Business

Portfolio Framework 3

The critical reading has a word limit of 300 words (not including referencing).

NOTE: over-length penalties will be applied. There is no word limit for “Thinking about your learning”.

1. Complete a critical reading of:

Gould, B. (2010, December, 7). NZ's faith in free trade is blind. New Zealand Herald. Retrieved January28, 2011 from http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10692535

See the CRITICAL READING GUIDE FOR STUDENTS for additional information on what is required.

2. Thinking about your learning

How have you participated in GBE classes this semester?

(E.g., Participated in paired discussions/group discussions; asked questions; offered ideas; presented to the class. Provide examples)

How can your participation improve?

What are your strengths and weaknesses as a student?

What can you do to address your weaknesses?

Recession is a word being used more and more in nowadays. “Many professionals and experts around the world believe that a true economic recession can only be confirmed if GDP (Gross Domestic Product) growth is negative for a period of two or more consecutive quarters.” (Recession.org) It was started in USA, let us go back a little back in past at America. As more and more people borrowed their home loans, the demands for property raised and fueled the home prices further. There was enough money to lend to potential borrowers, the banks and loan agencies started to widen their loan disbursement reach and make the conditions much easier for people. But did they really have ability to pay back? Finally, it was like a boom dropped in our world and driving the economy to a new level. It was one of the main reason caused global recession. It also effected many other countries and brought them to face a hard economy situation. In 2008 New Zealand economy sliding into recession, and Ms Bradford said the global financial meltdown and its effects have taken longer to affect New Zealand...