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TUGAS 2 BAHASA INGGRIS NIAGA

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Amelia Vo'o
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23 views3 pages

TUGAS 2 BAHASA INGGRIS NIAGA

bahasa inggris

Uploaded by

Amelia Vo'o
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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TUGAS TUTORIAL 2

MATA KULIAH
BAHASA INGGRIS NIAGA (ABDI4201)

TUTOR PEMBIMBING
KRISNALDY 02001902

DISUSUN OLEH
NAMA : POPY HILDA AULIA
NIM : 048508146
KODE KELAS : 424

PROGRAM STUDI MANAJEMEN


FAKULTAS EKONOMI DAN BISNIS
UPBJJ UT SEMARANG
UNIVERSITAS TERBUKA
Read the following scenario and then answer the question in your own words. Your response
should reflect your understanding and analysis of the concepts of export and import,
demonstrating original thought and critical thinking.
Scenario:
A small country, Nation X, has a thriving agricultural sector but lacks the technology to
process raw materials into finished goods. As a result, Nation X exports a significant portion
of its agricultural products to other countries, where these goods are processed and then re-
imported as finished products. Recently, the government of Nation X has been considering
investing in technology to develop a local processing industry, potentially reducing its
dependency on imports and increasing the value of its exports.
Question:
Discuss the potential benefits and challenges Nation X might face if it decides to invest in
developing its local processing industry. How could this shift impact the country's trade
balance, employment rates, and overall economic growth?

Answer:
Investing in developing a local processing industry in Nation X could bring several benefits
and challenges. Here’s a detailed analysis:

POTENTIAL BENEFITS

1. Improved Trade Balance


• Increased Export Value: By processing raw materials locally, Nation X can export
higher-value finished goods instead of low-value raw materials. This can significantly
increase export revenues.
• Reduced Imports: With local processing capabilities, Nation X would reduce its
dependency on importing finished goods, thereby decreasing import expenditures.

2. Economic Growth
• Value Addition: Processing raw materials locally adds value to the products, which
can boost the overall GDP of Nation X.
• Industrial Diversification: Developing a processing industry diversifies the
economy, making it less vulnerable to fluctuations in the agricultural sector.

3. Employment Opportunities
• Job Creation: Establishing processing plants would create numerous jobs in
manufacturing, logistics, and related sectors, reducing unemployment rates.
• Skill Development: The need for skilled labor in processing industries would
encourage investment in education and training, enhancing the workforce's
capabilities.

4. Technological Advancement
• Innovation and Efficiency: Investing in technology for processing can lead to
innovations that improve efficiency and productivity in both agriculture and
manufacturing sectors.
POTENTIAL CHALLENGES

1. Initial Investment Costs


• High Capital Requirements: Setting up processing facilities requires significant
capital investment in technology, infrastructure, and training.
• Funding and Financing: Securing the necessary funds might be challenging,
especially for a small country with limited financial resources.

2. Market Competition
• Global Competition: Competing with established international processors might be
difficult initially, requiring strategic marketing and quality improvements.
• Domestic Market Adaptation: Local industries and consumers might need time to
adapt to new locally processed products.

3. Supply Chain Adjustments


• Logistics and Distribution: Developing an efficient supply chain for raw materials
to processing plants and finished goods to markets is crucial and can be complex.
• Infrastructure Development: Adequate infrastructure, such as transportation and
energy supply, is essential to support the new industry.

4. Regulatory and Environmental Concerns


• Compliance: Ensuring that new processing industries comply with environmental
regulations and standards can be challenging and costly.
• Sustainability: Balancing industrial growth with sustainable practices to protect the
environment and natural resources is critical.

IMPACT ON TRADE BALANCE, EMPLOYMENT RATES, AND ECONOMIC


GROWTH
• Trade Balance: The shift to local processing would likely improve the trade balance by
increasing export revenues and reducing import costs.

• Employment Rates: Job creation in the new processing industry would lower
unemployment rates and provide more stable employment opportunities.

• Economic Growth: The overall economic growth would benefit from increased value
addition, industrial diversification, and technological advancements, leading to a more robust
and resilient economy.

In conclusion, while investing in a local processing industry presents significant opportunities


for Nation X, it also comes with challenges that require careful planning and strategic
implementation. Balancing these factors can lead to sustainable economic growth and
improved trade dynamics.

SOURCE:
MODUL ABDI4201

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