The Pros And Cons Of Dr. Tom Shaw's Roundtable
analytical Essay
288 words
Dr. Tom Shaw’s roundtable made me more aware of the pros and cons with globalization. At the beginning of the event, he made us count off by twos, then he told the students who were number one that they were for free trade, and the number two’s were against globalization. The reason for this was to make us argue each side of the topic, making us more aware of how well this could turn out by continuing free trade or completely getting rid of it.
Some of the benefits of free trade would be, consumers receiving more items for cheaper prices and the companies would be making more profits since the consumers would be buying more, but if items would only be made in America, the companies would now have to pay the American people more money, yet it
In this essay, the author
- Analyzes how dr. tom shaw's roundtable made them more aware of the pros and cons of globalization.
- Explains the benefits of free trade, such as consumers receiving more items for cheaper prices, and companies making more profits, but if items were made in america, the companies would have to pay the american people more money.
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- Argues that globalization has changed the way people trade drastically. the idea of comparative advantage has some merits; shrewd businessmen have identified countries with weaker labor and environmental protections and exploited these areas to maximize their profits.
- Opines that free trade without regulation is held up as the ideal because it permits countries to specialize in the things they do best rather than nations trying to protect their industries.
- Argues that people will always be willing to work in dangerous or underpaid conditions because there is no alternative for them. the best way to promote the rights of these workers is through fair trade.
- Explains that fair trade is possible, including instituting a universal minimum wage and ensuring that there is not one market that is more vulnerable than another.
- Explains that the cocoa industry in west africa uses child labor to grow the crop, trafficking children from other countries to work on plantations.
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- Explains that the trans-pacific partnership is a secretive bill instituted by the u.s. government to allow transnational corporations the ability to globally control our food, medicine, and the internet.
- Explains the importance of free trade as a positive beneficiary to not only the u.s.’s economy. the trans-pacific trade agreement has little to do with trade.
- Argues that the intellectual property chapter in the tpp is a way to get large corporations, such as monsanto, to support it.
- Explains abraham maslow's hierarchy of needs, which states that every human being is motivated in order to satisfy five fundamental needs.
- Explains that hunger is affecting over half the world's population, and food prices have soared upwards by 83% over the last three years. the trans-pacific trade agreement patenting products will only benefit the powerful while crippling the poor.
- Analyzes how the tpp's chapter on intellectual property will guarantee monsanto the ability to monopolize the food industry like never before.
- Argues that the tpp's proposal will create a system in which every individual who needs care will be directly affected.
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- Explains that free trade reduces the prices of goods and services to consumers and has many positive effects.
- Analyzes how the hecksher-ohlin model helps countries with labor abundances to benefit from job creation from free trade. the north american free trade agreement helped the united states shift its manufacturing to mexico.
- Explains that reducing trade barriers and increasing the openness to trade can lead to rises in labor productivity.
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In this essay, the author
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- Explains that there is an alternative to free trade called equity of trade.
- Analyzes how protectionist laws reduce consumer spending power and cost the economy. they argue that keeping out foreign goods will save jobs and reduce trade deficits.
- Explains that the u.s. semiconductor trade pact, which pressured japanese producers to cut back production of 256k comput er memory chips, caused an acute worldwide shortage of these widely used parts.
- Opines that the only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity.
- Opines that the #1 danger to world peace is the economic philosophy of nationalism.
- Explains that society thrives on trade because trade makes specialization possible, and increased output reduces the cost of toil for men.
- Argues that it's logical to believe that the foreign trading entity will not leave all the tariff money to go into the u.s. treasury by default.
- Analyzes how advertising and promotion play a vital role in making the tobacco wars real. the kings of media ploys are marlboro and camel.
2902 wordsRead More - A Critique of the Juliette Beck Speechanalytical essay...cally flawed, and did not even give many localist alternatives to corporate globalization, in addition to not giving any real alternative to it. However, in spite of this, some people on campus were so inadequately informed about the reality of how globalization is being carried out that it did do some level of good. Under a constant barrage of statistics and moralistic proclamations aimed at revealing the debased practices of institutions such as the IMF and World Bank, some students did leave with a better perspective on how corporate globalization (i.e. Capitalism, if they come to identify it as such on there own) is operating and with more interest with, at the least, becoming much better informed on the issue and, at the best, even becoming involved with political and civil organizations aimed at humanizing and democratizing the process known as globalization.
