A Critical Analysis of Free Trade Essay

A Critical Analysis of Free Trade Essay

Length: 1373 words (3.9 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

America is at an important time in its history where its economic future is looking catastrophic and the worst of any time in its history, excluding the great depression. The wealth gap in America is one of the worst in the world, our middle class is shrinking, and over 70% of corporations that make billions pay zero federal income taxes. While the leaders at Capitol Hill are trying to come up with ideas to prevent this from continuing; the answer is right in front of them, reorganize and fix the free trade agreements in place. Free Trade is wrong for America and is the reason for outsourcing and the decline of our once great manufacturing sector

Since the year 2000 America has lost 5.5 million manufacturing jobs; 2.2 million of those jobs were lost after 2008 showing a steep decline in the sector that is theorized to decline even faster with more trade agreements being negotiated. Big businesses are essentially relying on America to be a nation of consumers and sustaining an entity of such large proportions without creating anything is un-executable. If businesses just sold products and made nothing the bulk of the money would always go to the nation of makers since the profit for selling is lower than creating. The middle class has always been largely made up of blue collar workers but while they’re being destroyed the white collar sector is not safe. During the 2000’s, a substantial influx of tech jobs being outsourced to India and China was seen. Customer Service Call Centers are being placed in India along with in-house tech assistance departments. White collar jobs previously considered to be safe are being sent offshore including accounting, stockbrokers, data entry, etc. Once considered the holy grail of jobs that canno...


... middle of paper ...


...china/gdp-per-capita>.

Elk, Mike. "Chinese Tire Tariffs Saved Jobs—So Will Dems Take Action on Chinese Currency? - Working In These Times." In These Times. IN THESE TIMES AND THE INSTITUTE FOR PUBLIC AFFAIRS, 3 Sept. 2010. Web. 28 Sept. 2011. .

McCormack, Richard. "The Plight of American Manufacturing." The American Prospect. The American Prospect, Inc, 21 Dec. 2009. Web. 28 Sept. 2011. .

Yeebo, Yepoka. "Corporate Profits At All-Time High As Recovery Stumbles." Breaking News and Opinion on The Huffington Post. TheHuffingtonPost.com, Inc, 25 Mar. 2011. Web. 28 Sept. 2011. .

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Analysis Of The Article ' Seven Moral Arguments For Free Trade Essay

- In the article, "Seven Moral Arguments for Free Trade," Daniel Griswold provides just what the title suggests, seven arguments on why free trade is a good thing to have in a country. Griswold is co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University, which builds his credibility on the topic. His article was published in the CATO policy report, in which Griswold explains thoroughly why free trade is beneficial to all. The article explains how free trade benefits the individual in many ways, but also how it has a global impact as well....   [tags: Morality, Ethics, Moral, Critical thinking]

Better Essays
993 words (2.8 pages)

Is Free Trade Passé? Essay

- “Free trade is not passé, but is an idea that has irretrievably lost its innocence” (Krugman, 1987, p.132). In his article, Is Free Trade Passé, Paul Krugman writes that the classical trade theory has been replaced with a new trade theory. The classical trade theory is based on constant returns to scale and perfect competition, is driven by comparative advantage, and endorses free trade. This classical theory emphasized the idea that trade was brought about by differences in tastes, technology, or factor endowments between countries (Krugman, 1987)....   [tags: Critical Thinking Essays]

Better Essays
1171 words (3.3 pages)

Essay about The Main Stages Of Critical Thinking Research

- The classic forms of social criticism were developed and applied in practice, even in ancient philosophy by Xenophanes, Socrates, Plato and the Cynics. The interest in critical thinking has never waned in the social and political thought, but social criticism reached true prosperity in the Enlightenment. Voltaire and Rousseau, Montesquieu and Locke, Hume, and Kant saw the most important means of formation of free and responsible citizens, harmonious and creative personality in a critical attitude towards the institutions and values....   [tags: Critical thinking, Reasoning, Logic, Thought]

Better Essays
1321 words (3.8 pages)

The Current Pattern Of Global Growth Profound Adjustment, Asian And European Countries At A Critical Stage Of Economic

