*-- old chat js at https://librarymedia-a.akamaihd.net/files/js/le-mtagconfig.js--*/>Skip to Main Content
The Discussion is an important component of any online learning environment where students and instructors interact on a regular basis to discuss course concepts. Typically, in a Purdue Global course, there is a Discussion activity in each unit to address a concept that is relevant to the current unit’s objectives. In your course, you will find the Course Discussion on the Discussion page (Figure 1).
Discussion posts are written for your classmates and instructor, so you will want to consider your audience to be academic or professional. You are therefore expected to write formally. Refer to your Discussion rubric for specifics, but responses are generally evaluated on the following criteria:
Sample Discussion Board Prompt
How does economic globalization affect the role of American business in the 21st century? Write a 500-word response that references class readings, discussions, and outside sources. Cite your sources using APA in-text citations and full citations on a reference list. Additionally, respond to at least two other classmates’ postings by the specified deadline.
Economic globalization has consistently influenced the way Americans do business. Historically, economic globalization has been the bedrock of the American economy. The fur trade in the 18th century, for example, opened up the western expansion of the United States and trade with Europe and Asia (Ashbrook, 2010). In the 21st century, trade has expanded beyond beaver pelts, sea otter fur, and buffalo hides to produce many benefits to the American economy. However, the interdependence of global economies also means one nation’s trading practices affect other nations’ economies, and a financial crisis in one nation can cause an economic downturn worldwide.
The creation of more higher-paying jobs is one of the most important benefits of America being the largest exporter of goods and services in the world. In 2012, the US agricultural industry alone accounted for “an estimated 929 thousand jobs” (United States Trade Representative [USTR], n.d., para. 2). Additionally, according to the USTR (n.d.), “US jobs supported by goods exports pay 13-18 percent more than the US national average” (para. 2). Other benefits of globalization, according to the International Monetary Fund (2008), include “wider variety of goods and services, lower prices . . . improved health, and higher overall living standards” (para. 3). However, the benefits of globalization can quickly become compromised when one nation has an economic crisis.
When the Lehman Brothers investment bank in the US failed in 2007, not only a nationwide but also a worldwide banking crisis ensued. As explained by Eichengreen, Mody, Nedeljkovic, and Sarno (2009), banks’ values “rise and fall together even in normal times. . . . After Lehman’s failure the prospect of global recession became imminent, auguring the further deterioration of banks’ loan portfolios. At this point the entire global financial system had become infected” (p. 1). Meanwhile, China was devaluing its currency to make its manufactured goods cost less in order to increase its exports. The US was then importing more than exporting, which caused a trade deficit; China was exporting “$25 billion in goods to the US but bought only $7 billion in return” (Censky, 2010, para. 13). While cheaper imports might make for cheaper products for Americans to buy, fewer exports also mean fewer high-paying jobs for Americans resulting in a decreased standard of living.
Since then, the role of US businesses and their international trading partners has been to rebound and recover from economic downturn of 2007, and they slowly have. Time magazine reporter Zakaria (2010) told readers that the United States’ economy remained “the world’s biggest” in 2010 “at $15 trillion,” which was still more than twice as large as China’s (para. 2). And in 2015, CNN Money reporter Bergmann graphed the top ten economies, and the US remains at the top with an estimated “$18.4” trillion economy while China holds at second with a growing “$10.9” trillion economy (2015, bars 1 & 2) . So, economic globalization has both advantages and disadvantages due to the interdependence of economies. As economic expansion continues, the US will fare well if it adheres to the rallying call, “All for one and one for all” from Alexandre Dumas’ classic novel, The Three Musketeers (2001), for the US economy needs its trading partners and consumer nations as much as they need the US.
Ashbrook, T. (Host). (2010, July 19). America’s frontier fur rush. [Audio podcast] Retrieved from http://www.onpointradio.org/2010/07/frontier-fur
Bergmann, A. (2015). World’s largest economies. Retrieved from http://money.cnn.com/news/economy/world_economies_gdp/
Censky, A. (2010). What is currency manipulation, anyhow? Retrieved from http://money.cnn.com/2010/11/10/news/economy/what_is_currency_manipulation/
Dumas, A. (2001). The Three Musketeers quotes. Retrieved from https://www.goodreads.com/work/quotes/1263212-les-trois-mousquetaires
Eichengreen, B., Mody, A., Nedeljkovic, M., & Sarno, L. (2009, August). How the subprime crisis went global: Evidence from bank credit default swap spreads. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.172.9571&rep=rep1&type=pdf
International Monetary Fund. (2008). Globalization: A brief overview. Retrieved from http://www.imf.org/external/np/exr/ib/2008/053008.htm
United States Trade Representative. (n.d.). Benefits of trade. Retrieved from https://ustr.gov/about-us/benefits-trade
Zakaria, F. (2010, December 28). Why 2011 will be a happier new year. Retrieved from http://www.time.com/time/world/article/0,8599,2039884,00.html
Now that you are familiar with accessing and writing Discussion Board posts, here are some additional tips: