Free Trade And The Global Economy/A Comparison Between The United States Chamber Of Commerce And The Afl Cio

1107 words - 4 pages

Free Trade and The Global EconomyWhat is free trade? How does free trade help the global economy? Are the current free trade laws helping the United States economy? The United States Chamber of Commerce views on free trade and the global economy differ from the AFL-CIO views. While the government seems determined to stay with the current trade issues in place, the AFL-CIO is demanding changes be made to protect workers worldwide.An arrangement that establishes unimpeded exchange and flow of goods and services between trading partners, regardless of national borders is the best definition of a free trade agreement. Free Trade Agreements (FTAs) can help a company enter and compete more easily in the global marketplace, by leveling the international playing field and encouraging foreign governments to adopt and maintain good rulemaking procedures. International trade is an integral part of the United States economy, supporting more than twelve million jobs and one-quarter of the United States gross domestic product. FTAs provide groundbreaking cooperation in promoting labor rights and protecting the environment. Forty-three percent of all United States exports in 2006 were to countries with FTAs and the percentages are expected to climb again in 2007.What's wrong with American products? Our government, by their own omission, supports sending American jobs overseas. In August alone, ninety-six thousand jobs were lost: sixty-four thousand by the goods-producing industry, the labor market lost four thousand jobs, and the government accounted for the remaining twenty-eight thousand. Our government claims that "unemployment rate held steady for the month at 4.6%." I find that statement difficult to believe!"Trade and investment grow the economy, create jobs, and lift incomes. Exports directly support an estimated 12 million good-paying U.S. jobs, and imports boost choice, quality, and purchasing power. Foreign direct investment in the United States supports another 5.1 million high-paying jobs." (Christman). But this is only true when there is a balance between exports and imports. This is where trade reports become invaluable because trade reports show balances and imbalances. The trade deficits in the United States hurt the economy. The largest imbalance ever recorded with any country was in 2006. "The imbalance between our imports and our exports is so enormous now that our exports would need to grow at least fifty-three percent faster than our imports just to keep the trade deficit from growing." (Trumka). A recent trade report showed the deficit with China shot up last year a total of two hundred thirty-two and one half billion dollars, just over a fifteen percent increase. China has surpassed Japan as the country with the largest trade gap with the United States in 2000 and has held that spot since.Is their any common ground between our government and the AFL-CIO? The answer is a surprisingly yes! "While it might be tempting to consign the...

Find Another Essay On Free Trade and The Global Economy/A comparison between the United States Chamber of Commerce and the AFL-CIO

Comparison Between the Articles of Confederation and the United States Constitution

953 words - 4 pages process and exercise of self-government. During the articles, the national government consisted of a single house of congress. There was no judicial branch of government, only authority to mediate. The government, formed by the articles, was more of a friendship between the states; this government was also very dependent on the states. The Articles of Confederation left great concerns with the people of the United States; they felt there were

COMPARISON OF THE EDUCATION SYSTEM BETWEEN VIETNAM AND THE UNITED STATES

788 words - 3 pages system of Vietnam and the United States will now be explored.The first thing that is different is the structure of the education system. In Vietnam, the structure is 5-4-3; five years of elementary school (grades 1-5), followed by four years of secondary school (grades 6-9), and three years of high school (grades 10-12). Higher education programs last between two and six years. In the United States, the structure is 5-3-4. However, both the U.S

The United States, the United Nations, and Global Human Rights

5987 words - 24 pages , the United States seeks to encourage the protection of human rights and reducing human prejudices by advancing the notion of democracy and not necessarily by advocating global peace as it once had. Ironically, even though the UN aided the U.S. into its position as a world leader post-WWII, the U.S. tends to believe that the UN is holding them back from further developing as a prevailing Nation. This conflict between the U.S. and the UN can be

The United States Economy: The Slow Recovery of a Nation

817 words - 4 pages solidifying while interest rates remain low. The Federal Reserve continues its vigilance with a focus on sustainability in the economy. Conclusion Since the recession ended in 2009, the United States economy is slowly recovering. The Federal Reserve has been instrumental in the healing these economic times and yet their efforts won’t last forever. According to Federal Reserve Bank of New York

