Sample English Annotated Bibliography Paper on Hawksworth and Chan

Hawksworth, John, and Danny Chan. “The World in 2050: Will the Shift in Global Economic Power Continue.” PwC’s Economics and Policy (E&P) Team in the UK, 2015.

Hawksworth and Chan draw their research on some of the latest global economic developments and their overall future effects. Both authors work at PriceWaterhouseCoopers (PWC) and are experts in finance and economics. The analytics in the text relies on the demographics, technological trends, and the expected education levels (2). Additionally, the authors outline some of the fundamental statistics supporting the long-term effects of globalization on various sectors of the global economy. These data revolve around the population growth of different countries in the world including China and the United States and their respective per-capita incomes (38). For instance, Hawksworth and Chan agree that most of the Asian nations have increased their rate of productivity and trading methods over the last two decades. States such as India and China will be some of the biggest economies in the world by 2050 due to their trading strategies and use of modern technology in production (7). However, emerging markets such as Africa and some countries in the Middle East will require reliable partners to help them understand both the legal and political frameworks that can help them succeed in international trade.

According to the article, large western companies involved in strategic investment will need to adopt alternative operative methods, which includes providing technical assistance to the local government to limit the number of risks they face. The sectors that will require extensive training comprising of fiscal policy, corporate governance and intellectual property rights protection. However, the article only concentrates on monetary and fiscal aspects of the economy and fails to discuss other important concepts including climate and social organization of the globe. This, therefore, limits the scope of the research and fails to elaborate how the economy may be affected by other changing factors. Notably, the research provides an overview of the expected effects of globalization and can be utilized by both the governments and investors in developing long-term plans that can promote growth and development.

 

Work Cited

Hawksworth, John, and Danny Chan. “The World in 2050: Will the Shift in Global Economic Power Continue.” PwC’s Economics and Policy (E&P) Team in the UK, 2015.