Impacts Of Globalization

The impact that globalization has, and will have, on the U.S economy continues to be one of the most debated economic issues of our times. Many people believe that due to the international trade there are less jobs and lower wages for people. However international trade is important to the American economy and to the economy of the world as whole because neither the United States nor any other country in the world has everything that its people need and want. This fact alone makes trade necessary. If every country in the world had resources sufficient to meet its people’s needs and wants, there would be less of a need for trade however countries do not have such resources. For instance, japan does not have oil. The United States does not …show more content…
The United States is the world’s largest exporter of goods and services. According to the U.S. Department of Commerce U.S. exports of goods and services reached $2.345 trillion in 2014, like trade, international investment is critical to American jobs and affordability. In addition to exporting, U.S. corporations can access new customers in foreign markets by investing abroad, creating foreign affiliates and becoming multinationals in the process.
In the end, we cannot turn our back on international trade. It is an unavoidable part of the world in the 21st century. We simply need our elected leaders are more open to foreign markets so that U.S. companies can sell more of our goods and services overseas. International trade can provide a path to jobs and wealth. The three question that I am going to examine in this research paper is that how international trades or international investments are good for America economy and how these international trades have positive impact on the job market of the U.S. How is outsourcing to china is good for US economy.
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Trade and Investment Policy. New York: Council on Foreign Relations, 2011. Print. In this book they argue that one of the most effective ways to create new jobs and reverse the income decline for the United States and to become a successful trading state. The growth of global trade and investment has brought significant benefits to the United States and to the rest of the world but U.S. management on international trade has diminished in recent years because of deep domestic political divisions over trade policy that arise largely from the very real economic difficulties too many Americans face, acknowledges the task force. The work force warns that the political tie has already harmed U.S. interests and will do more if it remains unresolved. Unless the United States develops and sustains a trade policy that produces greater benefits for Americans in job and wage growth. It also offers recommendations for trade and investment policies the United States should adopt that will help to create jobs and raise incomes for more Americans while also advancing foreign policy interests. I am going to use this book as to how the global trade and investment has benefited the United States and creates more jobs for people and also makes the US economy

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