In this essay, the author
- Analyzes how beck's speech, "reclaiming just and sustainable communities in the age of corporate globalization," was flawed in that it was incoherent and empirically incorrect.
- Argues that globalization is possible, but regressing back into history, destroying a globalized world, and making localism over all, is useless and silly.
- Analyzes how beck succumbed to the false romantic ideology that "small is beautiful". instead of focusing on one order of capitalism (localism) vs.
- Opines that beck's statement is logically impossible as long as logic works (as opposed to magic) we can't use more resources than we have at a maximum.
- Analyzes how beck's speech was logically and theoretically flawed, and did not even give many localist alternatives to corporate globalization.
964 wordsRead More - The Impact of Globalization on Everyday Lifeanalytical essayMorris, David. “Free Trade: The Great Destroyer.” The Case Against the Global Economy, and a Turn Towards the Local. Eds. Mander, Jerry and Edward Goldsmith. San Francisco: Sierra, 1996.
In this essay, the author
- Explains that micronesia's success may be seen as a victory for both the fsm and the west. however, globalization has had on traditions of the world.
- Analyzes how women have been preferred in the workplace for their agile hands, better tolerance to the tedium of the assembly line, and lower likelihood of demands for things such as unions.
- Explains that maquiladora workers are victims of the world economy. migration from factory to factory, one hundred percent turnover rate, and $1.36 per hour wage rates have turned human beings into expendable commodities. brazil needs to export more than it imports.
- Analyzes katharine ainger's "to open a crack in history." new internationalist sept. 2001.
- Analyzes how the "assembly of the poor" protested against the current economic growth in thailand and its effect on agriculture.
- Explains that imported food leads to problems for the people of the fsm, a society that has been accustomed to long periods of famine.
- Introduces hobden, stephen, and jones, richard wyn, in the globalization of world politics.
2230 wordsRead More - Globalizationanalytical essayThe Most Important Thing I Have Learned in this Class that Every Globalization Advocate Should Know
In this essay, the author
- Explains that globalization is one of the most debated arguments in the field of economics today. economists' opinions vary about as much as night and day.
- Explains that globalization is the movement from a strictly domestic marketplace to an international marketplace where international goods are allowed to flow into foreign countries.
- Argues that advancements in technology make it ever more possible to conduct international business cheaper and faster than ever.
- Argues that globalization and international trade force firms to become more competitive.
- Explains that globalization advocacy has been bolstered by the liberalization of international trade barriers. the lowering of tariffs has helped countries export their products cheaper than ever.
- Analyzes how reduced tariffs have helped the global economy in the steel industry.
- Opines that globalization stabilizes the business cycle in america. the u.s. economy depends heavily on exports or imports, and advocates rest on this fact heavily.
- Explains the principle of comparative advantage, which is based on the output per labor hour and wage rate of each country for the good involved.
- Argues that globalization is a broad argument that will not be resolved anytime soon. advocates argue that opponents need to look at the big picture instead of just one piece of the puzzle
1158 wordsRead More - world trade organizationopinionated essayIn addition, while free trade can increase trade, if trade increases too much, it could cause a decrease in the demand leading to a decrease in price for a product from a particular developing country because of competition from im...
In this essay, the author
- Opines that free trade may be advantageous for both large and small-industrialized countries, but it does not favor the smaller developing countries.
- Opines that if the world trade organization eliminates tariffs and quotas, it could create more jobs, which could result in more wealth or new wealth for the country.
- Opines that free trade can increase trade, but if trade increases too much, it could cause a decrease in demand leading to decreased prices for products from developing countries because of competition from imports.
- Opines that trade regulation can limit trade with some countries, which could result in less diversified and productive countries. small developing countries cannot compete as effectively as the more developed industrialized countries
- Explains that free trade can force producers of developing countries to lower prices and provide lower quality, and standards because of increasing competition from imports.
- Opines that the world trade organization needs to consider all of its members and the social and environmental impacts of enforcing trade liberalization.
