INDIVIDUAL ASSIGNMENT
Assignment Topic
Global Economic Growth: Gloomy and Uncertain Outlook
Student Name
Name
Student ID
Hand phone number
Programme
Master of Business Administration (MBADI)
Course Title
Issues in Global Business
INTI Course Code
MGT7203
Lecturer Name
Mehdi Tasaloti
Date of Submission
Friday, 7th October 2022 (5 PM Malaysia time)
Session
September 2022
Total Mark
Comments
Reviewer Comments
INTI INTERNATIONAL UNIVERSITY
FACULTY OF BUSINESS AND COMMUNICATIONS (FBC)
MASTER OF BUSINESS ADMINSTARTION
MGT7203 ISSUES IN GLOBAL BUSINESS
SEPTEMBER 2022 SESSION
INDIVIDUAL ASSIGNMENT
This assignment contributes 40 % of the total marks for the course
Release Date: Week 2- Saturday, 17 September 2022
Submission Date: Week 5- Friday, 07 October 2022
Topic: Global Economic Growth: Gloomy and Uncertain Outlook
IMF, July 2022
A tentative recovery in 2021 has been followed by increasingly gloomy developments in 2022 as risks began to materialize. Global output contracted in the second quarter of this year, owing to downturns in China and Russia, while US consumer spending undershot expectations. Several shocks have hit a world economy already weakened by the pandemic: higher-than-expected inflation worldwide––especially in the United States and major European economies––triggering tighter financial conditions; a worse-than-anticipated slowdown in China, reflecting COVID- 19 outbreaks and lockdowns; and further negative spillovers from the war in Ukraine.
The risks to the outlook are overwhelmingly tilted to the downside. The war in Ukraine could lead to a sudden stop of European gas imports from Russia; inflation could be harder to bring down than anticipated either if labor markets are tighter than expected or inflation expectations unanchor; tighter global financial conditions could induce debt distress in emerging market and developing economies; renewed COVID-19 outbreaks and lockdowns as well as a further escalation of the property sector crisis might further suppress Chinese growth; and geopolitical fragmentation could impede global trade and cooperation. A plausible alternative scenario in which risks materialize, inflation rises further, and global growth declines to about 2.6 percent and 2.0 percent in 2022 and 2023, respectively, would put growth in the bottom 10 percent of outcomes since 1970.
Source: https://www.imf.org/en/Publications/WEO/Issues/2022/07/26/world-economic-outlook-update-july-2022
Prepare a written report, which address the following topics/ discussion (not limited):
1. World economies: current trends
2. The impact on Covid-19 pandemic on world economy
3. The impact on Russia-Ukraine war on world economy
4. Global inflation reasons
5. China’s economic slowdown and global chain disruptions
6. Food and energy prices
7. Policy Priorities
Your report should contain the following:
· Cover page and grading criteria.
· List of Contents Page.
· Main body, which should be organised into numbered sections under appropriate headings including introduction and conclusion.
· Reference list/Bibliography (Harvard Referencing)
· Safe Assign report should add into the last page of the report.
· Assignment length: 3500-4000 words. (You may exceed word limit if your discussion related to the topic).
· Late Submission: One-week late submission after the deadline: 50 marks deduction. After one-week submission zero mark awarded.
Safe Assign:
Available on Blackboard
REPORT
Presentation & structure
Use & presentation of Harvard Referencing
Content/ Terms/ Findings/ Definitions/ Calculations
Business Application & Integration of Data/Literature
Discussion /Analysis /Critical evaluation &/or Reflection
Task details
Follows report structure
Follows Harvard style for in-text citation & Reference List
Content included- specify requirements as in module guide & coursework guidance
Integration & application of information from coursework guidance/module guide
Line of argument, development of discussion
Marks
/10 Marks
/10 Marks
/30 Marks
/20 Marks
/30 Marks
80-100
Outstanding
Outstanding… Presentation & report structure, with numbered paragraphs, list of contents/figures &appendices.
Articulate & fluent academic writing style with ideas cross referenced. No grammatical / spelling errors.
Outstanding… Standard of referencing within text & consistent use of Harvard referencing system.
Accuracy of in-text references & full details shown in Reference list.
Outstanding… Exploration of topic showing excellent knowledge & understanding through thorough & appropriate research.
Impressive choice and range of appropriate content.
Outstanding… Business insight & application.
Breadth, depth & integration of literature/data into work.
Outstanding… Level of discussion/analysis/ critical evaluation &/or reflection.
