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Outsourcing and the U.S. Economy, 2005.
A discussion about whether outsourcing jobs is bad for the U.S. economy.
2,487 words (approx. 9.9 pages), 7 sources, MLA, $ 75.95
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Abstract
Many Americans fear that outsourcing jobs to overseas workers is eroding employment opportunities in the United States and they worry that once these jobs move offshore they will never return. Others, including some economists, argue that job outsourcing will, over the long run, strengthen the world economy and eventually provide benefits to the U.S. economy as well. This paper provides a thorough examination of both sides of the argument.
From the Paper
"The American economy needs a boost from innovation if it is to continue creating the next generation of leading-edge industries and new high-paying jobs. By its nature, technology leaps are unpredictable and risky, yet that's where the U.S. shines. It has the biggest economy on earth, enabling America to make technological bets that would crush other nations. The U.S. has by far the best-developed financial markets in the world, including venture-capital and high-yield bond markets for financing new businesses.
For the foreseeable future, the U.S. still has the best-educated workforce among the major economies, a plus for invention. The latest figures from the Organization for Economic Cooperation & Development show that 30% of Americans aged 25 to 34 have a college degree, compared with 24% for Japan and 14% for Germany. That's essential: Better-educated workers can better cope with rapid change, adjust on the fly, and imagine and develop fresh products and strategies."
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Outsourcing the U.S., 2005.
An examination of the effect of outsourcing on the U.S. economy.
987 words (approx. 3.9 pages), 3 sources, MLA, $ 35.95
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Abstract
The increasing trend of outsourcing jobs from the United States in recent years has assumed alarming proportions. Most projections indicate that the present trend is going to accelerate in future. This paper points out that the issue has invited greater attention recently as more and more categories of white collar jobs are now being outsourced by the U.S. companies, while in the past only lower paid industrial jobs were affected. It explains that some economists, including officials of the present U.S. administration, have shrugged off the phenomenon as part of economic globalization and believe that it would prove beneficial for the U.S. economy in the long term. Others are of the view that the negative impact of outsourcing far outweighs its positive effect. In this essay, the writer highlights the negative effects of outsourcing on the U.S. economy, as well as outlining the current and future trends in out-sourcing.
From the Paper
"The trend of relocating jobs to other countries is not a new development in the United States as manufacturing jobs have declined ever since American companies started to establish factories abroad to take advantage of lower cost structures and wages. The decline in manufacturing jobs, however, was compensated for by greater job opportunities in the service sector. Since most jobs in the service sector were higher paid 'white-collar' jobs, losing the relatively low-paid manufacturing jobs to overseas competitors was considered a bearable set back. Moreover, the rate of jobs lost due to outsourcing in the manufacturing sector was relatively gradual and the US economy had time to make the necessary adjustments. Also, according to the long-accepted theory of comparative advantage, everyone gains as long as each country specializes in what it does best. The Americans, it seemed for a while, were the best in more skilled jobs. With rapid advances in information and communication technology and the availability of highly skilled and motivated workforce in far-flung countries such as India, who were prepared to work at a fraction of the salaries in the US, things started to change."
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The U.S. Economy and its Effect on Global Markets, 2007.
This paper discusses the U.S. economy and looks and its impact on the global market.
1,407 words (approx. 5.6 pages), 7 sources, MLA, $ 46.95
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Abstract
In this essay, the writer points out that the United States economy has once again emerged as a growing economy, dramatically and irreversibly impacting the global market. The writer notes that the impacts to the global market lie in the areas of employment, globalization, agriculture, intellectual property, the War on Terror, and the overall U.S. trade deficit. The writer maintains that some of these impacts have been positive for the global market, such as outsourcing and inflated gasoline imports. However, the majority of the impacts caused by the U.S. economy have had devastating effects for third world countries in the areas of technological developments and intellectual property protections. This paper addresses the impacts that the U.S. economy has had on other markets in the world, and concludes with a brief summary of the issues.
From the Paper
"In the area of technological innovation, the United States is also impacting the global market. In the agricultural industry, one quarter of the U.S. economy previously revolved around it; currently, agriculture comprises less than one percent as a result of efficiencies and breakthroughs in technology. Globalization has sparked a revolution in information and communication technology, resulting in the emergence of an Information Age that boasts the arrival of new levels of global interconnectedness. However, this global inter-connectedness has widened the gap between the information-rich and the information-deprived. The technological innovations made by the U.S. has forced individual countries to improve their efficiency or at least reduce the government's role in the economy. Thus, it can be argued that globalization has made the world more interdependent and has increased the damage that internal problems within individual countries can cause."
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U.S. Foreign Policy Failures in Afghanistan, 2005.
This paper analyzes U.S. goals in South Asia and the extent to which the U.S. has succeeded.
