International Trade & Investment

Paper Summary:

This paper takes a look at the 'good news and bad news' regarding international trade and investment. The paper discusses how in today's increasingly international, interdependent world, sustaining an open trade environment for foreign investment is reported to be in the best interest of the United States, as well as other countries.

Table of Contents:
I. Introduction
Good News/Bad
II. The "Win-Win" Practice
III. Shrouds of Controversy over Foreign Investments
III. Competitive Pressure Contributes to Outsourcing
IV. Now for the Down & Up Sides
IV. Conclusion

From the Paper:

"The need for quality in products is usually a point for agreement; opinions vary, however, regarding the outsourcing of U.S. jobs to other countries. In one sense, the practice is considered to be a positive component in economic movement that contributes to new beginnings and better life to numerous individuals in developing countries. Be that as it may, it is noted that in industrialized nations, many employees loose their jobs and that replacement jobs are not readily available. Barrea (2004) states, "It makes sense for the U.S. to use its scarce natural and human resources to manufacture airplanes, high-end computer chips and advanced software -- products that command better prices than do less complex things like shoes or textiles." Barrea questions the wisdom of manufacturing products that can be purchased from other countries at lower costs and suggests it would prove more beneficial for each country to specialize in their field of expertise and/or what they are able to produce most economically. "

Sample of Sources Used:

• Andrews, R., Biggs M., & Seidel, et al. M. (Eds.). (1996). The Columbia World of Quotations. New York: Columbia University Press. Retrieved on June 7, 2006 from: http://www.bartleby.com/66/50/1950.html & http://www.bartleby.com/66/45/39445.html.
• Barrera, A. (2004). "Who Benefits from Outsourcing?" Retrieved on June 7, 2006 from: http://www.religion-online.org/showarticle.asp?title=3115.
• Cleaver, T. (2002). Understanding the World Economy. London: Routledge.
• Du Boff, R. B. (2003, December). U.S. Hegemony: Continuing Decline, Enduring Danger. Monthly Review, 55, 1+.
• "Foreign Investment in the United States." (2006). Institute for International Economics.Retrieved on June 7, 2006 from:http://www.iie.com/research/topics/hottopic.cfm?HotTopicID=10.

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