Tag: communication

In this Assignment, you will be assessed on the following outcomes: GEL-1.1: Demonstrate college-level communication through the composition of original materials in Standard American English. PC-4.1: Assess the value of multiculturalism and diversity in a global environment. Assignment An effective understanding of economics forms the foundation of every manager’s, entrepreneur’s, bureaucrats, and leader’s ability to analyze business situations and to develop an appropriate response. The globalization of business is a fact of life for all business professionals. One of the most contentious issues in today’s global business world is the issue of closing local manufacturing facilities, laying off those American workers, and re-opening the same manufacturing facility in an Asian, or other third world country. Look in your own closet at the clothes you have purchased. Pick any 10 items of clothing and look at the labels in those clothes. Where were they manufactured? How many of the 10 items were manufactured here in America? If that same exercise had been done 50 years ago, (approximately the 1970s), all the clothes you owned would have been manufactured in textile mills in the Southeastern United States (Georgia, Alabama, Mississippi, North Carolina, South Carolina, etc.). All those Southeastern textile mills are now closed, and people buy foreign made clothes. If you were able to go further back in time to 150 years ago (1870s), the clothes you owned would have been manufactured in textile mills in the Northeast United States (Maine, New Hampshire, Vermont, Massachusetts, etc.). Yet, by the early to mid-1950s, those Northeastern textile mills were closed and their workers were out of a job. The mills had all relocated to the Southeast during the years following the Civil War. Many people say that we should ban the import of these foreign made clothes, so that more workers in American clothing textile mills could have jobs. Others say that we should continue to import clothing because imported clothing is relatively less expensive and more people can afford to buy more clothes at these low prices. Still others say that we should put an import tariff (an extra tax that would be paid when we buy these imported clothes), making the price of imported clothing comparable to the price of clothing made in the U.S., and, therefore, encouraging American consumers to buy American-made clothing. Questions Before answering the following questions, review the Assignment Checklist. Then, in a separate Word document, answer the following questions in a 3–4 page expository research paper: 1. Considering what you have learned about “comparative advantage” and relative “marginal opportunity costs,” discuss the advantages and disadvantages to all involved parties (American workers, American consumers, foreign workers, and foreign consumers) of continued importation and acceptance of foreign made goods into U.S. markets. 2. Compare and contrast the advantages and disadvantages of instituting an import tariff, or an outright ban on the importation of certain goods into U.S. markets. 3. Include in your research American trade agreements such as the NAFTA (North American Free Americas Agreement) and the proposed trade agreements of the FTAA (Free Trade Area of the Americas), TAFTA (Transatlantic Free Trade Area), and the Trans-Pacific Partnership. What are the main pros and cons argued in favor, and against these trade agreements? Why do you think each party feels the way they do about the issues? 4. In considering the foreign trade issue, discuss the benefits and challenges between Americans and the cultures of the citizens of the various trading partner countries with which these trade agreements are made. Discuss the importance of your ability to understand and accept cultural differences in a global context. What recommendations would you suggest to increase American understanding and acceptance of foreign cultures? Assignment Checklist: • Write your paper in a separate Word document. • Unless specified differently by your course instructor, save your Assignment to your computer with the following file naming format: Course number_section number_Last_First_unit number • Your title page should, at a minimum, contain the following information: Your Name, Course Number, Section Number, Date, and the Title of your paper • Write a 3–4 page paper (in addition to the title and reference pages) following APA format with citations to any quoted, or paraphrased sources. Your written research should also be in Standard American English with correct spelling, punctuation, grammar, and style (double spaced, in Times New Roman, 12–point, and in black font). • Your paper should provide a clearly established and sustained viewpoint and purpose

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Economics: Research Paper

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Research Paper

The United States remains the largest economy in the world today. However, efforts have been put into bringing organizations such as World Trade Organizations and free trade into the world economics. Therefore America in some way finds it difficult to work against its own policies. Businesses today basically compete on global scale (Chisik, 2002). It is therefore, important for entrepreneurs, manufactures and retailers to increase in their competition to survive in the market. Pioneers of economics have demystified more on the importance of importation and exports of goods across the countries as a means of gaining comparative advantage.  Importation is not only the core business ideal today, but also makes the economies of different countries grow (Chisik, 2002). Each country is vested with particular resources, and on the other hand a country may lack other vital resources that will develop and improve their economy. For instance, some countries are rich in minerals like; gold, diamond or fossil fuels and other precious metals; on contrary other countries are in lack of the same minerals. In addition, some countries have excellent educational systems; infrastructure and others are still struggling to grow. The differences in resource endowment………………………………………………….

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