Cours De Gestion

International Economics Essay
Individually, write a 2,000 word critical essay on one of the topics outlined below. Please use the respective article as a starting point for your essay. Do not summarize the article. Include a bibliography with any of the references used to write your essay. The essay that corresponds to you is determined according to the first letter of your surname. ArticleArticle 1 Article 2 Article 3 Article 4 Article 5 Surname A-E F-J K-O P-T U-Z

Deadline: Thursday, 23rd of December, 1pm.

Article 1: Time for the greening of global trade Is there a conflict between international trade and the environment? Discuss and propose mechanisms which potentially alleviate this conflict. Article 2: Big currency bargain risks emerging market bubble Discuss the currentcurrency wars in a global context, focusing on the interplay between economics and politics. Use your financial history knowledge to explain which potential outcomes may seem most plausible. Article 3: Irish lessons for the eurozone Discuss the Eurozone debt crisis (causes and consequences) and what implications it may have on the Euro. Article 4: Grain export bans create fresh problems Discuss therelationship between restrictions to trade and international prices of commodities. What are the causes and potential consequences? Discuss the implications for international policy. Article 5: Big Mac index gives more than a taste of true worth Discuss the rationale for the theory of PPP. What does evidence say? Discuss the relationship between prices and exchange rate.

Article 1: Time for thegreening of global trade
By Chandran Nair . Published: November 18 2009 15:43 | Last updated: November 18 2009 15:43. http://www.ft.com/cms/s/0/3bb01338-cd20-11de-a74800144feabdc0.html#ixzz15dh9RYf5 To suggest that free trade is destructive is to invite controversy. But the reality is that free trade must be constrained: it encourages the unrestrained consumption of goods and services, therebyplaying a negative environmental role globally. The conventional wisdom promoted by economists has created the myth that trade naturally contributes to sustainable development by promoting the efficient allocation of resources, economic growth and increased income levels. The huge increase in trade since the mid-20th century has exacerbated a gross underpricing of environmental externalities. Thisis especially visible in the developing world. There is no denying that trade is vital, that it is very much part of what drives the human desire to be resourceful, that it creates economic activity and thus is even essential for human development. But with a global population heading for 9bn by 2050, it cannot be business as usual. Global trade must change. Above all, new international agreementsthat put environmental challenges at the centre of global trade are long overdue. Key to this will be using trade controls to reduce environmental impacts and even restricting some forms of consumption. After all, for the most part, trade in ivory is restricted, as is the sale of certain vehicles in some countries. Charges of protectionism against such actions must be fought by having in placevery clear international agreements. What we need is a new World Trade Organisation – one that creates a new system of agreements that can clearly distinguish environmental action from blatant protectionism. Conscious and even rules-based consumption will need to replace that which is conspicuous and encouraged by hiding the true costs. Sectors such as fisheries, industrial meat production, forestryand manufacturing are obvious targets for action. These sectors create significant impacts and can be reshaped but politicians need to be bold. It is entirely possible to design economically viable schemes that make most ocean-caught fish certified to sustainable standards and meat priced to take account of the large carbon footprint and water intensity of current inefficient processes. Efforts...