You are required to write an academic essay to critically analyse and evaluate ANY ONE of the three questions below. 1. Is being in an open economy a blessing or headache for governments wishing to provide a stable environment for private industry?

You are required to write an academic essay to critically analyse and evaluate ANY ONE of the three questions below. 1. Is being in an open economy a blessing or headache for governments wishing to provide a stable environment for private industry? Use th

Paper details:

TITLE: GLOBAL BUSINESS AND INVESTMENTS
An individual academic essay accounts for 70% of the total marks of this module
You are required to write an academic essay to critically analyse and evaluate ANY ONE of the three questions below.
1. Is being in an open economy a blessing or headache for governments wishing to provide a stable environment for private industry? Use the IS-LM framework and draw on examples from the recent economic events such as the global recession of 2008 to support your answer.
2. What are the main influences on the exchange rate of a currency? Distinguish between the different types of foreign exchange regimes that an economy can adopt, clearly spelling out the effect each regime on fiscal and monetary policy of the government. Give the example of one instance when a change of government’s fiscal or monetary policy affected an MNE.
3. Discuss the main phases in the evolution of the international monetary system. What are the main features of a reserve currency and assess to what extent the pound, the dollar and the renminbi have those features.
The word limit for the essay is 2500 words (excluding references).Overlong essays will be penalised. Failure to employ a clear and appropriate system of referencing will be penalised and may be treated as plagiarism.
General Guidance:
Typically, your essay should have (a) an executive summary (b) Introduction (c) literature review, discussion, analysis and evaluation of the relevant business issue (d) findings and what you have learnt from this assignment (e) references (Harvard Referencing System).
In your essay you need to demonstrate an in-depth understanding of the business phenomenon that you are asked to analyse. You are expected to use relevant materials/references for the chosen topic to support your analysis and arguments. Your analysis, discussion and evaluation must be backed with appropriate examples where necessary.