In depth Brexit Analysis & its impacts on the world
You should discuss the following questions in the essay:
– The possible positive or negative consequences that Brexit may leave on the British economy,
Europe and the world.
– How Brexit will impact the movement of factors of production in Europe, and what the possible
consequences are.
– What the possible influences on business in Canada are.
– Given the European experience of the Economic Union and Brexit, whether you think pursuing
the formation of an Economic Union in North America, similar to the EU, will be beneficial for
Canadian businesses.
Support your reasoning with valid references and present examples wherever relevant.
The world of international business is in a constant state of transformation. New major players are emerging around the globe. Countries are making trade agreements to provide a greater scope of growth for their respective companies, and sometimes they decide to limit the scope of their trade with other economies. In today’s business environment, almost all economies are experiencing different levels of globalisation and economic interdependence. Although globalisation at the international level is offering new opportunities to the world of business, it rises serious challenges for some countries.
These challenges sometimes make nations reassess the benefits of global integration against the associated cost leading to serious changes in the way they interact with the rest of the world.
In such an interconnected environment, the change that happens in one area or trading could have an impact all around the world. When this change happens in the world’s largest economic union, the European Union (EU), even greater and more fundamental consequences are expected.
Since Britons voted to exit the EU in 2014, after a controversial referendum passed with a fragile majority, extensive debates have been launched on how this will impact business and trade and the movement of factors of production in EU.
For this assignment you are required to discuss the following:
• The possible positive or negative consequences that Brexit may leave on the British economy, Europe and the world.
• How Brexit will impact the movement of factors of production in Europe, and what the possible consequences are.
• What the possible influences on business in Canada are.
• Given the European experience of the Economic Union and Brexit, whether you think pursuing the formation of an Economic Union in North America, similar to the EU, will be beneficial for Canadian businesses.
Support your reasoning with valid references and present examples wherever relevant.
Essay Assignment:
Students are tasked with completing an essay assignment from a given topic. The essay assignment attempts to achieve a couple of primary objectives. First, it attempts to develop students writing skills which are essential in the business world. Secondly, it attempts to develop students’ critical thinking abilities, by challenging them to analyse the full complexity of the business world today. Thirdly, and finally, it attempts to measure the depth of students’ understanding of core topics in the course.
Marks for the essay assignment will be awarded as followed:
Use of Course Materials and Additional Research – 5 marks
o Students are required to support their arguments by referencing materials from both within and outside of the course
o References should be almost entirely to high quality sources, preferably peer-reviewed academic articles (for peer-reviewed articles consult with Mr Ebrahimi. Other high quality resources accepted, including news organisations (newspapers, network television organizations etc), government and/or academic research papers or reports (available through the resources of the Telfer and central university library) or other sources where liability can be determined (on-line sources where authorship is unable to be determined and/or held accountable are not considered reliable…but are often highly entertaining)
o Marks are associated both to the quantity and quality of references used as well as the ways in which the materials are used (i.e. use of quotations or other data to support arguments)
Arguments and Content of the Essay – 20 marks
o Grades for this section will be assigned based-on the extent to which the student has answered the following questions:
- Does the essay present a clear and fully articulated position on the topic?
- Are the arguments grounded or supported by factual and/or logical arguments?
- Have alternative perspectives or opinions been identified and thoroughly discussed?
- Have all dimensions of the issue been identified and carefully considered?
Presentation – 5 marks
o Assignments must be free of spelling and grammatical errors
o Assignments should be professionally presented, ensuring that any tables or graphics are cleanly presented, referenced if cited and easy to read (this may require reproducing figures, as opposed to cutting and pasting from source documents)
o Do the arguments presented flow together and build upon each other?
This is a written assignment and students will prepare a report of not more than 7 pages in length (single-spaced, 12 point font, 1 inch margins).
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