The final research and writing project for this class will be an economic and ethical analysis of a case in either international trade or international finance. This case must inhabit the intersection of International Economics and business ethics, demonstrating your ability to understand and discuss the ethical responsibilities of consumers, producers, and governments with respect to an International Economics topic. You will prepare both a paper a presentation of your project.
Use the distinction between empirical questions (what will happen ) and ethical questions (what values are helped are harmed ) to clearly articulate the ethical dimension of your topic. Choose a specific case or situation to analyze.
International Economics topics:
-International Trade: gains from trade, winners and losers when nations trade, responsibilities of businesses and government to compensate losers from trade, trade policy (tariffs, quotas, subsidies), labor and environmental standards, effects of trade on developing countries, outsourcing and multinational production, etc.
-International Finance: Trade balance, current account balance, international debt, currency, fixed vs. flexible exchange rates, macroeconomic policy, financial crises.
Business Ethics / Ethical Dilemmas: What are the moral or ethical responsibilities of consumers, firms or governments with respect to international economics
Your proposed topic should present your ethical question, and provide a BRIEF description of why you think this question is interesting and how you will go about answering it. Clearly outline both the ethical dilemma and the international economics dimension of your proposed topic.
Examples of ethical questions:
Should the US government provide compensation to American workers who lose their jobs as a result of international trade
Is the Chinese government obliged to maintain the below market dollar / yuan exchange rate if that rate benefits Chinese firms
Given that tariffs raise prices for consumers, should they be eliminated, or are they justified given their protection of domestic jobs
Should the US limit food EXPORTS in order to keep prices low for American consumers
Your final paper will be 6-8 pages in length. It will begin with a thesis statement, taking a position on your topic. You should present a factual overview of your topic: what s this ethical dilemma all about, why has it arisen, why do we care Present the ethical dimensions as well as the basic position that international economics takes on the subject. Carefully sort out the empirical and ethical questions.
Example: If your paper is about displaced workers, then you would provide an overview of why some workers are displaced by international trade. You could provide some actual historical examples of such displacement (ie: auto workers in Detroit, the rust belt, etc.). Present the international economics argument: sure, some people will lose their jobs, but on average the nation will be better off, and those displaced workers can do something more productive now! Present the ethical dilemma sure, trade benefits everyone on average, but what about the individuals who lose their jobs, livelihoods, etc. Who has an obligation to maintain their well-being Then make your argument: OK, on average everyone is better off, and workers can transition to another industry. But since this transition is difficult for many workers, the government has a responsibility to help. (Why How )
The length of the paper is just a guideline. I believe it will be difficult to complete the assignment well in less than six pages, but if you can do it, that s great! Please do not inflate the length of your paper with a big font, 2.5 spacing, fat margins, etc. These tricks are silly! Also, be concise. I prefer 6 or 7 pages to 10 pages, so make your points and move on.