646 wordsRead More - Positive And Negative Effects Of Free Tradeanalytical essayOn paper, it appears that there would be no negative consequences of free trade. Minimizing opportunity cost and utilizing a country’s comparative advantage seems like a perfect scenario. However, in real life, that is not the case. Many people, especially those doing the dirty work in developing countries, aren’t helped by free trade, and are often hurt by it. On the other side, many people are helped. Developing countries gain access to the wealth of developed nations, and developed nations can use developing nations to make things that they don’t feel like making, allowing for specialization of certain goods. As a whole, I think free trade is beneficial, but not necessary. The Mexican and Haitian farmers were doing well enough without free trade to live productive lives and make decent money. The US farmers were also doing well before the trade agreement with South Korea, but then saw conditions improve
In this essay, the author
- Explains that free trade is successful because it allows each country to produce the product that they possess the comparative advantage in.
- Analyzes the negative effect of free trade in mexico, where small farmers went out of business and many mexican citizens were starving.
- Analyzes the negative effect of free trade on haitian farmers, who were forced into factory work, despite the extreme conditions.
- Explains how the us and south korea's free trade agreements helped southeastern us farmers earn more money.
- Opines that free trade is beneficial, but not necessary. the mexican and haitian farmers were doing well without it to live productive lives and make decent money
- Opines that free trade can benefit a country and most of the people living in that country, but it can have the same effects as the mexican and haitian farmers.
996 wordsRead More - Free Tradeexplanatory essayFree trade can be defined as the free access of the market by individuals without any restriction or any trade barriers that can obstruct the trade process such as taxes, tariffs and import quotas. Free trade in its own way unites and brings people together. Most individuals love the concept of free trade because it gives them the ability to move freely and interact in the market. The whole idea of free trade is that it lowers the price for goods and services by promoting competition. Domestic producers will no longer be able to rely on government law and other forms of assistance, including quotas which essentially force citizens to buy from them. The producers will have to enter the market and strive into to obtain profit.
In this essay, the author
- Defines free trade as the free access of the market by individuals without any restrictions or trade barriers that can obstruct the trade process.
- Explains that adam smith first observed free trade in 1776. adam smith's book titled wealth of nations gave it an intellectual and rational status.
- Explains that douglas irwin's book, against the tide, is an interesting, educational account of how free trade appeared and how the concept has coped with two centuries of attacks and criticism.
- Explains that the behavior of an economy is reflected in the behaviors or nature of individuals and firms that make up the economy.
- Explains that individual's make their decisions by trading off one goal against another. a good example is how a buyer allocates his time when buying goods.
- Explains the second principle of how people make decisions is by realizing that the cost of something is what you give up to get it.
- Explains the third principle of how people make decisions is that rational people think at the margin and compare the marginal benefits with the associated marginal costs of a decision.
- Explains that people respond to incentives because rational people make decisions by comparing costs and benefits.
- Explains that free trade is a fair trade because it gives consumers the option to choose the best opportunities that will improve their standard of living. it encourages competition by prompting companies to create and develop better products.
- Explains that free trade promotes innovation by circulating new ideas and principles along with goods and services. consumers benefit better from competition because companies must keep up, in order to hold on to their customers.
- Explains that individuals and firms receive a lot of benefits from free trade because tariff is removed, it leads to lower prices for consumers and an increase in consumer surplus.
- Explains that free trade allows companies to seek insurance solutions from other jurisdictions that may have a lower cost or enhanced features.
- Explains that free trade can encourage nations to freely exchange goods and citizens thereby promoting international cooperation. agreements between trading partners can also promote educational and economic advantages.
- Explains that free trade encourages competition and competition can be risky, especially when it affects a firm’s prosperity, so most companies want to protect themselves against the negative externalities.
- Explains that free trade can lead to negative externalities such as pollution and other environmental problems as companies fail to include these costs in the price of goods in trying to compete with other companies.
- Explains that free trade discourages producers to go into competition with companies that have more labor and resources, thus encouraging them to relocate to other countries where cheap labor is readily available. this is not good for the economy.
- Explains that the removal of trade barriers during free trade usually led to structural unemployment in the short run. corporate restructuring is a costly and exclusive endeavor.
- Explains that under free trade, injurious and harmful products may be produced and traded. trade increases productivity and creates wealth, even when some people have extraordinary abilities.
- Explains that free trade encourages trade between firms and individuals so that at the end of the day both individuals and firms are better off.
- Cites mankiw, gregory, smith, s.e., netedge, ken, and netaparijita, sinha.
- Describes the benefits of free trade, and netmohr angie.
1642 wordsRead More