M20444 International Economics Assignment Answer UK

M20444 International Economics course explores the economic interactions between countries and how they affect the global economy. The study of international economics is crucial in today’s interconnected world, where international trade, capital flows, and investment have become essential drivers of economic growth and development.

Throughout this course, we will examine the theories, policies, and challenges that govern international economics. We will explore the benefits and costs of globalization, the role of international institutions, and the impact of economic policies on trade, investment, and development. Additionally, we will analyze the factors that influence exchange rates, international financial markets, and the distribution of income and wealth among nations.

Order your assignments for M20444 International Economics course at a reasonable cost!

At Diploma Assignment Help UK, we offer top-quality assignment writing services for M20444 International Economics course at a reasonable cost. Our team of experienced and professional writers is well-versed in the field of international economics and can provide you with custom-written assignments that are tailored to your specific requirements. We believe that every student should have access to high-quality assignment writing services, regardless of their budget.

In this section, we will discuss some assignment briefs. These are:

Assignment Brief 1: Review academic literature relating to international economics in order to make policy recommendations.

International trade has been a subject of study in economics for many years, and there is a vast literature on the topic. One area of research focuses on the benefits and costs of trade liberalization, including free trade agreements and reduced trade barriers. The consensus in the literature is that free trade agreements have overall positive effects on economic growth, job creation, and consumer welfare. However, the distributional effects of trade liberalization can be uneven, and some groups may experience negative consequences, such as job losses or wage stagnation.

Another area of research in international economics is exchange rates and their impact on trade and investment flows. Currency fluctuations can affect the competitiveness of exports and imports, as well as the cost of borrowing and investing abroad. One key policy recommendation in this area is for countries to adopt flexible exchange rate regimes that allow their currencies to adjust to market conditions.

Foreign direct investment (FDI) is another important aspect of international economics. FDI can bring in new technology, create jobs, and stimulate economic growth. However, it can also lead to concerns about the control of domestic firms by foreign investors and the potential for FDI to negatively impact labor and environmental standards. Policies aimed at attracting FDI should balance the benefits and risks of foreign ownership and provide safeguards to protect workers and the environment.

Globalization and technological advances have also contributed to the rise of international outsourcing and offshoring. Some argue that these practices can lead to job losses in high-wage countries and exacerbate income inequality. However, others contend that outsourcing and offshoring can lead to cost savings for firms, increased productivity, and greater specialization. Policy recommendations in this area should focus on balancing the benefits and costs of outsourcing and offshoring, ensuring that workers are not left behind, and investing in education and training programs that prepare workers for changing job markets.

Finally, international economics also encompasses issues related to international monetary policy, international financial institutions, and international development. One key policy recommendation in this area is to support international financial stability by promoting cooperation among central banks and international financial institutions, such as the International Monetary Fund. Other recommendations include increasing financial assistance to developing countries, promoting debt relief, and investing in infrastructure and education in low-income countries.

Assignment Brief 2: Assess the trading performance of the UK and other countries in the global economy.

Assessing the trading performance of a country involves analyzing various economic indicators such as the balance of trade, exports, imports, and foreign direct investment (FDI). In the case of the UK and other countries in the global economy, the following can be said:

United Kingdom (UK):

1. The UK is the sixth-largest economy in the world and has a significant presence in the global economy. The country is a member of the European Union (EU) and has benefited from the EU’s single market and customs union. However, following Brexit, the UK has been negotiating new trade deals with countries worldwide. In 2020, the UK exported goods worth £280.8 billion and imported goods worth £372.5 billion. The country had a trade deficit of £91.7 billion. The UK’s top trading partners are the US, Germany, China, and the Netherlands. The UK is also the second-largest recipient of FDI in the world after the US.

United States (US):

1. The US is the largest economy in the world and has a dominant position in the global economy. In 2020, the US exported goods worth $1.4 trillion and imported goods worth $2.3 trillion. The country had a trade deficit of $946 billion. The US’s top trading partners are China, Canada, Mexico, and Japan. The US is also the largest recipient of FDI in the world.

China:

1. China is the second-largest economy in the world and has experienced rapid economic growth in recent years. In 2020, China exported goods worth $2.5 trillion and imported goods worth $2.1 trillion. The country had a trade surplus of $422 billion. China’s top trading partners are the US, Japan, South Korea, and Germany. China is also the third-largest recipient of FDI in the world.

Japan:

1. Japan is the third-largest economy in the world and has a highly developed manufacturing industry. In 2020, Japan exported goods worth $698 billion and imported goods worth $605 billion. The country had a trade surplus of $93 billion. Japan’s top trading partners are China, the US, South Korea, and Australia. Japan is also a significant recipient of FDI.

Assignment brief 3: Identify and analyse different theoretical models of international economics in light of ‘real world’ situations.

International economics is a complex and multifaceted field that seeks to understand the economic interactions and relationships between countries. There are several theoretical models of international economics that have been developed over time to explain different aspects of international trade and finance. In this response, I will identify and analyze four of the most prominent theoretical models of international economics and their relevance to real-world situations.

