24 Jul Promoting international trade is not a zero-sum game. It is a w
Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade.Consider the following:o Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied.o The term “trade deficits” is a misnomer. Every country’s trade is always in balance.o Trade deficits do not mean the US no longer produces anything to export. The US is the world’s second largest manufacturer and the world’s second largest exporter of manufactured goods.o Trade deficits reflect a strong economy. Trade deficits rise during economic expansions and fall during economic contractions. Unemployment falls as trade deficits rise and rises as trade deficits fall.o Imports and exports are complements, not competitors. Both are necessary and both contribute to economic growth.o Roughly one-third of all US imports and exports is trade between US multinational companies and their overseas subsidiaries.o Foreign-owned companies operating in the US number in the thousands and provide directly or indirectly jobs for more than 13 million US workers (roughly, 10% of the US workforce).o US trade deficit in goods in 2018 (as a % of GDP) was the same as it was 5, 10 and 15 years earlier.o The rise in US goods trade deficit with China has not increased the US total goods trade deficit. It has been offset by reduced goods imports from other trading partners.o There is a strong correlation between the rise in world trade and:o The rise in world GDPo The dramatic fall in the world’s extreme poverty rateo The rise in world life expectancyo For every US manufacturing job lost to trade between 2000 and 2010, seven US jobs were lost to domestic productivity improvements. Those seven jobs cannot be brought back from overseas because they never left the US.Write a 800-word evaluation of credible economists’ unbiased opinions on the benefits, costs, and results of current US trade and tariff policies. Complete the following in your evaluation:o Evaluate how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.o Discuss credible economists’ opinions on the long-term effects of trade and tariff policies changes in the last 2 years.o Explain the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.