time, indiscriminate referencing is no guarantee of a good assignment. Part

of the assessment is to see how able you are to identify and use selectively the most

relevant and reliable sources.

In addition to the above, the following points will also contribute to a better quality

assignment:

  • Evidence of a good understanding of key concepts and ideas
  • An argument development that hangs together as a whole
  • Inclusion of examples/illustrations where relevant
  • Substantiated conclusions
  • Last but not least, some creativity and originality!

References

A good starting point for your reading when preparing your assignment are the following:

D’Arista, J. (2008). “Replacing the failed Washington consensus.” Journal of Post Keynesian

Economics 30(4): 523-540.

Davidson, P. (1997) “Are grains of sand in the wheels of international finance sufficient to

do the job when boulders are often required?”, Economic Journal, 107 (442): 671–686

De Angelis, Massimo (1999) “Capital movements, Tobin tax, and permanent fire prevention:

a critical note”, Journal of Post Keynesian Economics, 22 (2): 187–195

Dorrucci, E. and J. McKay (2010). “The International Monetary System After the Financial

Crisis.” ECB Occasional Paper(123).

Eichengreen, B. and Mussa, M. (1998) Capital Account Liberalization: Theoretical and

practical aspects (Washington: International Monetary Fund)

Eichengreen, B, Tobin, J. and Wyplosz, C. (1995) “Two cases for sand in the wheels of

international finance”, Economic Journal, 105 (428): 162–172

Mateos y Lago, I., R. Duttagupta and R. Goyal (2009). The debate on the international

monetary system, International Monetary Fund.

Rogoff, K. (1999). “International institutions for reducing global financial instability.” The

journal of economic perspectives 13(4): 21-42.

Santor, E. and L. Schembri (2011). “The International Monetary System: An Assessment and

Avenue for Reform.” Bank of Canada Review 2011(Autumn): 1-11.

Stiglitz, J. E. (2006). Making globalization work. London, Allen Lane.

Tobin, James (2003) “A proposal for monetary reform”, Eastern Economic Journal, 29 (4):

519–526

Word limit: 3500

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