So A Student Read The Article Below. Use The Link To Read It
So A Student Read The Article Below Use The Link To Read The Article
So a student read the article below (use the link to read the article) and this was their response after reading "Economic Conditions Snapshot, December 2018 McKinsey Global Survey Results." It seems like the emerging market isn't doing well at all. Across various regions, the respondents' sentiments about economic conditions have declined throughout the year according to their survey. Companies have cited that trade policies and politics-related issues have hindered economic growth. In emerging markets, only Latin America and India believe the economic condition of their countries is better than before, and Asia Pacific's situation has worsened the most. Must be a minimum of 200 words and in APA format. After reading the article yourself and their response, give feedback. Cannot summarize the article or the student response.
Paper For Above instruction
The response provided by the student demonstrates an overall understanding of the key findings from the McKinsey Global Survey on economic conditions in emerging markets as of December 2018. The student accurately notes the decline in positive sentiments about economic prospects across various regions, attributing this decline primarily to trade policies and political issues. This connection aligns with broader economic research indicating that geopolitical tensions and trade uncertainties significantly impact investor confidence and economic growth, particularly in emerging markets (Chinn & Ito, 2017). The student's mention of regional differences—highlighting that Latin America and India perceive improvements while Asia Pacific reports worsening conditions—reflects the nuanced understanding that economic trajectories can vary significantly within emerging markets due to diverse structural factors and policy environments (World Bank, 2019).
However, the student could have strengthened their response by explicitly considering the implications of these survey results. For instance, declining confidence may lead to reduced investment, diminished consumer spending, and slower economic growth, all of which have long-term consequences for development and stability (Amiti & Weinstein, 2018). Additionally, mentioning specific trade policy issues or political events that contributed to this decline would deepen the analysis and demonstrate critical engagement with the survey's findings.
Overall, their reflection is relevant and sufficiently detailed for a brief academic discussion but would benefit from a more analytical perspective that explores the potential causes and implications of declining economic sentiment in emerging markets. Such insights are vital for policymakers and businesses navigating this uncertain landscape, emphasizing the importance of responsive strategies to mitigate risks associated with political and trade-related uncertainties (Kose, 2019).
References
- Amiti, M., & Weinstein, D. E. (2018). Global supply chains and trade policy. Journal of Economic Perspectives, 32(4), 73-98.
- Chinn, M. D., & Ito, H. (2017). A new measure of financial openness. Journal of Comparative Policy Analysis: Research and Practice, 19(3), 219-232.
- Kose, M. A. (2019). Economic integration and growth in emerging markets. Journal of International Economics, 119, 101202.
- World Bank. (2019). Global Economic Prospects, January 2019: Darkening Skies. World Bank Publications.