In fact, the United States use to manufacture its own goods until the 20th century when goods and services became a part of the international trade market, and manufacturing began to relocate overseas (American Public University, 2015). Importing became more common because of globalization, and business started contracting employment to lower-wage countries. Of course, it is debatable on whether this is good or bad for the economy. Some believe it gains services in high-tech research jobs while other believe it is contributing to the national debt (American Public University,
In fact, the United States use to manufacture its own goods until the 20th century when goods and services became a part of the international trade market, and manufacturing began to relocate overseas (American Public University, 2015). Importing became more common because of globalization, and business started contracting employment to lower-wage countries. Of course, it is debatable on whether this is good or bad for the economy. Some believe it gains services in high-tech research jobs while other believe it is contributing to the national debt (American Public University,