1,999 words (approx. 8.0 pages), 7 sources, MLA, $ 63.95
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Abstract
Given the four stated objectives for the U.S. in Afghanistan, as articulated by President Bush, this paper critically examines whether these four central goals have been completed, ultimately concluding that Afghanistan has been a U.S. foreign policy blunder. Outline Background Statement of Purpose in Afghanistan Outsourcing of the Battle of Tora Bora Conclusions and Analysis
From the Paper
"In many perceptions, the Afghan campaign and that country's subsequent conquest stand today as a stunning success in America's "war on terror." This claim hardly receives challenges or qualifications, for the mixture of special operations and conventional warfare utilized by the U.S. in South Asia won the praise of self- congratulatory military planners and administration officials (though in no way as self-indulgent as the infamous premature posting of "MISSION ACCOMPLISHED" behind President Bush on May 1, 2003, following the end of combat operations in Iraq). Further distracting from this claim is the incomparably more controversial Iraq War of March 2003, initiated less than eighteen months later. "
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Outsourcing, Labor, and the Economy in the EU, 2005.
Examines the effects of outsourcing on labor and the economy of the European Union.
3,900 words (approx. 15.6 pages), 7 sources, APA, $ 106.95
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Abstract
This paper elaborates a model showing that outsourcing can benefit a country through higher productivity growth and increased employment. Part I discusses the problems regarding the precise definition of outsourcing and presents a case for using the definition adopted in this paper. Part II provides an overview of literature presenting both theoretical and empirical data related to the subject. Part III of this paper creates a model of the economy that engages in outsourcing with all theoretical assumptions and conclusions stemming from it. Part IV bases on this theoretical framework to determine which groups are expected to gain, which groups are expected to lose, and what needs to be done to turn losers into gainers. Part V is a case study of outsourcing from the European Union as a test of the paper's theoretical framework. The paper examines whether the implications of the model hold true in the case of the European Union and sees if the model can explain why certain implications do not hold in real life. Finally, in Part VI the paper gives a brief discussion on economic restructuring policies that are to be adopted in the European Union in order for it to maximize its gains from outsourcing.
From the Paper
"Perhaps the main reason for the broadness of the definition of outsourcing is that the concept had changed over time. Up to the early eighties, and dating back to the nineteenth century, outsourcing has been understood as a firm's purchase of intermediate inputs from outside, whether domestically or abroad. Such, the American Heritage Dictionary defines it as "The procuring of services or products ... from an outside supplier ... in order to cut costs." In such a case, a car manufacturing company in the U.S. that purchases car tires from another firm is said to outsource its tire production. However, with the development of foreign trade, economists became to refer more and more often to "an outside supplier" as the one outside the country, speaking of outsourcing as specifically purchasing intermediate inputs from abroad."
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Outsourcing and the Global Economy, 2000.
This paper argues against outsourcing and considers it is a determent to the global economy.
1,970 words (approx. 7.9 pages), 7 sources, APA, $ 62.95
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Abstract
This paper argues that, although free trade as represented in the outsourcing question is by nature emotional, the truth is the artificial barrier to trade in labor is counterproductive in many senses because it keep prices high for consumers, wastes resources and perhaps stifles innovation. The author points out that outsourcing American jobs is a necessary component of inevitable economic free trade. The paper contends that many people feel that globalization, which is Adam Smith's "invisible hand" at work on a global scale, is inevitable regardless of its intentions.
Table of Contents
Introduction
American Popular Attitudes toward Globalization
Must the United States Participate in Free Trade?
The "Invisible Hand" in the Globalized World
Outsourcing: A Necessary Component of the Global Economy?
Conclusions
From the Paper
"Consider, for example, that many generations of dairy farmers may have stayed on the family farm, raising cow after cow even if no one needed the milk. Further consider the possibility that those farmers may have better used their time to learn an "in demand" skill, or that even their land and financial resources could have helped to meet a real market demand in another area. By not offering an artificial incentive to stay in business (the subsidy), product would not have been over-produced and wasted (perhaps an environmental impact), new and in-demand skills would have been acquired, real demands would have been met, and the price for those demands would have fallen (helping the consumer). Thus, by removing the artificial barrier to real and free trade (perhaps influenced by political pressure), economic well-being is ensured for all parties."
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"China's Economy: U.S. and E.U. Get Tough on Textiles", 2005.
A review of the article "China's Economy: U.S. and E.U. Get Tough on Textiles".
900 words (approx. 3.6 pages), 5 sources, $ 35.95
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Abstract
"This paper discusses an article from the Economist Intelligence Unit, a publication of The Economist, entitled "China's Economy: U.S. and E.U. Get Tough on Textiles" as it relates to the price pressures on apparels in the U.S. market. These issues are examined from a macroeconomic perspective with an emphasis on Keynesian and neo-classical macroeconomic theory.
