gb540 unit 4 assignment

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Discussion Topic 1

There are a number of economic and non-economic factors that affect long-run economic growth of countries. Among these factors, roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita are widely discussed. Governments also play their roles in promoting and sustaining long-run economic growth of countries.

Empirical studies indicate that natural resources no longer play the largest role in affecting long-run economic growth since some of the natural resource rich countries are much poorer than natural resource poor countries.

Based on your reading of Chapter 25, other course materials, and your knowledge and experience, analyze the following questions. 

·               What factors might contribute to a low or high growth rates in a country? Why do some poor countries experience higher growth rates than others when all face the same challenges?

·               Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain the reasons behind growth disparities among countries?

·               How can sustainable long-run economic growth be realized? What are the roles of the government in achieving sustainable long-run economic growth?

Discussion Topic 2

Gross Domestic Product (GDP) measures the market value of all final goods and services produced within a country in a given period of time. In other words, GDP measures continuous flow of money from households to firms and then back to households in the whole economy. (Refer to Chapter 24)

The trend of the GDP growth rates is the key indicator of macroeconomic fluctuations (business cycle), which include expansion, boom, contraction, and recession. Thus the real GDP is used to explain how well the overall economy of a country is performing whereas GDP per capita is used as a natural measure of the economic well-being of the average individual in a given country.

However, there are limitations (shortcomings) in using the GDP as a measure of national income as well as a measure of national welfare.

1.        What are the limitations of the GDP in measuring total output and national welfare? What products (services) are excluded from the GDP computation?

2.        Is the GDP measure underestimating or overestimating national production and total income in the economy? Why?

3.        What are the impacts of the shortcomings of the GDP as a measure of the national product and national welfare?

 

 

ASSIGNMENT

Select a GLOBAL Fortune 500 company (it cannot be one you work for) that operates in the United States and in other nations around the world. You will be using the same firm for the Unit 5 Assignment and the Unit 6 Final Project, so make sure it is one you are interested in and that has plenty of good sources of information available.

A.          Summarize the firm’s history, its recent and current operating results, and the economic, social, and political forces that affect it most.

B.          Present a brief SWOT analysis (Strengths, Weaknesses, Opportunities, Threats).

C.         Discuss the factors it will need to predict, plan for, and adjust to in the future.

The Assignment is to be a minimum of five pages long (title pages, bibliographies, etc., do not count) and in APA format. A good variety of objective, high-quality, current sources need to be used.

GB540 Unit 4 Assignment Rubric

Content and Analysis

Points Possible

Points Earned

A global Company was chosen.

5

 

Paper includes a discussion with an appropriate analysis of the firm’s history.

5

 

Paper includes a discussion with an appropriate analysis of the firm’s recent operating results.

5

 

Paper includes a discussion with an appropriate analysis of the firm’s current operating results.

5

 

Paper includes a discussion with an appropriate analysis of the firm’s economic forces that affect the firm the most.

5

 

Paper includes a discussion with an appropriate analysis of the firm’s social forces that affect the firm the most.

5

 

Paper includes a discussion with an appropriate analysis of the firm’s political forces that affect the firm the most.

5

 

Paper includes a brief SWOT analysis for the firm.

5

 

Paper includes a discussion with an appropriate analysis of the factors the firm needs to predict for the future.

5

 

Paper includes a discussion with an appropriate analysis of the factors the firm will need to plan for the future.

5

 

Paper includes a discussion with an appropriate analysis of the firm’s the factors that will need to be adjusted to in the future.

5

 

Paper includes a minimum of three current references.

5

 

Writing Style, Grammar, APA Format

15

 

Total

75

 

 

 

The Assignment is to be submitted to the Unit 4 Dropbox by the end of Unit 4.

 

 

CASE STUDY

Go to http://www.weforum.org. Click on the "Reports" tab and find the latest report entitled "Global Competitiveness Report" that is available.

Spend some time going through the materials there and become familiar with the criteria used for the rankings. Next, pretend that you have been put in charge of improving the ranking of a country in the bottom half of the list and outline a plan for moving up in the rankings. You can use a specific country or speak in general terms that apply to any nation seeking to become more competitive.

Construct thoughtful, detailed responses to the answers contributed by at least three of your classmates.

 

To access the Case Study discussion, click the Case Study link under this unit in the left hand navigation bar.

 

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