Exam 4: Economic Environment

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Discuss how the economic slowdown in China would affect the growth rate in transitioning and developing countries.

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Broad slowdown in emerging economies, especially the slowdown in China, results in developing countries experiencing low economic growth. Low economic growth makes economic recovery difficult for developed countries. A combination of weak growth and tighter financial constraints present a hazard. Negative feedback loops between weak activity in the real sector, and the tightening of domestic financial conditions will create an increase in interest rates for the U.S.

If you were voting on the Brexit referendum, what would you decide? (Consider implications for various sectors)

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A British departure from the EU would cause severe damage to the UK and the world economy. Financial market volatility would increase while investor confidence in British businesses would fall. Adjustments by multiple institutions would affect the British financial sector and massive unemployment in Britain. A Brexit would not only create downturns in the British economy but in the world economy as a whole, outweighing any possible positives that can come out of leaving the EU.
The British economy will experience economic growth and be largely unaffected by the exit. The country will be free to negotiate and establish new free trade agreements that would serve the country and its economic interests. Protectionist policies would allow for greater migrant control, market regulation, and market access.

Which of the following is not an official language of the Mercosur agreement promoting free trade and the fluid movement of goods, people, and currency?

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C

Which of the following is not considered an emerging economy?

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Easy access to various goods and services and a high standard of living are characteristics of which kind of economy?

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Which of the following has not been a factor in recent low global connectedness trends?

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What is regional economic integration and why is it significant? Identify and discuss the five different levels of economic integration.

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What is the purpose of the Global Competitive Report (GCR)? How might the factors of the GCR shape economic agendas?

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Estimate potential output and output gaps between actual GDP growth and potential growth in BRICS.

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Why is the Happiness Index a useful measure of a country's economic development?

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Explain the potential pitfalls of continuing Singapore's "global city" strategy.

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Describe the advantages and disadvantages of the globalization strategy in Singapore.

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Describe the evolution and economic significance of the TPP and its impact on employment and welfare.

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What are Britain's alternatives to leaving the EU?

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Which of the following is not one of the four pillars of the DHL Global Connectedness Index?

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Which of the following is not a stated goal of the Trans Pacific Partnership?

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While transitional economies are expected to grow, they are still vulnerable to:

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Which of the following unified European markets and introduced the euro as the common currency?

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Which of the following is often used to measure the standard of living of people in a certain country?

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Which of the following countries has consistently topped the list of the Global Competitive Index?

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