Course Work

Your job is to comment on the discussion, for four students and a response for one student .Please find my position in the attached section.

 

Don't use plagiarized sources. Get Your Custom Essay on
Course Work
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

 

STUDENT 1 ANSWER

 

Covid Affect of Globilzation of Production

COLLAPSE

It is crazy to see that it will be almost a year since the covid had hit us and impacted the world in a bad and good way. In the very first chapter we learned quite a bit about the Globalization of production, this affected everyone in the country because it meant that country that had to shut down to stop the spread the virus also had to its manufacturing and business with the advisement from the government. This quickly cause panic to all the world leader as this cause a lot of head aches for the logistic people working in the company as well.

 

Key Things on How Covid affected Globalization of production:

· This perfect key can be pin pointed to a term called sum-zero since a lot of country had to be shut down a company had to do one or two thing either move production to another country that hasn’t been affected by it in order to meet supply and demand quotes or stay with the same country of production and halt production and risk losing profit at the end. If the country decides to move production elsewhere that country becomes the loser because it will lose its foreign direct investment from the company. The company that is moving its business else where in this case will be the winner because it is still able to keep up production while helping another country give them more job to their people that will help the new country increase their GDP power in the meantime.

· Thanks to online technology it has made possible for companies like amazon and other to still produce and sell good while keeping us safe during the pandemic. In the era of globalization of production, we are now using online retail more then ever. This mean brick and mortar store can keep on running however people have a choice on how they want to get their product and they can do it safely with in them on home. I believe that with online shopping online grocery shopping will become more popular then ever. With online technology in globalization of production its more easier to maintain the technology and far more easier to reach to dozen of more buyers even if buyers during pandemic continue to decrease because of covid and everyone is trying to save money. With this pandemic we will likely see more production to be shift online once we are able to fully automate manufacturing jobs. However, this would mean more loss of job to people how use to work in them that is taken over by robots this probably won’t happened at least for another decade.

 

Link to Article:

https://hbr.org/2020/05/will-covid-19-have-a-lasting-impact-on-globalization

 

 

 

 

STUDENT 2

 

 

Covids Effect of the Economy

COLLAPSE

1.

WTO, “Trade set to plunge as COVID-19 pandemic upends global economy”, https://www.wto.org/english/news_e/pres20_e/pr855_e.htm
World Bank, “The Global Economic Outlook During the COVID-19 Pandemic: A Changed World”, https://www.worldbank.org/en/news/feature/2020/06/08/the-global-economic-outlook-during-the-covid-19-pandemic-a-changed-world
IMF Blog, “COVID’s Impact in Real Time: Finding Balance Amid the Crisis”, https://blogs.imf.org/2020/10/08/covids-impact-in-real-time-finding-balance-amid-the-crisis/

2. The effects of covid on global trade and the economy addressed in the articles I read consisted of Gross National Income, the cost of living based on the Purchasing power Parity and economies of scale. Porter’s Diamond is a key representation of how businesses and governments are handling the situation. Supply and demand, tariffs, administrative policies are all effected and discussed. Government Intervention is a main discussion point in this last year. Transportation and Trade barriers was covered in the articles. Also, the topic of changing exchange rates and the IMF is of importance when related to the topic.

3. We live in a world so globalized right now that almost every industry is affected in some way or another by the pandemic. Overall, we are seeing a huge drop in GDP by 5.2% globally. This is because of lower investments, less trade agreements, and the decrease in the ability of being able to work and go to school. World trade is set to plummet roughly 13% to 32% by the end of 2020, which is greater than the 2008-2009 economic crisis. Automotive manufacturers, electronic manufacturers, trade services such as transport and travel services, which are all connected through a complex interdependent economic chain, have seen the greatest fall. There has been less of a demand for important metals such as steel, aluminum and platinum which have led to a decrease of imports and exports. This is due to the administrative policies put in place due to bans, limitation of imports, mandatory lockdown stringency and other social distancing policies. Nations that are less developed, with more manufacturing jobs and less technically based jobs, which need to be present to work, are the ones hurting the most. This has led to developing nations being the most impacted during this time period. The only way for the global economy to recover from the pandemic is for policy makers address the health crisis and contain the short-term economic damage.

