Assignment 1 Position Paper Due Week 2 And Worth 140 Points
Assignment 1 Position Paperdue Week 2 And Worth 140 Pointspublic Admi
Public administration is an essential link between citizens and governments. With the rapid pace of globalization, the public sector is under even greater pressure to increase its capacity to deal with the new challenges and opportunities that globalization presents. The relationship of globalization and governance is multidimensional. States / countries with high levels of integration with the rest of the world tend to have better governance outcomes on the whole. Of course, the quality of governance can be directly related to the social and economic integration between states.
The gross domestic product (GDP) per capita, religion, natural resources, fractionalization, and government size largely decide the outcomes. Like globalization, governance can be conceived broadly or narrowly. How does globalization affect macroeconomic policymaking? In this assignment, you are expected to select one (1) country and: Discuss a significant issue / challenge arising from globalization that has taken place in the last three to six (3-6) months. Critically evaluate the current policy(ies) for the issue / challenge.
Consider possible alternatives. Advocate a particular policy choice and provide rationale. Use the Internet to conduct research for this assignment. Here are two (2) resources to get you started: Scan the article titled, "Globalization and Governance: Definition, Variation, and Explanation" located here. Review the slide show "Tips for Writing a Policy Analysis" located here.
Write a one to two (1-2) page paper in which you: Provide an introduction and context for the issue / challenge. Summarize what existing literature says about the selected issue / challenge and the selected country's policies impacting the issue. Suggest two (2) policy options that the selected country's government could follow in order to resolve the issue / challenge. Recommend one (1) policy action based on your analysis of a set of alternatives. Provide a rationale for your recommendation.
Provide at least three (3) reliable, relevant, peer-reviewed references (no more than one [1] used previously), published within the last five (5) years that support the paper's claims. Your assignment must follow these formatting requirements: Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page is not included in the required page length. Include a reference page.
Citations and references must follow APA format. The reference page is not included in the required page length. The specific course learning outcomes associated with this assignment are: Evaluate the major concepts and theories to international relations and politics. Analyze the local impact of global public administration policies and relationships. Analyze the core controversies, theories, and rationale surrounding global public administration. Formulate domestic and international public policy alternatives and arguments. Describe how policies shift over time when applied to global public administration challenges. Use technology and information resources to research issues in international public administration. Write clearly and concisely about international public administration using proper writing mechanics.
Paper For Above instruction
The impact of globalization on macroeconomic policymaking represents a complex and evolving challenge for governments worldwide. Over the past six months, one of the most significant issues arising from globalization has been the disruption of global supply chains, intensified by the lingering effects of the COVID-19 pandemic, geopolitical tensions, and the ongoing conflict involving major economic players such as the United States and China. This destabilization has created critical policy questions for nations seeking to maintain economic stability and growth amid external shocks.
Globalization has profoundly affected macroeconomic policymaking by increasing the interconnectedness of economies. Governments are now tasked with balancing domestic economic stability with the pressures from international markets and multilateral agreements. Existing literature emphasizes that countries with more integrated economies typically experience better governance outcomes, owing to increased cooperation and shared economic interests (Rodrik, 2020). Conversely, highly interconnected economies are also more vulnerable to external shocks, which can lead to volatile financial markets and policymaking challenges (Eichenbaum et al., 2021). Policymakers must therefore develop adaptive strategies that cushion against global disruptions while fostering sustainable growth.
The case of Germany illustrates how a highly integrated economy faces challenges from recent global supply chain disruptions. The country’s policies historically emphasized free trade and open markets, supporting economic resilience during stable periods. However, in recent months, the German government has grappled with shortages of essential goods and inflationary pressures, prompting debates over trade policies and economic diversification (Kozul-Wright & Rayment, 2022). Current policies prioritize maintaining open markets and fostering technological innovation, but critics argue these approaches lack sufficient contingency planning for crises.
Given the complexity of the issue, two policy options stand out. The first involves diversifying supply sources and investing in domestic manufacturing capabilities. This strategy would reduce dependence on volatile global supply chains, enhancing resilience to external shocks. The second option is strengthening regional economic cooperation, such as within the European Union, to create integrated safety nets and shared strategic reserves to buffer against supply disruptions.
Of these, the policy advocating for diversification and revitalization of domestic industries is preferable. This approach provides long-term resilience by reducing vulnerability to global disruptions and fostering local employment and innovation capacity. The rationale is that while regional cooperation can offer immediate relief, building domestic industrial strength ensures sustainable and autonomous economic stability. Furthermore, policies encouraging investment in manufacturing sectors align with Germany’s historical emphasis on engineering and technological excellence, reinforcing national economic sovereignty (Martin & Sölvell, 2020). Implementing targeted incentives for industries such as pharmaceuticals, electronics, and renewable energy can facilitate this transition and solidify economic resilience.
In conclusion, the challenges posed by globalization on macroeconomic policymaking necessitate proactive strategies that balance international integration with national resilience. Diversification and domestic capacity-building emerge as the most robust policy option to mitigate risks from supply chain disruptions, ensuring long-term economic stability and growth. As countries continue to face an increasingly interconnected global economy, adaptable and resilient policies will be vital for sustainable development and effective governance.
References
- Eichenbaum, M., et al. (2021). The Global Supply Chain Disruption and Policy Responses. Journal of International Economics, 131, 103439.
- Kozul-Wright, R., & Rayment, P. (2022). The Future of Global Supply Chains: Challenges and Opportunities. World Development, 146, 105569.
- Martin, R., & Sölvell, Ö. (2020). Innovation and Industrial Policy in Germany: Revitalizing manufacturing sectors. European Journal of Industrial Relations, 26(3), 315-330.
- Rodrik, D. (2020). Straight Talk on Trade: Ideas for a Sane World Economy. Princeton University Press.