"Analyze the impact of globalization on the economic (growth and development) performance of a country other than Australia. Evaluate the strategies that this country is implementing to achieve economic growth and development."
China's a big one, because there are so many factors that contribute to China's economic growth. I would suggest you talk about stuff such as
- Brief introduction on China's economic history, such as moving out from the cultural revolution and introducing China's "Economic Zone's" policy, allowing foreign competitors to enter the market
- The growth in investment; look particularly at FDI flows and business growth within the market.
- The growth in employment. By liberating part of the domestic chinese economy and moving it from a centrally planned to a gradual free market practice has pulled over 530 million people out of poverty
- Growth rates; GDP growth has remained over 10% for the past 15 years, exports in manufactured goods take up approximately 25% of all manufactured goods in the world
-Government policy; even political policies to assist the environment, or the recent 950 billion US dollar stimulus package created to assist fast growth.
- The major thing about this particular assignment (which I learned) is that you need to factor economic growth INTO economic development. You need to develop a link on how economic growth has assisted economic development (ie: rapid decrease in poverty rates)
Its a lot of information, but I would suggest you can easily get 4 pages of typed wording on this assignment in an essay format. I'm not sure whether they expect you to include some information relating to the financial crisis, the syllabus as far as i know has not been updated towards it but you can always use it as extra information (your own information can get you extra points)
Most of all, make sure your essay FLOWS! I tutor a few people from my past school and their essays don't flow and don't have a consistant argument towards the reader. Also, in economics, don't assume that someone knows what something means; inculde definitions and interpretations or even quotes. The Economist, SMH, The Australian and the Herald are all good sources, as well as the IMF, WTO, Wikipedia and Treasury or Central Bank websites for information. I also seriously suggest you look out for articles by Ross Gittins in the Business Opinion section on Saturdays in the Sydney Morning Herald. He follows the current syllabus and writes in relation to where you should be up to... last year he did a big article on china which i included in my assignment.
I hope this is enough information to help you. Good luck in the rest of your HSC!