4. I feel like it is hard to disagree with the authors because we have all seen first hand the effect of the pandemic not only on ourselves but also the community. Many people have lost jobs, being unable to purchase products the way usually take for granted. Being a mechanic, I’ve seen the first-hand effect of the pandemic on small businesses. When businesses close down, whoever they received their supply from is affected, and then the manufacturer is affected, and so on and so forth. Being in a 21st globally connected economy, the only way for the economy to succeed is by following quarantine and social distancing practices so that the pandemic can eventually wither away. When society can flourish again, we will see an increase in the market, more trade and less regulations. I think the future effects of trade will be more globally interconnected. Corporations have seen that people can work efficiently from home, so more and more jobs will be from home. That being said, people will be hiring jobs internationally. The services and telecommunications industries, will be more globally connected causing a more harmonious society. And the more connected we are the easier it will be for trade to be conducted internationally.

 

 

 

STUDENT 3

 

 

 

 

Title: – COVID- 19 Impact On The Jobs Of Future

Link: – https://search-proquest com.mutex.gmu.edu/docview/2383412742?accountid=14541&rfr_id=info%3Axri%2Fsid%3Aprimo

Citation: – Karunjit Kumar Dhir. (2020). COVID- 19 Impact On The Jobs Of Future. Business World.

 

Q2. There are many aspects covered in these articles which I read. I read more then 6 article and among them I choose these three because these three articles cover a lot of great points. there was interdependence aspect of international trade covered in these articles. Free trade aspect was also mentioned because countries in this difficult time needs to work together to stable the economy. Right now, it is hard to find the jobs as well and people need to polish and increase their skills to get the jobs and stay in competition. Right now, everything is becoming very competitive.

5. Q3. In these articles’ authors argued about many aspects of trade and economy not only domestically but also internationally and how Covid -19 has affected everything around the world. The COVID‐19 pandemic broke out at a time when there were heightened uncertainties in the global economy. Covid-19 damaged global economy very badly and it will take some time to recover from it. One of the author also mentioned that from now on people would need some new level of skills to get the jobs because time has changed so the way people use to do things. There is an annual report from World Trade Organization which is mainly focused on detailed data for trade patterns from the previous year. I find that it requires some mental effort to remember what the world economy looked like in 2019, but of course, trade tensions were already high. The value of global merchandise trade fell. Some author also argues that to fight this pandemic and turn this to our advantage we need on three things which are Structural reform, Technology advancement or use of new technology and re-integration.

6. Q4. I highly agree with authors because they made really good points regarding the impact of covid 19 on world economy and trade. For example, in on of the article it is said that it will become hard to get jobs and that is true because right now I am looking for new jobs and I am not even getting a interview call at the moment. This is also the sign of economy going down and all this is happening because of Covid 19. People would need to learn new way to do things. Covid impacted our world in a way for which we were not prepared at all. Remote and digital working will become the new norm. I also strongly believe that Asian economies outside China will see an increase in manufacturing jobs. I am concerned about the slowdown in trade. We all know that global trade used to grow at almost twice the rate of global economic growth. And that was helping to draw and lead to further global economic growth. That changed in year 2020. I think it will take long time to recover from this just like it took us forever to recover from 2008 crisis, seems like these will be long-term effect of the current crisis.

