StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - International Trade Debate Part II

Only on StudentShare
Pages 2 (502 words)
The last few decades of the 20th century and the early years of the 21st century have been witness to increased Globalization of Trade and Commerce. Again, this was not an unexpected phenomenon and has been predicted from time to time by Economists around the world…

Extract of sample

1. While lower-end production jobs have been lost to 3rd world countries, increased use of automation and component-based manufacturing have resulted in an increase of high-paying manufacturing jobs in the US.
4. This increases the employability of Americans, opening up opportunities not just within the US, but overseas too. More Native Americans have migrated out of US in the past 20 years than ever before in history.
1. What is called as outsourcing and off shoring is nothing but one way of implementing balance of trade. The US has more bargaining ability than any other country in the global economy, and any loss of jobs to outside of US would have been offset by a host of other commercial and economic benefits, which are not always visible.
2. Migrants bring high-end skills and specialization to the American economy thereby helping it to maintain its sovereign status. A typical example is the Information Technology industry which employs thousands of migrants, but the largest consumer of which is American industry, which has moved up the value chain, through more automation.
4. Stronger 3rd world economies directly results in lesser migration of low-skilled workers from other countries, and hence less crime, lower unemployment rates and less Government spending on social security.
In the long run, Globalization and International Trade benefits all ...
Download paper
Not exactly what you need?

Related papers

Contradictions in International Trade
Market is a medium that allows trade. In the olden days trade was called barter, where people used to exchange mostly goods directly. But with the invention of money (and credit, non-physical money and paper money very much later on), trading has now become convenient and been made easier.…
18 pages (4518 words)
International Business - World Trade
Also the governments' interest in the health or the profits of the industry as well as the capitol flow which in turn affect the states' economy is highlighted in this case study.…
7 pages (1757 words)
Leadership Profile PART II
All sorts of leaders, be it a political leader, group/team leader (for a project), leader in any field or discipline(s) and any n' every leader; they, despite being unique by several of their attributes, they have a few similarities (Gareth & Charles, 2005). They show some of the similar patterns which can be integrated into a few categories or types of leadership styles as per the leadership…
6 pages (1506 words)
The Hegemony Debate in International Relations
In technical terms, a "polar actor" (or a "pole") is a state or a coalition of states that is so significant that its removal (or its entrance) would alter the contours of the interstate system. In more prosaic parlance, a polar actor is a Great Power.…
25 pages (6275 words)
Foreign investment law and international trade law can no longer be separated, they need to be studied and applied with a coordinated or even integrated perspective.
Today, with the increasing globalization of world economy, International trade and foreign direct investment have grown dramatically. This has made Foreign investment law and International trade law more important as subject of study and as a viable solution to counter the negative impacts of free trade regime.…
5 pages (1255 words)
International Trade - World Trade
The first factor, the rapid advancement in information technology, which linked nations through its borderless information highways through its continuing advances and dynamism, played an important role in bridging the gap in the international trade system, primarily in the standardization of the import and export trade, in the implementation of international payment system, and in the effective…
8 pages (2008 words)