International Business Environment
*I need a high mark essay please!
*the radio is from: http://www.bbc.co.uk/iplayer/console/b017mr2y
The extended economic recession we have been facing in the UK since the
2008 financial crisis, and the rising levels of unemployment here, have
raised significant concern about what the government can and should be
doing to help revitalize the economy. Should the British government
engage in "industrial policy", subsidising particular industries? Should
it invest in education and research in the sciences and engineering?
Should it finance new infrastructural projects? Should it try to
attract large businesses from abroad? Should it be developing policies
to help domestic small and medium enterprises [SMEs] to grow?
The BBC radio program "The World Tonight" broadcast an interesting news
program on Monday, November 28th, comparing the approach being taken by
the Scottish government, through the "Scottish Enterprise" office, with
the very different approach being taken in the Northeast of England by
the Conservative/Liberal Democratic coalition, under the leadership of
How would Adam Smith judge the Scottish efforts, compared to the
approach of David Cameron's government in the Northeast of England? What
about Michael Porter, how would he assess their different approaches?
After listening to the "The World Tonight" and after researching the
issues in more depth, please write a 2,000 word essay, in which you do
1. Give some background about the state of affairs in the Northeast of
England and in Scotland, and about the ways that the governments there
have been responding to the current economic recession.
2. Describe Adam Smith's and Michael Porter's theories about the optimal
development of national economies, and the proper role of the state and
international trade in national economic development.
3. Analyse the recent government efforts in the Northeast England and in
Scotland, applying these theories. What do you think Adam Smith would
advise, were he asked to testify before Parliament on this issue? What
do you think Michael Porter would advise? Do you think the two
theorists would give similar or different advice about what the
governments here in the UK should do, in their efforts to respond to the
economic recession and high levels of unemployment? What would their
Your coursework should fulfil the following formal criteria:
- Your essay should have an introduction and a conclusion, plus three
clearly marked subsections, each dedicated to one of the three parts of
the question enumerated above.
- The second subsection of your essay should include at least two quotes
from Adam Smith's The Wealth of Nations (Book IV, Chapter 2), and at
least two quotes from Michael Porter's 1998 Harvard Business Review
article "Clusters and the New Economics of Competition".
- It should include references from academic books and journal articles
as well as from quality newspaper and news magazine stories, from
publications such as:
The Financial Times, The Wall Street Journal, American Prospect
Magazine, The New York Times, The Washington Post, The Guardian, The
Independent, The Economist, Le Monde, Frankfurter Allgemeine, Die Zeit,
- Please include Harvard style references for all cited works, and include a bibliography at the end of the text,
- Your essay should be spellchecked and grammar-checked.
A guide to essay-writing is available on the BE413 moodle site, entitled "Tips: Notes & Essays"
A guide to referencing and citation norms (how to paraphrase &
integrate quotes into your text, how to include Harvard-style in-text
references, and how to format bibliography entries - for books, article
& web resources) is available on the BE413 moodle site as well,
entitled "Tips: Referencing"