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Essay / Research Paper Abstract
This 5-page paper discusses the problems of free trade and globalization, and how to solve them. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: AS43_MTfreeglob.rtf
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Unformatted sample text from the term paper:
Before entering into a discussion about free trade and globalization, it would first be helpful to define what these are. Free trade is a situation in which international business
isnt restrained by government interference or regulation, such as duties, taxes or tariffs (Free Trade, 2009). The idea behind "free trade zones," for example, is that goods, services, labor and
capital can flow across borders with little, or no, impediment. Globalization, meanwhile, is the act of developing a global economy that consists of free trade, a free flow of capital,
and the tapping into of cheaper foreign markets (Globalization, 2009). The utopian theory behind free trade is that everyone benefits; with goods and services flowing unimpeded across borders, everyone
gets a chance to buy - and companies have new markets in which to tap. This, in theory, should be a good thing. But a little more than a year
ago Newsweeks Daniel Gross wrote a sobering article nothing that the U.S. is slowly losing ground to other countries in the area of economic supremacy. Why? Growth in emerging markets
has boosted energy and commodity prices, competition from foreign workers has depressed wages and the weak dollar means more foreign buyers acquiring U.S. companies (Grossman, 2008). Furthermore, Gross writes that
modern capitalism, generously bequeathed on developing nations by the U.S., is "being put to far greater effect overseas" (Grossman, 2008). He notes that cell phone coverage is better in Cambodia
than Connecticut, and while U.S. infrastructure is crumbling, China is building better - and faster - trains (Grossman, 2008). Grossmans article came out before the economic collapse, and mentions nothing
about the vast amounts of money the U.S. is borrowing from China, just to get the economy moving again. Now, with this information, we can build a problem statement,
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