 

 

 

 

 

 

STUDENT 4

 

Global Trade and COVID-19

COLLAPSE

1. K. Hassani, & S. Dost, Turkish Economic Review, 7(2), 2020, p.103-110. https://wrlc-gm.primo.exlibrisgroup.com/permalink/01WRLC_GML/19u1omk/cdi_proquest_journals_2439050715

Johnson, Renée. “COVID-19 : Supply Chain Disruptions in the U.S. Fruit and Vegetable Industry : in Brief .” Congressional Research Service, 2020. Print. https://wrlc-gm.primo.exlibrisgroup.com/permalink/01WRLC_GML/1prj2t5/alma9912980632904101

Evenett, Simon J. “Sicken Thy Neighbour: The Initial Trade Policy Response to COVID‐19.” World economy 43.4 (2020): 828–839. Web. https://wrlc-gm.primo.exlibrisgroup.com/permalink/01WRLC_GML/19u1omk/cdi_gale_businessinsightsgauss_A630255959

 

2. The articles above discuss a number of trade topics we have covered including subsidies, tariffs, export bans, product safety requirements, and local content requirements.

3. The first article from the Turkish Economic review focuses on how the world was affected by the significant decrease in production and subsequent decrease in exports from China. The biggest takeaways were that GDPs around the world, particularly in the US and UK would drop due to a decrease in imports from China during the pandemic. This is significant because it shows that our global economy is completely intertwined at this point and a decrease in production halfway around the world can significantly hurt businesses and consumers alike in the US.

The second article from the Congressional Research Service focused on how the pandemic affected the agricultural industry in the United States. Since the beginning of 2020, prices on fruits and vegetables grown in the United States have dropped due to a decrease in exports. The significant thing here is that there was an increase in subsidies payed to farmers in the US in the form of the Coronavirus Food Assistance Program to help during the pandemic. Just from a national security perspective, it is always a good idea to ensure that your country maintains the ability to produce food for its citizens. This subsidy will help farmers to an extent, but for many it will fall well short of their expected losses due to the pandemic.

The third article from The World Economy discusses the issues countries face with medical equipment and supplies during the pandemic. Many nations have adopted a policy of ceasing imports of medical supplies for fear of lower quality products that do not meet safety standards, meanwhile other countries have banned exports of medical supplies to ensure their country’s citizens are taken care of. The article goes on to discuss times throughout history that export bans have been put in place out of fear, particularly regarding food and how they have been ineffective at curbing fear and generally have just made global collaboration and problem solving more difficult. In times of crisis we need to come together and pool our resources to find a solution, not shut each other out because of fear or nationalism.

4. I agree with most of the points made by the authors. The Covid-19 pandemic has led to a significant overall decrease in international trade as well as a decrease in GDPs for almost all countries around the world. In the long term, I am hopeful that global trade will recover to pre-Covid-19 levels in the not too distant future, but this pandemic may make countries fearful to be reliant on outside countries for essential products. Many countries saw a huge decrease in imports, particularly from China which is the largest exporter in the world. Some of the shortages were self-inflicted do to import bans for fear of product safety

 

 

STUDENT WHO COMMENTED ON MY WORK

I am actually quite curios to how this would affect to black Friday , because we can all agree that this is probably the place where the most global econmy trade happens as well when many diffrent copmany from diffrent country try to sell stuff on amazon and etc. Even though trade may be disrupted we’ve seen other area that are more important then ever to get the products of good to the people. We can all agree mail carrier are super important which is why it makes more sense for them to increase there charge as there demand for more shipping increases world wide.

https://www.bloomberg.com/news/articles/2020-07-31/parking-lot-sales-october-deals-black-friday-gets-reimagined

Homework Paper
Order NOW For A 10% Discount!
Pages (550 words)
Approximate price: -

Our Advantages

Plagiarism Free Papers

All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.

Free Revisions

All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.

Free Title-page

A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.

Free Bibliography

Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.

Originality & Security

At Homeworkpaper.net, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.

24/7 Customer Support

Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We work around the clock to see best customer experience.

Pricing

Flexible Pricing

Our prices are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.

Communication

Admission help & Client-Writer Contact

When you need to elaborate something further to your writer, we provide that button.

Deadlines

Paper Submission

We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.

Reviews

Customer Feedback

Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.