- "Along the way" to reshape the new world economic pattern Institute of World Economy Shanghai Academy of Social Sciences recently released the "2016 World Economic Analysis Report." The report analyzes the view that in the current pattern of global growth Profound adjustment, Asian and European countries at a critical stage of economic transformation and upgrading, "along the way" world economic growth will expand the new space, a new pattern Reshaping Economic Geography of the firm leading the world economy recovery, promote global economic structural transformation of great significance....   [tags: International trade, Economics, Globalization]

Better Essays
1557 words (4.4 pages)

Essay about International Monetary Fund and the World Bank

- Application: Critical Analysis Much can be said about the International Monetary Fund (IMF) and the World Bank (WB). Beginning with the facts, both are international institution established after the Second World War to promote economic cooperation and development. They are part of the United Nations (UN) system, providing financial and technical assistance to countries around the world. Although membership is voluntary, almost all nations are members. Furthermore, both organizations have made critical contributions to ensuring and promoting global economic stability, development, and integration....   [tags: application, critical analysis, United Nations]

Better Essays
2180 words (6.2 pages)

Analysis Of Capitol Hill Jumping Is The Matter Of The United States Essay

- The question that keeps the public in a constant frenzy and the big chairs at Capitol Hill jumping is the matter of the United States and her future endeavors economically. There is one issue that has really sparked an interest in the 21st century, and that is the redeployment of jobs overseas, in other words the globalization of the United States. Now we all hold our own opinions and are entitled to just that, but regardless of where one stands on the political spectrum of things, globalization is happening, and we all have been affected by globalization for the better, or for the worse....   [tags: International trade, Economics, Globalization]

Better Essays
1236 words (3.5 pages)

Globalization Is Destroying the World Essay

- Sociological Roots The creation of globalization isn’t new. It has been around as long as humanity has been mobile. In the most recent decades has the theory of globalization really started to gain traction. With the new modes of information transfer and logistical efficiency did globalization take off at an exponential rate. The increase and effects of globalization, whether good or bad, was brought to the public’s attention. This essay seeks to explore globalization in its various forms through critical analysis, and summarize with this author’s personal ideals....   [tags: International Free Trade, Global Commerce]

Better Essays
2819 words (8.1 pages)

Essay on Critical Reflection of the Porter Five Forces Concept

- INTERNATIONAL BUSINESS Strategic Management I Critical Reflection of the Porter Five Forces Concept Table of Contents 1. Executive Summary 1 2. Explanation of the Porter Five Forces framework 1 3. Analysis of the Porter Five Forces concept 2 3.1. Benefits of the Porter Five Forces concept ,2 3.2. Limitations of the Porter Five Forces concept 3 4. Conclusion 4 Bibliography 5 Appendix…………………………………………………………………………………...7 1. Executive Summary In a world of free trade, growing competition and accessibility to foreign markets, the need for methodical market analysis and assumptions is steadily rising in today’s business environment....   [tags: Strategic Management]

Free Essays
1474 words (4.2 pages)

Free Trade And Trade Agreements Essay

- Introduction Free trade is a policy that lifts all trade tariffs and barriers and thus encouraging the free movement of goods (imports and exports) between nations. Agreements to free trade establish free markets where countries can engage in trade in a free and conducive environment. This type of trade is made possible by free trade agreements made between countries. According to the International Trade Administration, these agreements help minimize barriers to exports form the US, protect their interests as well as enhance the rule of law in member countries....   [tags: International trade, Free trade]

Better Essays
2266 words (6.5 pages)

Regional Analysis: North American Free Trade Agreement Essay

- Regional Analysis: North American Free Trade Agreement In today's globalized economies, virtually every country in the world belongs to some form of regional integrated trade organization whether by direct membership, bilateral or multilateral agreement. Regional integration is a process by which sovereign states in a particular region enter into an agreement to promote economic growth through the reduction of barriers to trade restrictions and safeguard common interests such as the environment....   [tags: Free Trade Economics]

Better Essays
1492 words (4.3 pages)