Craft a 15-20 page research proposal that specifically discusses how you would conduct a study that uses original data collection (within the context of practical constraints). Overall, you will provide the background for the research problem in which you’re interested and how addressing it would provide a contribution to the discipline; a clear indication of your research questions; a statement about your inquiry approach, philosophical assumptions, and aims; a thorough discussion of your research design and plan (e.g., selective literature review, sampling logic, data collection strategy, theoretical framework, and data analysis procedures); any anticipated problems with your strategy; and the potential implications of your study in terms of policy development, program enhancement, or theoretical contributions.
The J-curve (shown below figure 3) is a curve that falls and eventually rises to above the starting point making a J shape. The j-curve effect happens when a country’s trade balance falls after a devaluation of a currency this causes the drop in the curve. The trade balance increases causing the curve to rise. If a currency appreciates there could be a reverse of the J curve. (investopedia, 2017) Firms and exporters do not need incentives to reduce costs as they can now rely on the devaluation of the currency to improve competitiveness. There is a long term concern that devaluation can cause a drop in output because of the decline in incentives.(Economicshelp.org, 2017) It makes it more expensive for British people to go abroad because they get less money for their pound. Imports become more expensive e.g. raw materials and petrol. This reduces demand for the imports. The pound depreciating also makes it less attractive to foreigners to come and work in the UK, it also makes it more attractive for British workers to work in America where the dollar is higher. (Pettinger, T., 2017) Brexit is short for Britain’s Exit. It is talking about the outcome of the referendum that happened in June 2016 for Britain to leave the European Union. The result was not expected and caused the pound to fall against the euro, and the Prime Minster to resign. The process of actually leaving the EU started in March 2017. (Floyd, 2017) Manufactures do well from a fall in the value of the pound as it makes exports more price competitive. Rain Newton-Smith who is the CBI chief economist said “UK manufacturers are firing on all cylinders right now, with domestic orders up and optimism rising at the fastest pace in two years. The weaker pound is driving export optimism for the year ahead but is having a detrimental impact on costs for firms and ultimately for consumers.” This is saying that the manufactures are benefitting from the devaluation, they have had an increase in the number of sales but it is a disadvantage for the consumers as goods for them are now more expensive and for firms as it is more expensive to import raw materials. (Elliott and Kollewe, 2017) Exchange rate movement is the biggest concern for them as it creates a risk for manufactures business plan. The graph below (Figure 4) shows this- more people thought it as a risk to their business plan after Brexit at 75% than before at 42%. However, the manufacturers that sell locally are failing due to customers not wanting to buy their products e.g. cars. Since the Brexit result manufacturers are finding that imports are rising so are finding it difficult to buy raw materials, the devaluation of the pound starts off good. The restrictions of free movement of people within the EU could create issues with finding labour in factories and other parts of the manufacturing supply chain. If migrants are made to leave the UK it will cause more disadvantages for the manufacturing industry. UK workers may expect higher pay and EU migrants are willing to work for less, and they may have to train staf>GET ANSWER