Highly developed/ focused work.
70-79
Excellent
Excellent … Presentation & report structure, with numbered paragraphs, list of contents/figures, appendices & cross referencing.
Articulate & fluent academic writing style. Only a minor error.
Excellent… Standard of referencing within text & consistent use of Harvard referencing system.
Accuracy of in-text references & full details shown in Reference list.
Excellent … Level of knowledge & understanding demonstrated.
Evidence of appropriate reading.
Covers all relevant points & issues.
Excellent … Business insight & application.
Breadth, depth & integration of literature/data into work.
Excellent… Level of discussion/analysis/ critical evaluation &/or reflection clearly developing points in the appropriate way with thorough consideration of all possibilities.
60-69
Very Good
Very good… Presentation & report structure, paragraphing, use of numbering, list of contents/figures, appendices & cross referencing.
Fluent academic writing style.
Very few grammatical errors & spelling mistakes.
Very good… Standard of referencing within text & consistent use of Harvard referencing system.
Accuracy of in-text references & full details shown in Reference list.
Very good… Level of knowledge & understanding demonstrated.
Covers most relevant points & issues.
Few errors / omissions in content/calculations.
Very good… Business insight & application.
Breadth, depth & integration of literature/data into work.
Very good… Level of discussion/analysis/ critical evaluation &/or reflection & a few ideas/points could benefit from further development &/or evaluation/comparison.
55-59
Good
Good… Clear presentation & report structure, use of numbering & appendices.
Writing is mainly clear but some spelling &/ or grammatical errors.
Good… Standard of referencing within text & consistent use of Harvard referencing system.
Accuracy of in-text references & full details shown in Reference list.
Good… Grasp of the topic & some of its implications presented.
Knowledge & understanding is demonstrated.
Minor errors / omissions in content/ calculations.
Good… Business insight & application.
Breadth, depth & integration of literature/data into work.
Good… Level of discussion/analysis/ critical evaluation &/or reflection but more ideas/points could be addressed /developed further.
50-54
Satisfactory
Satisfactory… Basic report structure.
Not always written clearly & has grammatical & / or spelling errors.
Satisfactory… Basic referencing within text & consistent use of Harvard referencing system.
Accuracy of in-text references & full details shown in Reference list.
Satisfactory… Content / level of knowledge of the topic. Addresses part of the task. Some errors / omissions in content/ calculations. May benefit from further research.
Satisfactory… Business insight & application. Limited integration with literature/ data.
Use of literature/data but limited in breadth OR depth.
Satisfactory… Basic evidence of discussion/analysis/ critical evaluation &/or reflection but some points superficially made so need further development.
40-49
Marginal Fail
Weak… Report format, limited or poor structure.
Muddled work with many spelling & / or grammatical errors.
Weak…Use of Harvard referencing system with errors & inconsistently applied. Limited referencing within the text.Limited accuracy of in-text references compared to those in the final Reference list.
Weak… Limited content / knowledge/ calculations. Limited or muddled understanding of the topic/question.
Does not meet all the learning outcomes.
Weak… Unsatisfactory evidence of business application & insight
Work needs to show better links between practical application and theory.
Weak… Limited evidence of discussion/analysis/ critical evaluation &/or reflection.
More development & comment needed. May need to do more than describe.
20 – 39
Clear Fail
Inadequate… Report format and poor paragraphing / signposting.
Inappropriate writing style
Poorly written &/or poor spelling & grammar.
Inadequate… Use of Harvard referencing with many errors &/or inconsistencies.
Inadequate… Lacking in relevant content/ knowledge/calculations. Content irrelevant / inaccurate. Does not meet all the learning outcomes.
Inadequate… Lacks evidence of business application & insight. Some literature irrelevant to topic.
Inadequate… Lacking / inadequate level of discussion/ analysis/critical evaluation & /or reflection. Descriptive.
1 – 19
Little or Nothing of merit
Nothing of merit… Poorly written work, lacking structure, paragraphing / signposting.
Many inaccuracies in spelling & grammar.
Nothing of merit… No or little attempt to use the recommended Harvard referencing system.
Nothing of merit… Unsatisfactory level of knowledge demonstrated.
Content used irrelevant / not appropriate/ to the topic. Does not meet the learning outcomes.
Nothing of merit… No evidence of appropriate business application & insight.
Nothing of merit… Unsatisfactory level of discussion/analysis/critical evaluation &/or reflection