Free and Fair Trade or Budgetary Issue Essay.
Free and Fair Trade or Budgetary Issue Essay.
Paper details
For this assignment, respond to one of the following options:
Option 1: Find a recent article (less than one month old) from a reputable news source concerning a Free and Fair Trade issue between at least two countries.Free and Fair Trade or Budgetary Issue Essay.
- Summarize the article.
- What is the issue?
- Explain why this issue is important to the global community.
- Evaluate the source.
- What is your opinion?
Option 2: Find a recent article (less than one month old) from a reputable news source concerning a proposed budgetary change.Free and Fair Trade or Budgetary Issue Essay.
- Summarize the article.
- What is the issue?
- Explain who is affected most from the change?
- Evaluate the source.
- What is your opinion?
Writing Requirements (APA format). Refer to the APA manual.
- Length: 3 full pages (not including the title or references page)
- 1-inch margins
- Double-Spaced
- 12-point Times New Roman font
- Title and Reference page required
- APA cite article with link
- Scan copy of article required
GradingThis activity will be graded based on the Assignment Grading Rubric.
Course Outcomes (CO): 5
Due Date: By 11:59 p.m. MT on Sunday
Rubric
POLI330 Week 6 Economic Policy Grading Rubric (100 pts)
POLI330 Week 6 Economic Policy Grading Rubric (100 pts)
CriteriaRatingsPts
This criterion is linked to a Learning OutcomeIdentifies local news article
5.0 pts
The student uses a relevant and timely news article.
4.0 pts
The student provides a relevant article, but it is not timely.
3.0 pts
The student did not identify relevant article.
2.0 pts
The student did not identify a relevant or timely article.
0.0 pts
No effort
5.0 pts
This criterion is linked to a Learning OutcomeSummarization
25.0 pts
The student describes the main points clearly.
22.0 pts
The student summarizes most of the main points accurately, but has some misunderstanding and may need to re-read the article.Free and Fair Trade or Budgetary Issue Essay.
19.0 pts
The student\’s description of main points is not clear or is not thorough.
15.0 pts
The student failed to summarize important information.
0.0 pts
No effort
25.0 pts
This criterion is linked to a Learning OutcomeIdentifies How Affected Option 1: Explain why this issue is important to the global community. Option 2: Explain who benefits and who might be negatively affected most from the change.Free and Fair Trade or Budgetary Issue Essay.
25.0 pts
The student identifies how the issue relates to the nations involved in the global community accurately and in detail. OR The student identifies who benefits and who is affected negatively the most with accuracy and in detail.Free and Fair Trade or Budgetary Issue Essay.
22.0 pts
The student identifies how the issue relates to the nations involved accurately. OR The student identifies who benefits and who is affected negatively the most with accuracy.
19.0 pts
The student provides some reasoning, but is not clear in explanation.
12.0 pts
The student does not adequately address an issue and its importance. OR The student does not adequately address who benefits and who is might be most negatively affected from change.Free and Fair Trade or Budgetary Issue Essay.
0.0 pts
No effort
25.0 pts
This criterion is linked to a Learning OutcomeSource Evaluation
15.0 pts
The student accurately evaluates the source.
13.0 pts
The student mostly accurately evaluates the source
11.0 pts
The student somewhat accurately evaluates the source.
9.0 pts
The student inaccurately evaluates the source.
0.0 pts
No effort
15.0 pts
This criterion is linked to a Learning OutcomeYour opinon
10.0 pts
The student provides an opinion based on solid evidence and reasoning.
8.0 pts
The student provides an opinion based mostly on solid evidence and reasoning.
7.0 pts
Student provides a reasonable opinion.
5.0 pts
The student provides an opinion that is refuted by facts.
0.0 pts
No effort
10.0 pts
This criterion is linked to a Learning OutcomeAPA: Citation and Reference Formatting
5.0 pts
Source is properly cited in the text and references page demonstrating a mastery APA format.Free and Fair Trade or Budgetary Issue Essay.
4.0 pts
Source is cited in the text and reference page. Some minor errors may exist in citation, but it does not interfere with understanding the source of the information.Free and Fair Trade or Budgetary Issue Essay.
3.0 pts
Source is cited in the text and reference pazge. Some errors may exist in citation that need to be addressed to clarify the source of information.
2.0 pts
Major errors in citation. Proper citation is missing from either within the text or on the references pages.
0.0 pts
No effort
5.0 pts
This criterion is linked to a Learning OutcomeWriting
15.0 pts
The student presents information using clear and concise language in an organized manner (minimal errors in English grammar, spelling, syntax, and punctuation).Free and Fair Trade or Budgetary Issue Essay.