Slavery and the Economy in the United States

717 words - 3 pages industrialized America that you see today.Reference PageJames, C.L.R. "The Atlantic Slave Trade and Slavery: Some Interpretations of Their Significance in the Development of the United States and the Western World." A Turbulent Voyage. 3rd Ed. Floyd W. Hayes III. San Diego, California. Collegiate Press, 2000. 58-82.Baron, Harold M. "The Demand for Black Labor: Historical Notes on the Political Economy of Racism." A Turbulent Voyage. 3rd Ed. Floyd W

A comparison of the United States Constitution And The Declaration of Independence

723 words - 3 pages IntroductionThe United States Constitution and The Declaration of Independence are two of America's most famous documents that laid the foundation for it's independence as a nation and separation from British rule. The following paper will compare these two documents and decipher the difference of the two.While both Declaration of Independence and the United States Constitution contain important information regarding America's independence they

Immigration and Its Effect on the United States' Economy

1524 words - 6 pages Immigration and Its Effect on the United States' Economy The 1990s have brought the largest influx of immigrants into labor force of the United States of any decade in this nation's history. A panel of social science scholars concluded their assessment of U.S. society with the observation that "America's biggest import is people" and determined that "at a time when attention is directed to the general decline in American exceptionalism

Globalisation - "Examine how global, regional, and bilateral trade agreements can impact on the global economy."

2315 words - 9 pages of tariffs, subsidies and quotas.A subject of debate is whether trading blocs assist or hinder trade liberalization - preferential trade agreements between countries within a particular block may obstruct our path to global free trade as they divide the global market into separate divisions. However economists agree that trading blocs act as a stepping stone to free global markets, as they remove protective barriers, encouraging countries to open

A cross-cultural comparison of political attack ads in Brazil and the United States.

3206 words - 13 pages indicates a lack of studies that draw a comparison between political advertising in the United States and some of the countries that belong to the developing world. Brazil is able to provide a good setting for this research for many reasons. It is the largest, most industrially developed countries in Latin America but also one of the most unequal. The country's stark socioeconomic contradictions and its rich mix of societal interests make its

International and Domestic Marketing Comparison: Bulgaria and the United States

1076 words - 4 pages Trade on an international level has increased over the past decade and continues to increase today. There are many companies who do both domestic and international marketing, and many foreign companies that operate in the United States (US) domestic market today as well. When a business decides to operate on an international level, there are several factors that must be taken into consideration. The purpose of this paper is to examine those

A comparison of the perceptions of Love, Anger, and Guilt in Portugal and the United States and implications for counseling

4631 words - 19 pages features of romantic love in a free response format. One of the most commonly generated characteristics was sexual attraction and desire. These results supported the researchers’ hypothesis that the concept of love is prototypically organized and that sexual desire is one of the central features of this concept among United States subjects ( Regan & Kocan, 1998).One study involving love relationships in Portugal was conducted asking

Similar Essays

Electronic Commerce (E Commerce) And The Global Economy

1212 words - 5 pages Electronic Commerce (E-Commerce) and the Global Economy Introduction The world we live in today, revolves around technology, new innovations and constant change. The global economy incorporates these changes into its daily applications forming a technological driven world where businesses thrive on information and competitive markets. Computers and communication networks have planted a seed in this information age where enterprises

A Critical Analysis Of Trade Imbalance Between China And The United States

6553 words - 26 pages run up even larger trade imbalances. The resulting unemployment, drain on the world economy, and likely erosion in the United States of political support for free trade could have serious economic and political implications for the entire world.Yet some American analysts believe that China is strategically less important to American global interests than before. This same claim holds true for the PRC. For Chinese policymakers, the strategic

The Canada United States Free Trade Agreements

1215 words - 5 pages standards and corporate governance in Canada.The results of these agreements thus far for Canada:These agreements play a significant role in economy and trade because Canadian trade is very heavily concentrated with the United States. Under these agreements, Canada's goods and services have better access to the United States and Mexico. This particularly benefits the automotive industry, financial services, energy, machinery, electrical equipment and

Acceptance Of The Homosexual Lifestyle: An Evaluation And Comparison Between The United States And Other Locations

1777 words - 7 pages Acceptance of the Homosexual Lifestyle: An Evaluation and Comparison between the United States and Other Locations The idea of homosexual behavior has created a number of responses worldwide. Currently, the United States has many levels of acceptance of homosexuality. There are places on this earth that have the same outlook as the United States, and there are places that are completely opposite. By looking at these different perspectives