Global Economics

• Answer the questions associated with one of the two report topics below.

Report Topic 1: You work at the Ministry of Commerce People’s Republic of China. The Ministry Director has requested that you prepare a policy note on the trade relationships of China with the US over the last 20 years. Your task is to prepare a policy note that covers, the following points using the relevant economic concepts you have seen during the course up to this point:
1. Expose the trends over the last 20 years of the total exports, imports and financial flows (FDI) between China and the US.
2. Identify which percentage of the total exports, which percentage of the total imports, and which percentage of the total FDI received does China represent for the USA and vice versa.
3. Identify the top 5 products or services that China has been exporting to the US over the last 20 years. Do the same for the USA to China. Have these top 5 products or services exported changed over this period? If yes, why? If not, why?
4. Identify the top 5 products or services that China has been importing to the US over the last 20 years. Do the same for the USA to China. Have these top 5 products or services imported changed over this period? If yes, why? If not, why?

The policy note should have the following structure:
o Introduction
o Research Questions
§ Answer each of the research question using a separate section for each one
o Conclusions
§ Close the policy note with your personal conclusions based on your research
o References
§ References and the Bibliography have to be in Harvard’s citation style.

Make sure you provide an objective analysis and are backed up with actual data and proper analysis of the trends and figures. Recommended sources:
• Data: Ministry of Commerce People’s Republic of China http://english.mofcom.gov.cn/
• World Bank data: https://data.worldbank.org/country
• World Trade Organization: https://www.wto.org/english/res_e/statis_e/statis_e.htm

You should use additional relevant sources: specialized press, internet material, etc.

Report Topic 2: You work at the European Department of the International Monetary Fund. The Department Director has requested that you prepare a policy note on the trade relationships of the European Union and the United Kingdom. The IMF management is concerned about the effects of the Brexit Your task is to prepare a policy note that covers, the following points using the relevant economic concepts you have seen during the course up to this point:
1. Provide general information about the UK Economy with the main macroeconomic indicators (GDP growth, unemployment rate, inflation, current account balance…)
2. Show the importance of the UK Economy for the EU economy (in percentage terms, for example: UK GDP represent xx% of the EU Economy) and the European countries trade with the most.
3. A discussion about the effect of Brexit not only for UK but also for the EU economy with regards to their balance of payments.

The policy note should have the following structure:
o Introduction
o Research Questions
§ Answer each of the research question using a separate section for each one
o Conclusions
§ Close the presentation with your personal conclusions based on your research
o References
§ References and the Bibliography have to be in Harvard’s citation style.
Make sure you provide an objective analysis and are backed up with actual data and proper analysis of the trends and figures. Recommended sources:
• Data: www.worldbank.org or national data (national statistical institute / Central Bank) You should use additional relevant sources: specialized press, internet material, etc