This journal assignment explores the impact of governmental trade interventions on industries and businesses. By analyzing a specific example of economic intervention, you will examine the government’s reasons for implementing the policy, identify affected parties, and summarize essential information that businesses need to adapt. This reflection will deepen your understanding of how trade regulations shape market dynamics and influence decision making for businesses.
Directions
Governments and political leaders often create economic incentives and restrictions that influence trade to protect or benefit their domestic markets. These interventions can have significant effects on specific industries and the businesses operating within them. In this journal assignment, you will analyze the impact of a specific governmental trade intervention.
Specifically, you must address the following rubric criteria:
Government Intervention: Provide a clear example of a government economic trade intervention designed to influence, regulate, or control trade for a specific industry. Summarize the reasons behind the government’s actions, drawing from the module resources or other reliable sources.
Impacted Parties: Identify the parties and organizations affected by the intervention and explain the intervention’s impacts. Include an analysis of how the intervention influenced commodity prices, if applicable.
Business Implications: Summarize the key information that a business in the affected industry would need to understand to adapt to or mitigate the intervention’s effects. Include a rationale supported by data and product considerations.
What to Submit
Submit this assignment as a 2- to 3-paragraph Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Cite any sources used in APA format.
Module Three Journal Rubric
CriteriaExceeds Expectations (100%)Meets Expectations (85%)Partially Meets Expectations (55%)Does Not Meet Expectations (0%)ValueGovernment InterventionExceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerProvides a clear example of a government economic trade intervention with adequate reasoning and supporting detailsProvides an example of government trade intervention with limited reasoning or minimal supporting detailsDoes not attempt criterion25Impacted PartiesExceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerIdentifies the parties and organizations affected by the intervention and explains the intervention’s impacts, including a basic analysis of how the intervention influenced commodity prices, with sufficient detailIdentifies some affected parties and organizations, but provides a minimal or unclear explanation of the intervention’s impacts; provides a limited analysis of commodity prices, if mentioned at allDoes not attempt criterion25Business ImplicationsExceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerSummarizes key information that a business in the affected industry would need to understand to adapt to or mitigate the intervention’s effects, including a rationale supported by data and product considerations, with sufficient claritySummarizes basic information a business might need to understand to address to adapt to or mitigate the intervention’s effects, but lacks sufficient detail or depth; the analysis may be limited, with errors or omissions in explaining key business strategiesDoes not attempt criterion25Clear CommunicationExceeds expectations with an intentional use of language that promotes a thorough understandingConsistently and effectively communicates in an organized way to a specific audienceShows progress toward meeting expectations, but communication is inconsistent or ineffective in a way that negatively impacts understandingShows no evidence of consistent, effective, or organized communication 15Citations and AttributionsUses citations for ideas requiring attribution, with few or no minor errorsUses citations for ideas requiring attribution, with consistent minor errorsUses citations for ideas requiring attribution, with major errorsDoes not use citations for ideas requiring attribution10Total:100%