Given Germany’s change in its view of fiscal prudency

Due 11:30pm Sat Dec 12, 2020Fall2020

We have discussed at length the nature of the European Business Environment and some of the uncertainty that exists today.But perhaps the most important issue is the COVID19 pandemic and the shutting down of European countries and their economies. This will form the basis from which you are asked to complete the following.Visit and read the following article online:

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https://apple.news/AZlds45c0S-WaTGc–lVKww

“Germany has made a sharp U-turn in policy due to the corona virus crisis in what one economist has described as a “blessing in disguise.”Up to the start of the pandemic, Germany had long been a supporter of fiscal prudency and balanced budgets. It was even written into its constitution that it should not widen its debt burdens.In addition,Germany was often against major plans for European integration. However, its political approach has now changed with the Covid-19 crisis, and this has significant repercussions for European markets.“This crisis has clearly led to a remarkable U-turn in German politics,” Carsten Brzeski, chief economist at ING Germany, told CNBC.”

 

Your assignment is as follows:

•Choose an actual North American or Asian based MNE or Global firm.

•Assume you are the CEO of that firm. From the perspective of the firm you have chosen, answer the following question:“Given Germany’s change in its view of fiscal prudency, how should the Global/MNE company you chose prepare for business in a post-COVID19 business environment as European economies officially reopen?”:

 

1.Define in detail “Foreign Direct Investment” and make sure you differentiate it from “portfolio investment”.

2.How will Germany’s change in fiscal policy impact other European nations?

3.What are the current risks (name them, see course material) of doing business in Europe right now?
4.How would your chosen Global/MNE Firm decide to increase or decrease FDI in the European Union? Explain in detail and support you answer.

 

Format
1.This assignment can be done on your own or in groups of 2.

2.Please put your name, student number and signature (electronically) on the title page of your paper.

3.Please use WORD format. Your essay will be a total of 15-20 pages long(double-spaced) plus appropriate appendices. In the appendix, please ensure you include a copy (not just the URL address) of any online sources used in the essay in order to obtain credit for them.

4.Please use essay or report format and do not use point form. Ensure that the format of your essay uses full sentence structure, and that it has a clear path of thought. Clearly indicate your position in the first paragraph of your essay when answering the above questions, and support that position accurately, using updated information found from the various sources discussed in class using the web portal. All sources must be from reliable sources as discussed in class. You must use at least 10 sources from the course lectures and assigned readings, as well as 5 additional sources from outside the course material to support your essay. This is the MINIMUM number of sources required and will lead to a grade in the C range. A paper that is properly supported using more sources will result in a higher grade.

5.The essay must be double-spaced.

6.IN ORDER TO RECEIVE CREDIT FOR THE SUBMISSION, EACH PERSON MUST SIGN THE REPORT BEFORE IT IS SUBMITTED. OTHERWISE, A GRADE OF ZERO WILL BE ENTERED. NO EXCEPTIONS. THIS INCLUDES INDIVIDUALS WHO SUBMIT THE PAPER ON THEIR OWN.

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