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#1 Due Date: 10/26/2014 11:59:59 PM 

 

400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

The importance of trade continues to be a topic that is debated because the gains are not always quantifiable by those involved. An article by Ed Crooks published on January 6, 2011, "America: Riveting Prospects," discusses why American companies are sometimes opposed to exporting.

Using your search engine type "America: Riveting Prospects" by Ed Crooks, published in the Financial Times on January 6, 2011. You will notice several options under this title, chose the link that is provided by the Financial Times. There is a free version of this article through the search engine. Avoid going directly to the article’s Web address because you will be prompted to subscribe to its membership. A subscription payment is not necessary to review this article.

Summarize why the author claims that U.S. companies are still having issues with exporting, and discuss the following:

  • The five reasons that Crooks outlines in his article
  • Whether you agree with The Economist's viewpoint or with The Industrialist's viewpoint

#2

 

 Due Date: 10/27/2014 11:59:59 PM CT

800-1000 words

As a business owner, you need to approach the issue of globalization and trade in context. With all the complicated tariff and nontariff trade policies, organizations, and government involvement, the important question to ask is why the United States maintains certain economic policies.

Consider the following questions:

  • Research where you would find the U.S. international trade policies and their history as they apply to various industries.
    • Chose two industries, and focus on those.
  • Do the economic trade policies today help or hurt business owners and laborers?
    • Is the automobile industry protected?
    • Is it considered an infant industry?
    • What tariff policy is in place for automobile manufacturers?
    • What type of administered protection is in place, if any?
    • Compare the automobile industry to the two industries you chose to research.
  • How could the state or local representative help or hurt a business owner in the era of globalization?
  • How did the policies for manufacturers of automobiles evolve? For example, what influences do the following organizations have on business owners, and what is their history?
    • The World Bank
    • The IMF
    • GATT
    • The European Union
    • NAFTA
    • The Doha Round
  • Does NAFTA affect the automobile industry's decisions on what to do with labor costs? Capital costs? If so, how? Was this trade agreement good for the United States from an economic standpoint? Was it good for Mexico from and economic standpoint?

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