After all of the bad things that our country went through, we came out as a stronger nation. A positive effect of westward expansion was the land we gained. One third of the land that is owned by the United States today was gained during Westward Expansion. The US gained at least part of 10 states from Mexico to expand and settle. This had a negative effect also.
Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
Canadian firms will be able to participate in, and expand sales in, sectors that were previously highly restricted, such as autos, financial services, trucking, energy and fisheries. Mexican tariffs and import licensing requirements will be eliminated, some immediately and others over a five to ten year period - providing barrier free access to 85 million consumers. NAFTA practically envelops every field of business in Canada and provides many provisions as well as both real and potential advantages to Canadians in all most all places in the work place. Agriculture products play a significant role in Canada's exports to other countries. Canada has first-rate fertile farming land that has produced great results as well as superior livestock and excellent crops that have contributed to productive and flourishing trade of their agricultural products and services.
Hemp is a crop that can be grown for food and non-food purposes and made into over 25,000 different products. As a result of its numerous nutritional benefits many new food products containing hemp seeds and its oils are finding their way into the market place. As a fiber source hemp is undergoing a rapid growth as a natural fiber. The combined retail value of hemp products sold in the United States in 2010 was $420 million. So a government that once thought of hemp as the wealth and protection of this nation now is the only country that has outlaws the industrialized growth of this valuable resource and is missing out on the benefits of hemp.
This shifting of the labor market has other effects too, outside of the labor market. Chapter 15 brings up externalities and there are negative externalities associated with the globalization of trade. The exporting of jobs for cheaper wages creates cheaper products. These products may be sold at a cheap price. The higher transportation costs are involved with outsourcing, shipping products across the world is subsidized by cheap oil, and the business is not responsible for the cost of their increase in
In North Dakota, due to the fracking going on there, there has been a surge of jobs in the area and even those not in the industry have benefitted. A friend of mine moved to North Dakota to work on the wells but after finding it very difficult to get employed in this industry opted to get a menial job at McDonalds where he ended up making $20 per hour which is 3 to 4 times what he would have made at the same position in Pennsylvania. Also the money made from taxes being paid both from the extraction companies and its employees has contributed to the local economies of these states as well. As can be seen from this information there are a lot of economic benefits, both direct and indirect, to be had from the extraction of natural gas and petroleum from fracking. (American Enterprise Institute.
The local economy and the global forces and economic pressures have affected people’s prospects in achieving a rich lifestyle and rely heavily on government entitlements and programs which so many criticize as going in the wrong direction. But in reality, entitlements like Medicaid, food assistance (SNAP), Medicare and Social Security have helped so many Americans survive through these hard times, although many of these programs do not form part of the American Dream in many minds. In the past many Americans depended on manufacturing jobs for their livelihood. When they got a job, there was a great amount of certainty that they could rely on it to progress and sustain a healthy lifestyle for their family to buy a home, car and everything that came with it. Today those jobs have gone to other developing nations who can afford to hire employees at low wage.
There are many reasons why we should support immigration reform such as: immigration is good for the economy, immigrants already pay taxes, everyone deserves equal rights, it strengthens families, and it can stop racial profiling. Many of us can say we are children of immigrants. Either our great grandparents, grandparents, or even parents came to America for a better life. Today, we find that immigration is not seen as a positive for our country, but rather it is unquestionably considered
has raised many concerns over what our immigration policy should be. While the pro-immigrant supporters say “immigrants do jobs natives won’t do” is overly stated, it is true that there are fewer Americans who work in the same field as low-skilled immigrants such as in agriculture. As a consequence to this fact, most Americans benefit from immigration because it reduces the wages of some low-earning American workers who compete with immigrants for jobs. This is not a problem because U.S. labor markets are flexible to absorb immigrants without depressing low-skilled Americans’ earnings. One reason for this is that employers are able to adapt their production methods to the available work force, which goes well with their ability to adapt to changes in immigration policy.
International Trade Simulation Darlene Traci Kepner XECO/212 June 17, 2012 Jim Vernon International Trade Simulation I am advising International trade recommendations for the President of Rodamia. The advantages of international trade and investments imports will create a wider variety of products which will give them a choice in price and quality. Domestic producers can expand and sell their products to other countries creating jobs, capital, and new investments, increasing the economy. When trading you have to look at the opportunity of cost production this is what defines the comparative advantage in which a country can produce a particular good or service at a lower marginal price, compared to another country; basically a choice