SUNWAY BUSINESS SCHOOL
GROUP ASSIGNMENT FOR
THE BACHELOR OF SCIENCE (HONS) BUSINESS MANAGEMENT
THE BACHELOR OF SCIENCE (HONS) FINANCIAL ECONOMICS AND
THE BACHELOR OF SCIENCE (HONS) INTERNATIONAL BUSINESS
ACADEMIC SESSION : APRIL 2023 SEMESTER
SUBJECT
: ECN3014 INTERNATIONAL ECONOMICS
DEADLINE
: 30 JUNE 2023
INSTRUCTIONS TO CANDIDATES
1. There are FOUR (4) pages in this Assignment including the cover page.
2. This assignment will contribute 20% to your final grade.
3. The assignment must be typewritten on 1.5 line spacing, A-4 size paper and
using font size 12. Work should be presented with an assigned assignment
cover sheet.
4. The softcopy of the assignment should be submitted to the subject lecturer and in
Turn-It-In, respectively, by the due date mentioned above.
5. Use the following information to submit the assignment in Turn-It-In
(www.turnitin.com):
Class ID: 38366996
Enrolment Password: apr2023
Sunway Business School
ECN3014/ June 2023 Assignment
This is a group assignment for five (5) students. This assignment aims to enhance students'
skills in (1) comprehending articles, (2) searching and locating information using library and
internet resources, and (3) summarising and discussing information sourced from academic
journal articles, established business, economics and finance news, and international
organisation websites in a written essay. The essay question is as follows:
‘With the rise of digital technologies, e-commerce has become an increasingly
important component of international trade. Analyse the challenges and opportunities
that e-commerce presents for global trade, including the impacts on different sectors
and countries. Evaluate the policy responses taken by governments and international
organisations to regulate e-commerce and protect consumers, as well as the
controversies surrounding these policies. Provide specific examples and evidence to
support your arguments, and discuss the potential for e-commerce to promote inclusive
and sustainable global trade. Finally, consider the prospects of e-commerce and its role
in shaping the global economy.’
I have outlined the main ideas and suggestions to include in this essay. I leave this to
you, along with your team members, to come up with alternative ideas and, support
them with examples and facts.
In recent years, the increasing use of digital technologies has led to the growth of e-commerce,
which has become an integral part of international trade. This essay will analyse the challenges
and opportunities presented by e-commerce for global trade, the impacts on different sectors
and countries, and evaluate the policy responses taken by governments and international
organisations to regulate e-commerce and protect consumers.
One significant advantage of e-commerce is the reduction of trade barriers between countries,
which allows for more significant cross-border transactions. E-commerce platforms provide
businesses with opportunities to enter new markets, reach customers they previously could not
access, and reduce the costs of conducting international trade. Additionally, e-commerce allows
consumers to access a more extensive range of products and services at lower prices.
However, e-commerce also presents some challenges. One major challenge is the protection
of intellectual property rights, as e-commerce can make it easier for counterfeit goods to be
sold online. Another issue is the digital divide, as access to e-commerce is not universal, with
some countries and communities lacking the necessary infrastructure and technology to
participate fully.
The impacts of e-commerce on different sectors and countries can also vary. E-commerce can
have significant impacts on small and medium-sized enterprises (SMEs), as it can provide them
with access to global markets and reduce the costs of conducting international trade. However,
large corporations may benefit more from e-commerce due to their resources and ability to
compete with smaller businesses. E-commerce can also have differing impacts on developed
and developing countries, as developed countries tend to have better internet infrastructure
and a more significant number of businesses and consumers who participate in e-commerce.
Governments and international organisations have taken steps to regulate e-commerce and
protect consumers. These measures include implementing consumer protection laws,
establishing regulations to prevent fraud and data breaches, and creating international
agreements to regulate cross-border e-commerce. However, there have also been
controversies surrounding these policies, with some arguing that they may limit the growth of
e-commerce and restrict trade.
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Sunway Business School
ECN3014/ June 2023 Assignment
E-commerce also has the potential to promote inclusive and sustainable global trade. Ecommerce can provide opportunities for SMEs, women entrepreneurs, and people in
developing countries to participate in global trade, thereby promoting inclusive economic
growth. Additionally, e-commerce can promote sustainability by reducing the environmental
impact of trade by reducing the need for physical transportation of goods.
Looking to the future, e-commerce will likely continue to play a significant role in shaping the
global economy. The growth of e-commerce will depend on factors such as improvements in
digital infrastructure and technology, changes in consumer behaviour and preferences, and
developments in policy and regulation.
In conclusion, e-commerce presents significant challenges and opportunities for global trade,
with impacts that vary across sectors and countries. Governments and international
organizations must take steps to regulate e-commerce and protect consumers while promoting
inclusive and sustainable economic growth. The prospects of e-commerce are promising, but
policymakers must address the challenges and controversies surrounding e-commerce to
ensure that it continues to be a force for positive change in the global economy.
You are required to write a short essay of 2,500 – 3,500 words with 1.5 line spacing
and Arial font size 12. Please include your name and student ID on the part of your
write-up.
[Total 100 marks]
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Sunway Business School
ECN3014/ June 2023 Assignment
MARKING CRITERIA
Important: Students must include in-text citations and a reference list to support their
arguments; failure to do so may result in a deduction of marks. It is critical to document sources
carefully to avoid plagiarism and provide readers with evidence supporting the arguments
presented.
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Sunway Business School
ECN3014/ June 2023 Assignment
DISCLOSURE OF PROVISIONAL AND FINAL MARKS
Provisional marks for coursework are disclosed to students within four weeks.
However, students must take note that provisional marks are not final marks and are
subject to change. Final marks are released after confirmation by the Faculty
Assessment Board.
Academic Malpractice
1) Students are required to cite references in their essays when they quote or use any
information obtained from other sources. Failure to do so may constitute plagiarism
and disciplinary actions will be taken. Essays with a large proportion of citation and
paraphrasing will not be awarded with high marks.
a) Plagiarism, whether inadvertent or deliberate, shall include the following:
i) Word-for-word copying of sentences or whole paragraphs from one or more
sources, or presenting substantial extracts from books, articles, thesis, or
other unpublished work such as working papers, seminar and conference
papers, internal reports, computer software, lecture notes or tapes, without
clearly indicating their origin.
ii) Using very close paraphrasing of sentences or whole paragraphs without due
acknowledgement in the form of reference to the original.
iii) Submitting another student’s work in whole or in part.
iv) Use of other person’s ideas, work or research data without acknowledgement.
b) Collusion, whether inadvertent or deliberate, shall include the following
i) Submitting an “individual assignment” that was jointly prepared by the
candidate and any other third party, e.g., other students, family, professionals,
or tutors/lecturers.
ii) Submitting a “group assignment” that was jointly prepared by the group and
any external party, e.g., family, students from other courses, or professionals.
iii) Copying each other’s work and passing it off as an individual effort.
2) Students should use the APA Style for citations and references.
END OF PAPER
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