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The paper discusses how international trade is linked to the imbalance of wealth and the disenfranchisement of low-wage earners, both in emerging economies and in the US market. The paper argues that international trade as spearheaded by unrestrained corporate behaviors has the effect of not simply failing to serve developing or westernized economies but even worse, of reinforcing negative trends of civil rights violation and environmental degradation. The paper strongly believes that the early gains of international trade to all parties involved are ultimately superceded by the costs to economy and constitutionality.
From the Paper:"This is an assertion typically assigned as a response to the fear that the diminishing of restrictions on corporate internationalization combined with the lower wages permissible in smaller market economies would have the inevitable effect of moving American jobs to other countries. In the past, it had been reasonable to argue that such a process transplanted only low-wage jobs which were falling increasingly beneath the standard of labor considered sufferable to the American working class.
"But the inequality of international trade does not simply afflict those in impoverished nations who are either exploited or excluded by the process. Instead, its capitalist basis has the tendency to disenfranchise low-wage earners in all venues. Domestically as well, there is a cost to the poor that is easily tangible within industrial, textile and other labor-based communities. Labor advocates have been ardent in the rejection of the 'benefits' of liberalizing international trade. With an increase in corporate foreign investment from 1995-1999 that more than doubled American stock in external markets, workers in the United States suffered a loss of jobs which continued an ongoing trend of economic exclusion for the American unskilled laborer. A professor of political economy at the University of Maryland, Gar Alperovitz points to "the decline of manufacturing from 33% of the US labor force at mid-century to 14% now." (World Bank, 1) This is a telling statistic, illustrating that the financial disinclination which we associate with the developing world is actually quite symptomatic of globalization's shortcomings domestically."
Sample of Sources Used:
- IMF Staff. (2000). Globalization: Threat or Opportunity? International Monetary Fund. Online at http://www.imf.org/external/np/exr/ib/2000/041200.htm
- Krugman, P. (1995). Globalization and the Inequality of Nations. UConn Economics. Online at http://ideas.repec.org/p/nbr/nberwo/5098.html
- Monshipouri, M. (2005). Identity and Human Rights in the Age of Globalization: Emerging Challenges in the Muslim World. Global Policy Forum. Online at http://www.globalpolicy.org/globaliz/cultural/2005/0502identity.htm
- World Bank. (2004). Assessing Globalization. World Bank Briefing Papers. Online at http://www1.worldbank.org/economicpolicy/globalization/issuesbriefs.html
Cite this Persuasive Essay:
International Trade and Corporate Globalization (2012, May 30) Retrieved May 24, 2013, from http://www.academon.com/persuasive-essay/international-trade-and-corporate-globalization-151216/
"International Trade and Corporate Globalization" 30 May 2012. Web. 24 May. 2013. <http://www.academon.com/persuasive-essay/international-trade-and-corporate-globalization-151216/>