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In this article, the writer notes that the U.S. in particular trades with other nations to acquire goods that it either does not have or cannot produce with ease or for the cost provided by the foreign nation. This work briefly outlines some aspects of the global economy including identifying trade partners of the US. The writer discusses who benefits from global trade and looks at why it is done and how it is regulated. Further, the writer explores what impact illegal immigration and outsourcing have on the US economy. The writer concludes that there is no question that the international economy is in transition, as the global economy has become a dominant force in trade and business change.
Sample of Sources Used:
- Borthick, Sandy. "Outsourcing Trends: Customers and Market Mature." Business Communications Review July 2001: 28.
- "United States." The Columbia Encyclopedia. 6th ed. 2004.
- Conti, Delia B. Reconciling Free Trade, Fair Trade, and Interdependence: The Rhetoric of Presidential Economic Leadership. Westport, CT: Praeger Publishers, 1998.
- Cox, Ronald W., and Daniel Skidmore-Hess. U.S. Politics and the Global Economy: Corporate Power, Conservative Shift. Boulder, CO: Lynne Rienner, 1999.
- Hayes, Ted. "Illegal Immigration Threatens U.S. Sovereignty, Economy and Culture." Insight on the News 25 Sept. 2000: 46.
Cite this Analytical Essay:
Global Economy (2008, August 19) Retrieved February 05, 2023, from https://www.academon.com/analytical-essay/global-economy-107085/
"Global Economy" 19 August 2008. Web. 05 February. 2023. <https://www.academon.com/analytical-essay/global-economy-107085/>