This is a essay on global political economics

 

1. Some people argue that financialization, the mismanagement of the 2008 financial crisis, allowing inequality and the costs of trade liberalization to rise have challenged the fundamental political and economic structures of the global economy. Is this criticism correct and, if so, what exactly should governments do to redress the ills that came from these two developments?

GRADING CRITERIA
Outstanding
• The introduction is outstanding, clearly and appropriately framing the essay as a whole.
• Extensive and relevant literature has been creatively chosen, and outlined and located in an
appropriate context. There are no significant omissions, and the essential points of the
sources are brought out and related to reveal an outstanding overall grasp of the topic in
question and an excellent command of both the detail and the subtlety of the arguments.
• The relevant arguments are related together in a clear manner which achieves a convincing
overall analysis and synthesis and also reveals elements of originality.
• The essay is outstandingly organized, achieving an excellent balance between context,
research, discussion, analysis and synthesis. The English, including style and spelling is
excellent.
Very Good
• The introduction is good, clearly and appropriately framing the essay as a whole.
• The most important literature has been outlined and located in an appropriate context. There
are no significant omissions, and the essential points of the sources are brought out and
related to reveal a good general overall grasp of the topic in question combined with a good
command of the detail and the subtlety of the arguments.
• The relevant arguments are related together in a clear manner which achieves a good overall
analysis and synthesis without being original.
• The essay is well organized, achieving a good balance between context, research, discussion,
analysis and synthesis. The English, including style and spelling, is good.
Good
• The introduction is adequate, providing a reasonable frame for the essay as a whole.
• The major literature has been outlined and put in an adequate context. The major points of
those sources are reasonably brought out and related in a way which reveals some grasp of
the topic in question. There is some grasp of the detail and the subtlety of the arguments.
• The relevant arguments are related together in an adequate manner, and there is some degree
of analysis and synthesis but no originality.

• The essay is adequately organized achieving some balance between context, research,
discussion and synthesis. The English, including style and spelling, is satisfactory
Satisfactory
• The introduction is weak, providing only a limited frame for the essay as a whole.
• Some relevant literature is outlined, but this outline is patchy, unclear and/or not located in
an adequate context. Some major points of the literature is brought out, but there are
significant gaps, misunderstandings, and/or little grasp of detail or subtlety.
• The relevant arguments are related together in a manner that is weak and does not achieve a
reasonable synthesis, and the essay is poorly organized, with inadequate balance between
context, research, discussion, analysis and synthesis.
• The English, including style and spelling is adequate
High Fail
• The introduction is very weak, barely providing a frame for the essay as a whole.
• There is some mention of relevant literature, but this outline is very patchy, unclear, and/or
very inadequately placed in context. A few points from the literature are brought out, but
there are major gaps, misunderstandings, and no grasp of detail or subtlety.
• The relevant arguments are not properly related together and, to the extent they are, this is
done in a manner that is weak, with no analysis or synthesis. The essay is very poorly
organized, with no proper balance between context, research, discussion, analysis and
synthesis.
• The English, including style and spelling, is very poor
Low Fail
• The essay has a weak introduction, providing little or no frame for the essay as a whole.
• There is little mention of relevant literature, and any outline of these is highly restricted,
unclear, and/or with no sense of context.
• The relevant arguments are scarcely related together, and there is no proper analysis and
synthesis. The essay is disorganized, with no balance between context, research, discussion,
and synthesis.
• The English, including style and spelling, is unacceptable.

Sources:

– https://www.project-syndicate.org/commentary/populist-revolt-crisis-of-capitalism-by-anatole-kaletsky-2016-12?barrier=accessreg
– https://www.project-syndicate.org/onpoint/great-malaise-global-economic-stagnation-by-joseph-e–stiglitz-2016-01?barrier=accesspaylog
– Secular Stagnation on the Supply Side: U.S. Productivity Growth in the Long Run (*) by: Robert J. Gordon
– http://www.prospectmagazine.co.uk/features/workers-vs-pensioners-the-battle-of-our-time
– Palley, Thomas. Escaping stagnation and restoring shared prosperity: a macroeconomic policy framework for job-rich growth. No. 994874713402676. International Labour Organization, 2015.
– D’Alisa, Giacomo, Federico Demaria, and Giorgos Kallis, eds. Degrowth: a vocabulary for a new era. Routledge, 2014.
– Summers, Lawrence H. “The age of secular stagnation: What it is and what to do about it.” Foreign Aff. 95 (2016): 2.
– European Journal of Economics and Economic Policies: Intervention, Vol. 13 No. 2, 2016, pp. 215–228

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