From the Paper
"Following the end of quotas on textile imports from China as of 1 January 2005, both the United States (US) and the European Union (EU) have witnessed a massive influx of textile imports from China: "U.S. imports of Chinese clothing swelled in January, a rush of new products following the end of international quotas that for decades had limited global apparel trade" (Chinese, 2005, para.1). While increases have been across the board, three categories in particular have seen huge increases: cotton knit shirts, blouses and cotton trousers, and these have been targeted for renewed protectionist quotas by both the US and the EU (China, 2005, para.2). "
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U.S. Economy, 2002.
This paper gives a brief review of the U.S. economy and attempts to predict the state of the economy in the year 2002 according to a number of factors.
820 words (approx. 3.3 pages), 10 sources, MLA, $ 29.95
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Abstract
The following paper examines how the U.S. economy has been enjoying economic expansions and increasing new jobs by decreasing unemployment rate over the years. However, in the recent years, the business community still has doubts whether 2002 would provide the same picture or deteriorate even further. In order to assess the state of the U.S. economy in 2002, this paper examines the current trends in the U.S. economy, the gross domestic profit, consumer expenditure and the fluctuation of unemployment in the future.
From the Paper
"It is expected that the government's incentives to provide new production methods would enable the business sectors to increase their efficiency. Emphasizing on manufacturing process, introducing technologies to permit workers to analyze data as well as allowing adjustments in production line would be one positive aspect because it would lower the cost of production for industries. The government also plans to improve supply chain management, which has become the predominant factors that drive companies. With 55.6 in March, its best reading in two years, from 54.7 percent in February, 2002 of price index business oriented individuals would benefit from these aspects of change [Aversa, 2002]. "
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Hurricane Katrina and the U.S. Economy, 2006.
This article studies the U.S. economy and discusses the effects of Hurricane Katrina.
2,087 words (approx. 8.3 pages), 4 sources, MLA, $ 65.95
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Abstract
This paper introduces, discusses and analyzes the topic of the U.S. economy. Specifically, it discusses what effect Hurricane Katrina has had on the U.S. economy so far, and what may be some of the implications for the future. Hurricane Katrina's full effect on the United States' economy may take years to fully develop and understand. Katrina's effect may even be felt worldwide by the time all the affects are analyzed and tallied up. The immediate costs are quite simple to see - skyrocketing fuel costs instantaneously after the hurricane hit, lost jobs and billions of dollars in aid. However, there are other long-term costs in human life, inflation and rising interest rates that can only play out over time. The writer claims that the U.S. economy is going to suffer from the affects of hurricane Katrina and that it just remains to be seen just how much it will suffer.
From the Paper
"The Katrina crisis may also affect the nationwide auto industry. With fuel costs so high, many people are looking for alternatives to low gas mileage vehicles. There has been a lot more public interest in more fuel-efficient vehicles, such as hybrids, which use a combination of gas and electric-powered engines to run more efficiently and save fuel. Already, many auto manufacturers are beginning to advertise their more fuel-efficient models to bring consumers back into auto showrooms. For years, most Americans have been more concerned with large, high-power, low-mileage vehicles with little regard to fuel economy. This energy crisis may finally create the need for more low-cost, high-efficiency vehicles, and force Detroit automakers to find new technologies to help conserve fuel."
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The U.S. Economy and the Vietnam War, 2002.
Review of three books on the state of the U.S. economy, before, during, and after the Vietnam War.
965 words (approx. 3.9 pages), 3 sources, MLA, $ 34.95
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Abstract
This paper reviews different literature discussing the economic implications of the Vietnam War on the U.S. Economy. The books analyzed are "Lyndon Johnson and The Wars for Vietnam", "Nixon's Economy: Booms, Busts, Dollars, and Votes", and "The Economic Consequences of the Vietnam War". The paper concludes with the finding that the U.S. economy was significantly damaged by American involvement in the war and that American presidents of that period were aware of the damage being done to the economy but pursued war nonetheless.
From the Paper
"Perhaps the most eloquent work in this regard is that of Anthony Campagna (1991) with his book titled "The Economic Consequences of the Vietnam War." Campagna in this book traces the historical performance of the US economy along with the country's involvement in the unwanted War. According to him the US involvement began during the Truman administration when the US promised to help the French government in their governance of the Indochina region. The US after the World War II followed a containment of Communism foreign policy and to help the French meant containment of the Asian and China region effectively."
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The U.S. Economy, 2005.
An overview of the U.S. economy during the year 2004.
