Topic 1: US-China relationship in the Global Economy

Question: Suppose that you are working for a government. You are required to prepare a 2,000-word max background paper on the US-China macroeconomic imbalance and its sustainability. Your presentation should include a description of the current account imbalance, the ChinaUS exchange rate and the China’s export-led growth strategy for the period 2000-2020. 

Instructions: – The coursework is to be submitted electronically via Moodle by 16:00 on Wednesday 14th of March. – The coursework should be submitted as a Pdf file. – This is an individual assignment to be completed independently. – Collaboration is not permitted. Cases of plagiarism will be dealt with according to university policies. – The submitted documents must include your name and degree programme, the date and the word count. – Graphs, Tables and Figures and the notes, titles, etc. Associated with them do not count towards the word limit. – Bibliography do not count towards the essay’s word limit. – Footnotes, Title, abstract, introduction, conclusion… count towards the essay’s word limit – Use economic theory as far as possible to organise your answer and provide an assessment. Title – The assignment should include a title. – It should be concise and informative. A good title can make a real difference. Abstract – A concise and factual abstract is required. Abstract must be a maximum of 100 words – The abstract should state briefly the purpose of the assignment and the major conclusions. – The abstract must be able to stand alone. For this reason, references should be avoided, but if essential, then cite the author(s) and year(s). Also, non-standard or uncommon abbreviations should be avoided, but if essential they must be defined at their first mention in the abstract itself. Introduction – Your analyses should tell a “story” which leads the reader through the steps needed to logically answer the question(s) you posed in your Introduction. The order in which you present your results can be as important in convincing your readers as what you actually say in the text. – Be very explicit in the introduction about the steps of your reasoning. Prefer an explicit ordering using `first…, second…, third…’ – Make it clear what are your conclusion of your assignment – Any non-standard or uncommon abbreviations should be defined at their first mention in the introduction. Core of the text The main text should include two or three parts (your choice!) with subtitles. The main text should include math formulas, visual and bibliographic references as described below. Math formulas – The assignment should include 2 to 4 math equations (1 won’t be enough; more than 4 will be too much) that should be displayed separately from the text – Equations should be numbered consecutively. – Each equation should be cited and explained in the main text. – In all mathematical expressions and analyses, any symbols not previously defined should be explained in the main text. Example: Graphics The assignment should include 2 to 4 `visual elements’ (1 won’t be enough; more than 4 will be too much). A `visual element’ cou – All should be possibly taken as stand-alone elements. Preferably, all words should be spelled out completely in descriptive legends. Any additional information necessary to understand it (e.g. if abbreviations are used, they should be defined in the note). – Figures and Tables are numbered independently, in the sequence in which you refer to them in the text, starting with Figure 1 and Table 1. – Every Figure and Table included in the paper must be referred to from the text. And in the text: Conclusion – The assignment should include a short conclusion – The conclusion should be less than 100 worlds – The last line of your assignment should give some perspective to the question. Bibliography – The bibliography should include between 10 and 15 references. – References should be presented in alphabetic order. – Use credible, and preferably academic sources for quotes and background information; journal articles, official reports (eg from the IMF) and working papers by academics. Blogs and Wikipedia are more dubious. – Do not cite lecture slides or lecture notes. Cite the original source of information. – The bibliography should not include a website alone. However, it may include an article found on a website. – All references mentioned in the bibliography have to be cited in the text, and vice versa – References can be in any style or format as long as the style is consistent. Where applicable, author(s) name(s), journal title/book title, chapter title/article title, year of publication, volume number/book chapter and the pagination must be present. x References in the text should be presented in the following manner: According to Pilbeam (2005) sterlized interventions is less……. In his theoretical analysis of fixed exchange rates Pilbeam (2004) found…. A study by Asteriou et al (2002) showed that…. and in the list of references at the end of the document as follows: Pilbeam, K. (2005) “The Relative Effectiveness of Sterilized and Non Sterilized Foreign exchange market interventions,” Journal of Policy Modeling, vol 27, no 3, pp.375-383. Pilbeam, K. (2004) “The Stabilization Properties of Fixed and Floating Exchange Rate Regimes” International Journal of Finance and Economics, Vol 9, no 2, pp.113-123. Asteriou, D. Karagianni, S. and Siriopoulos, C. (2002) “Testing the Convergence Hypothesis Using Time Series Techniques: The Case of Greece 1971-1996”, Journal of Applied Business Research, Vol 18, no 2, pages 125-30. Appendices – The assignment should not include any appendix.