Comparative Advantage Model:

The comparative advantage model is one of the oldest and most well-known models of international economics. Developed by David Ricardo in the early 19th century, this model argues that countries should specialize in producing goods in which they have a comparative advantage (i.e., where they can produce at a lower opportunity cost) and trade with other countries to obtain goods in which they do not have a comparative advantage.

In the real world, the comparative advantage model helps to explain why countries engage in international trade and how trade can be mutually beneficial. For example, a country like China may have a comparative advantage in producing low-cost manufactured goods, while a country like Canada may have a comparative advantage in producing natural resources such as timber and minerals. By trading with each other, both countries can benefit from access to goods that they cannot produce efficiently themselves.

Heckscher-Ohlin Model:

The Heckscher-Ohlin model is another important theoretical model of international economics. Developed in the early 20th century by two Swedish economists, this model argues that countries will specialize in producing goods that make intensive use of their abundant factor of production (i.e., labor or capital) and trade with countries that have different factor endowments.

In the real world, the Heckscher-Ohlin model helps to explain why countries trade in different types of goods and services. For example, a country like the United States, which has a relatively abundant supply of capital, may specialize in producing high-tech products that require significant capital investment, while a country like Bangladesh, which has a relatively abundant supply of labor, may specialize in producing low-cost garments that require significant labor inputs.

Gravity Model:

The gravity model of international trade is a more recent theoretical model that has gained popularity in the last few decades. This model argues that the volume of trade between two countries is proportional to their size (measured by GDP) and inversely proportional to the distance between them.

In the real world, the gravity model helps to explain why countries tend to trade more with their neighbors and with larger, more economically powerful countries. For example, the United States and Canada have a significant amount of trade between them, in part because they are close geographically and have similar levels of economic development. Similarly, China’s trade with the United States is much greater than its trade with smaller, less economically powerful countries in the region.

Balance of Payments Model:

The balance of payments model is a theoretical framework used to analyze a country’s international transactions. This model focuses on the various components of a country’s balance of payments (i.e., current account, capital account, and financial account) and how they interact to affect a country’s overall trade and financial position.

In the real world, the balance of payments model helps to explain how changes in trade and capital flows can affect a country’s exchange rate, interest rates, and overall economic performance. For example, if a country experiences a large trade deficit (i.e., imports exceed exports), it may need to borrow from other countries to finance its current account deficit. This can lead to higher interest rates and a depreciation of the country’s currency, which can affect the country’s overall economic growth and stability.

Assignment brief 4: Examine the linkages between international trade, currency and capital markets.

International trade, currency, and capital markets are all interconnected and influence each other in various ways. Let’s examine the linkages between these three important aspects of the global economy:

1. International Trade and Currency: International trade involves the exchange of goods and services between countries. Currency plays a crucial role in facilitating international trade as it enables the buyer and seller to exchange goods and services for money. When two countries trade with each other, they must agree on the price of the goods and services being exchanged. This price is typically denominated in the currency of one of the countries, which then creates a demand for that currency. For example, if a US company exports goods to Japan, the Japanese buyer will need to purchase US dollars to pay for those goods, which increases the demand for US dollars and therefore strengthens the value of the US dollar.
2. International Trade and Capital Markets: International trade is also closely linked to capital markets, which refer to the buying and selling of financial assets such as stocks, bonds, and currencies. When countries trade with each other, they often require financing to pay for the goods and services being exchanged. This financing can come from the capital markets, where investors provide funding to companies and governments. The more active a country is in international trade, the more likely it is to require financing from the capital markets, and this can affect the cost of borrowing for that country.
3. Currency and Capital Markets: Currency values are determined by supply and demand factors in the foreign exchange market, which is a subset of the capital markets. Changes in currency values can have a significant impact on the cost of financing for companies and governments. For example, if a country’s currency weakens, its borrowing costs may increase as investors demand higher returns to compensate for the additional risk. Conversely, if a country’s currency strengthens, its borrowing costs may decrease as investors see it as a more stable investment.

Paying Us Just A Few Bucks Can Get Your M20444 INTERNATIONAL ECONOMICS Assignment Answers In No Time At All!

The statement above highlights that the assignment sample being discussed is related to M20444 INTERNATIONAL ECONOMICS. This particular assignment serves as an example of the high-quality work that the experts at Diploma Assignment Help UK provide to their clients.

Our assignment help company not only specializes in M20444 but also provides a diverse range of assignment help services, including CIPD assignment help, HND assignment help, and more. This implies that the company has a team of experts who possess a wide range of knowledge and expertise in various fields. Moreover, the company also offers online homework help service in Ireland, indicating that it has a global reach and can cater to the academic needs of students worldwide.

Thus, if you need any kind of academic assistance or support, you can reach out to the experts by requesting them to “do my assignment for me UK“. They will provide you with customized solutions to meet your specific academic requirements and ensure that you achieve your desired academic outcomes.