13.0 pts
The student presents information using understandable language, but is somewhat disorganized (some errors in English grammar, spelling, syntax, and punctuation).
11.0 pts
The student presents information using understandable language but is very disorganized (many errors in English grammar, spelling, syntax, and punctuation).Free and Fair Trade or Budgetary Issue Essay.
9.0 pts
The student presents information that is not clear, logical, professional or organized to the point that the reader has difficulty understanding the message (numerous errors in English grammar, spelling, syntax, and/or punctuation).Free and Fair Trade or Budgetary Issue Essay.
Current Event – Free and Fair Trade
Overview
The global trading transparency and fairness have always advocated for a free and fair-trade practices, especially among the countries of good will more so those who conduct trade between themselves. As such, the World Trade Organization (WTO) has been the central focus when it comes to regulations and practices as well as dispute resolutions among the trading member countries. Free and Fair Trade or Budgetary Issue Essay.The global body sharp focus has been on the global rules of trade where fairness exists among the trading partners. Nevertheless, in the recent past, the WTO has faced its biggest test of its times when it has found itself caught in between the China and USA trade wars in relation to the tariffs. This essay will focus on US-China trade wars on tariffs based on an article published on September 15, 2020 by the New York Times business editorial section(Swanson, 2020).Free and Fair Trade or Budgetary Issue Essay.
Article Summary
The article titled“W.T.O. Says American Tariffs on China Broke Global Trade Rules” by Ana Swanson, published in the New York times on 15th September 2020, reflects on the WTO stand on the recent happenings in the trade wars between the US and China (Swanson, 2020). In 2018, the US introduced several tariffs for the China manufactured goods in the US, citing unfair trade practices that had existed for some time. On the other hand, through a complaint to the WTO, china cited several international violations that the tariffs brought along with them and also went further with retaliation by imposing tariffs on the US goods. The WTO has agreed with China that there is enough evidence that the US violated the international trade rules by imposing tariffs that did not comply with the established international trading platform.Free and Fair Trade or Budgetary Issue Essay.
The Issue
The USA has cited that it is protecting its workers and the economy at large from the China’s unfair trade practices. The introduction of tariffs was as a result of the continued oppression of the American workers and unfair trade practices which has happened Infront of WTO. Although China seems to have some trust with the WTO, the US on the other hand is of a dividend opinion that the WTO has lacked competency and it has lost focus in ensuring free and fair trading. By imposing the tariffs, the US wanted China to strengthen its intellectual property protections and make other changes to tradepolicies between the two countries as the existing ones did not go well, especially on the side of the US workers.Free and Fair Trade or Budgetary Issue Essay.
Importance of The Issue to The Global Community
Advocacy on free and fair trade have always dominated the global trade industry with several efforts being made to ensure that there exists a fair-trade dealing especially between countries. The US and China have for a long time been trading partners with each importing or exporting goods worth billions of dollars. As such, in the world economy, these two countries also standin a position that is deemed to be the world leaders when it comes to trading. By violating the international trade rules as seen from both sides, the two countries disregard the mandate of the WTO, which has been put in place to ensure that the international rules of trading are fair and are being observed at all times. The global community will draw a bad precedent in that the world trade leaders, especially the US has disregarded the same international body (WTO) that the members have put in place to regulate the trade dealings among the member countries.Free and Fair Trade or Budgetary Issue Essay.
Source Evaluation
The reporting by Ana Swanson through the New York Times seems credible with supporting facts on what has led to the WTO decision on terming US as a violator of the global trade rules. The article is coupled with facts and professional opinion from a leading US trade representative, Robert E. Lighthizer. The article offers a balance with facts drawn from both the US and China, as well as what led to the decision by the WTO, coupled with the reaction from the US administration(Swanson, 2020).Free and Fair Trade or Budgetary Issue Essay.
PersonalOpinion
The fact that the US and China are the two leading global trade partners, the debate for fairness in trading should be a two-way traffic where mutual respect and respect for the existing global trade rules must be observed at all times. As such, negotiations and trade agreements can do much better than tariffs that may have far reaching negative consequences that may affect the trade negatively. The US on its side has a duty to protect its workers and China on the other hand also owes the US an obligation that respects intellectual property protections. All WTO members are obligated to offer equal tariff rates among the body’s trading partners, a fact which both countries must observe and address with respect. Furthermore, even if the WTO found US guilty of violating the global trade rules, it should also note that the China’s retaliation on tariffs around the same period for the US goods was also illegal and thus the two countries are guilty of violating the global trading rules.Free and Fair Trade or Budgetary Issue Essay.
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