Question:

Critically discuss how international trade could be harnessed to accelerate the pace of economic growth of a nation. Conversely, critically examine how trade could be weaponised and deployed as tools of economic warfare to devastate the economic wellbeing of a nation. What is the effect of Trade war between US and China on the Chinese economy?

As an economic adviser to China, critically discuss the policy measures that you would advocate to ensure a resilient and sustainable trade development of the country. Discuss the effectiveness of your policy measures and examine its policy implications on globalisation.

To pass, students must:

1. Identify the country's key economic sectors and discuss their contributions to the nation's economy. Critically analyse how foreign trade contributes to the nation's economic well being and support your assertions with 10 year trend analyses of the nation's trade balance. Discuss the country's sources of comparative economic advantage and provide 10 year trend analyses of its key economic indicators (including GDP, debt profile, inflation, and exchange rate volatility) among others.
2. Critically examine how weaponisation of trade could harm the country's trade and investments, and analyse how this could impact on the nation's economic well being, national debt profile and its labour market.
3. Critically discuss policy measures that could be taken by the government to ensure a resilient and sustainable trade development and examine its policy implications on globalisation.