NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: International Business

Internal Assignment Applicable for December 2020 Examination

1. Discuss how Porter’s Diamond Theory can be used to explain India’s growth as a IT services export hub for global markets.

2. How do the levels of economic integration differ? How does USMCA (United States-Mexico- Canada Agreement) differ from NAFTA in terms of economic benefits for member nations? (10 Marks)

3. Read the passage and answer the questions given below it:

While there’s no launch date yet, the People’s Bank of China is likely to be the first
major central bank to issue a digital version of its currency, the yuan, seeking to keep
up with -- and control of -- a rapidly digitizing economy. Trials have been held this
year in a handful of cities and tests have started with some e-wallets and online apps,
with the Covid-19 pandemic and need for social distancing providing a new sense of
urgency. Unlike cryptocurrencies such as Bitcoin, dealing in the digital yuan won’t
have any presumption of anonymity, and its value will be as stable as the physical
yuan, which will be sticking around too. Behind China’s rush is a desire to manage
technological change on its own terms. As one PBOC official put it, currency isn’t
only an economic issue, it’s also about sovereignty.
Not all the details are out, but according to new patents registered by the PBOC and
official speeches, it could work something like this: Consumers and businesses would
download a digital wallet onto their mobile phone and fill it with money from their
account at a commercial bank -- similar to going to an ATM. They then use that money
-- dubbed Digital Currency Electronic Payment, or DCEP -- like cash to make and
receive payments directly with anyone else who also has a digital wallet. Some
questions remain, including the impact on Big Tech companies such as Ant Group Co.
and Tencent Holdings Ltd. that already offer payment services. (retrieved from :

Internal Assignment Applicable for December 2020 Examination

a. What is the role of digital currency in the economic environment of a nation?

(5 Marks)

b. How does digital currency impact those companies doing business with China?