Instructions for students:● In your research assignment, you must clearly but succinctly address each specific pointmentioned in the essay topic.● Originality of the contribution and clarity of writing are rated highly in the assessment.● Please use the material available on how to write a good essay on the university website:http://www.monash.edu.au/lls/llonline/writing/general/essay/index.xml● The word limit is 1500 -2000 words.Essay TopicsThe impact of the slowdown of the Chinese economy on other economies in Asia and Australasia(Asia and Australia-New Zealand and neighbouring Pacific Islands) region.There are strong indications that the Chinese economy is slowing down after three decades of rapid growth. Its rapid growth transformed not only China’s own economy but also had a huge impact on other economies in Asia and the world. China emerged as the ‘assembly center’ of production networks and has played a major role in the deeper integration of economies in this region.Clearly a Chinese slowdown will have major impacts on the economies of this region. Also note that the Chinese slowdown is happening at a time when the global economy, including the majorOECD economies, is facing difficult times.The essay should focus on a selected economy in Asia (NOT Vietnam, as there is a chapter on Vietnam in the reference (a) given below) or the Australia-New Zealand region, and discuss theimplications of the Chinese economy slow down on that economy.The essay should describe, proving figures and data is necessary, the trade and investment linkages of the selected economy with China and the rest of the world, and how these relationshipshave evolved during the period of the ‘China boom’. It should then discuss how a slowdown in Chinese economy impacts on the selected country through the various channels (trade, tourism,investment etc.), noting that there will be both direct impacts as well as indirect impacts. The indirect impacts come from the impact of the Chinese slowdown on other countries of the world,which in turn will impact on the selected economy. You should discuss what may be the impact on important economic variables such as, for example, the country’s real income, its balance of payments position, employment and investment.Useful background reading:Garnaut, Ross, Cai Fang and Ligang Song (eds.) (2015), China: A New Model for Growth and Development: http://press.anu.edu.au/titles/china-update-series/china-a-new-model-forgrowth-and-development/pdf-download/World Bank (2015), China Economic Update: https://www.worldbank.org/content/dam/Worldbank/document/EAP/China/ceu_06_15_en.pdfADB (2015), Asian Development Outlook Supplement: http://www.adb.org/sites/default/files/publication/161734/ado-supplement-july-2015.pdf
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