Therefore, if when a consumer enters a store and sees similarly priced products, one imported and one made domestically, they can choose a US made product without feeling as if they are overpaying for the same product. Many American consumers would like to purchase American products but if American products are considerably priced higher than imports, it will make it a difficult decision. Since the protective tariffs would even the playing field for the consumer, it would be a beneficial implementation. 2. Point #2: Tariffs protect American jobs and wages.
Suggest why some people and not others benefit from the growth of Transnational Corporations (TNCs) Some people benefit from the growth of Transnational Corporations than others. MEDC’s benefit from the growth of transnational corporation because of cheaper imports from LEDC’s which benefit the consumers in MEDC’s as the prices will be cheaper, resulting in high produce, cheap price and ability to appeal to its market and compete with other companies. Another benefit of TNCS is that the loss of industry to LEDC’s can improve the environmental quality in MEDC’s, therefore reducing their CO2 emission and helping combat climate change. LEDC’s do to some extent benefit, as the workers has access to employment and the development of new skills. This will mean the population will have more money which will go into the economy, this will mean more income for improving infrastructure and services.
“The most important provision of this act however is the prevention of anticompetitive mergers. This occurs when a company buys a competing firm. While most mergers allow the companies to create better quality goods at less expensive prices, some mergers limit competition and make price fixing easier. This part of the act was designed to prevent mergers from creating monopolies” (Ellsworth, 4). This section of the Clayton act wanted to promote free trade and keep smaller businesses from getting too greedy.
| Countries with fragmented retail systems tend to have short channels of distribution | B. | The more fragmented the retail system, the less expensive it is for a firm to make contact with each individual retailer | C. | Fragmented retail systems tend to promote the growth of wholesalers to serve retailers | D. | When the retail sector is very fragmented, it makes sense for the firm to deal directly with retailers | | | 9. What is the basic message of the theory of comparative advantage? | | | Student Response | A. | Countries are similar in their ability to produce goods efficiently | B.
Personally I agree with what Anne O. Krueger is exclaiming and that economic globalization should be implemented. Economic globalization will in the end better the economy as a whole. Some small businesses may suffer, but as an entity the country will benefit. By reducing all tariffs the world of trade will broaden and expand to the lengths of the world. This will allow different parts of the world to enjoy merchandise that is specific to one country.
(Imperatone, W. 1992) American companies would negotiate with these countries because of cheap labor, which would allow American products to be made at a decreased cost. Another reason was that foreign land had an abundant of raw materials that could easily be used in the American Industries. American Imperialism gave a purpose to the US, versus what other countries were doing at the time. Countries like Germany, Great Britain, Belgium, Spain, Panama and Japan were expanding their borders, negotiating new trade markets demonstrating their strength and power. As the Unites States was growing, they also sought to protect its overseas territories like the Midway Islands, Hawaii, Guam, and Samoa.
'International aid brings both benefits and problems for a country trying to develop its economy' with the aid of named examples evaluate this view. (30 marks) International aid can bring many problems to a country in need of development, this is usually through the ill-use, ill-deployment and abuse of International aid by both the donor countries and the recipient countries. However, effective aid brings more benefits to developing countries than problems is the aid is properly allocated to the area most in need and the aid is not ties so that it benefits the donor. International aid can bring problems to a developing country as it can be an obstacle to development and can provide other problems put forward by the political right. Aid can become an obstacle to development because of the tied nature of much aid, which benefits the donor country more than the recipient, in economic terms.
Free labor would promote better competition for businesses, thus arising in new businesses and companies. This will keep cash flow constantly going. During this time we should increase our knowledge with new technology so that we as humans can create an easier living for ourselves. With the slave system this reduces the need for technological advancements and defeats the purpose of why we should invent machines to make our jobs easier. Slave owners can lower the price on their products, but in the long run that can cause the farmer financial ruin.
One of the reasons companies outsource workers, and thus help imperialize foreign countries, is for cheap labor. Western corporations can have multiple sources for a given item, in order to allow continued production once one region realizes it is being treated unfairly and strikes. Oddly, it is argued that these companies could survive without any foreign connection—capitalism without imperialism. But, this would lower profits and prevent “advanced capitalism.” The decision to claim that cultures with what is considered modern technology is defined by military power rather than which culture is actually superior. It is this force that essentially created this gap.
It is true that corporations and consumers receive the benefits of cheap labor, but to facilitate stability, taxpayers must cover the infrastructural cost. Notwithstanding all the negative ramifications, illegal aliens do raise the general effectiveness of the U.S. economy by adding profitable contributions via taxes and hence diminishes marginal cost for total product production. Though this topic is important, there are more significant topics (i.e. automation in manufacturing or the growth in global trade) that will have more impact on the U.S.