3,458 words (approx. 13.8 pages), 4 sources, MLA, $ 97.95
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Abstract
This paper discusses reports by the Federal Reserve, the IMF, and the Congressional Budget Office (CBO) regarding the U.S. economy in the year 2004. The paper discusses factors pertinent to the economy including the employment rate, the interest rate, inflation, the U.S. budget and trade deficit and presents opinions that the author has about the state of the U.S. economy at that time.
From the Paper
"In February 2004, the main problem of the US economy, as identified by Greenspan, was the fact that the company's increase in income and net profits were related to a better use of human resources rather than on an increase in employment. In other words, despite the fact that the economy was on the rise, it failed to produce new jobs. This was a direct consequence, in Greenspan's opinion, of the risks associated with increased employments, more notably "corporate accounting and governance scandals" , a "decline in stock prices" and the overall "geopolitical tensions" . "
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The U.S. Economy, 2002.
An analysis of the current U.S. economy.
2,400 words (approx. 9.6 pages), 5 sources, $ 89.95
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Abstract
This paper reviews the current position of U.S. economy with reference to the attacks of September 11th. The U.S. economy had been facing a slow down even before the tragedy but npow it may need more time than it needed before the attack to shape up the economy and get it back on track.
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The U.S. Economy and the Future, 2002.
This paper discusses the U.S. economy and presents future predictions.
1,270 words (approx. 5.1 pages), 5 sources, MLA, $ 43.95
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Abstract
This paper presents an overview of the U.S. Economy in 2002. The author feels that although many economists disagree on the state of the U.S. economics, the national economy will continue to be healthy. The nation seems to be making recovery from its large financial debt.
Table of Contents
Justin Fox?s View of the Economics
Credit and the Economy
Debates of Economists
Economists and Unemployment
Effects of the Tragedy on September 11
Recovery?
From the Paper
"This economist is discouraging about the future economics of the U.S., but only a few Americans exist on credit? Would economist agree with this? It?s true that most Americans live on credit cards and borrowed money. The whole of macroeconomics is that all will hurt when a few follow. Does our financial help come from Americans or foreign investors? Without help from some of the foreign investors, what will happen to the economy? Yet, the foreign investors will not continue to loan money to a country in debt. The federal deficit worried many during the 1980?s and 90?s but the U.S. pulled out of the debt."
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Contraction and Expansion in the U.S. Economy, 2005.
Examines the causes of contraction (2001-2003) and expansion (2003-2005) of the U.S. economy.
1,755 words (approx. 7.0 pages), 6 sources, APA, $ 56.95
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Abstract
This paper discusses capitalism and some of the causes of contraction and expansion in the U.S. economy. The paper shows that, even though the economy seems to be showing great numbers, it does not mean the economy is doing well. The overall economic health of the United States has been sending several mixed messages. The paper examines how the media shows that manufacturing orders are up and new home sales are also up. However, high unemployment figures, major problems with the airlines and growing trends of plant closings due to relocation and globalization send another message.
From the Paper
"Carl Marx's theory on performance within capitalist economies focuses on the rate of profit. In other words, as the rate of profit increases, capitalism as an entity remains prosperous. This entails that business investments would be high, unemployment would be low and the basic patterns and living standards of the society's workers would inherently rise. But, if that same rate of profit was to decline or to be generally low, prosperity would stop, investments would decline or worse, be nonexistent, unemployment would increase and the obvious result would be that living standards would decline."
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Iraq War and the U.S. Economy, 2007.
This paper analyzes the cost of the Iraq war on the U.S. economy.
2,635 words (approx. 10.5 pages), 14 sources, APA, $ 79.95
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Abstract
This paper explains that no aspect of the U.S. economy has remained unchanged during any given war. The author points out that the current Iraq war has positioned itself to possibly be the longest in U.S. history and hence the most expensive. The paper relates that, with more than 1 million U.S. troops in Iraq, the cost of long-term medical care and disability benefits will continue for years after the war. The paper underscores that post-war occupation and reconstruction, an inevitable factor in this conflict adds an even higher cost to the war. The author concludes that, in addition to direct costs, the Iraq war is destabilizing the economy by causing increasing oil prices, uncertainty in the credit market, inflation created by a greater demand of economic goods and services, and an increasing need to pay for the war with borrowed dollars.
From the Paper
"With the increased costs of war comes a hefty interest payment on the national deficit. Joint Economic Committee (JEC) Chairman Sen. Charles E. Schumer, JEC Vice-Chair Rep. Carolyn Maloney , released a new report exposing the hidden costs of the war in Iraq. The Joint Economic Committee report entitled, "War at Any Price? The Total Economic Costs of the War" details the high hidden economic costs of the war in Iraq beyond the direct budgetary appropriations, including interest costs of borrowing these funds, lost investment, long term veteran's health care, and oil market disruptions."
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