Here is the synopsis of our sample research paper on International Trade. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 4 page paper. Several issues are discussed, including an introduction to international trade, the economics of globalization and outsourcing, winners and losers in international trade and the economic impact of international trade on America. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: MM12_PGinttrgl.RTF
Buy This Term Paper »
Unformatted sample text from the term paper:
the U.S., about 15 percent of all goods we purchase are imported (Stonebraker, 2007). Some of us may question that figure considering the fact that so much of what we
as individual consumers purchase carries a made in...... label that is not the United States. According to this author, all countries benefit from international trade activities (Stonebraker, 2007). Globalization has
increased the incidence of outsourcing and most specifically, the outsourcing of a vast array of jobs to companies outside the country. One of the reasons for outsourcing is the simple
fact of decreasing budgets, both in the private and public sectors. There are specific financial drivers for outsourcing any function: 1. Save money (ongoing expenditures) (Koch, Dell and Johnson, 2004).
2. Avoid capital outlay, which is often a more important consideration than direct cost savings (Koch, Dell and Johnson, 2004). 3. Turn a fixed cost into a variable one, for
instance, if the workforce shrinks, HR costs can be reduced accordingly (Koch, Dell and Johnson, 2004). Major corporations have been outsourcing a myriad of functions for many years, including human
resources. The motivation was a need to cut costs while maintaining or improving quality in the area that was outsourced. Over the last decade or so, public sector agencies have
begun following the example of private corporations. Some governments, such as the state of Florida, have outsourced their entire human resource department and they have saved considerable money (Frank, 2004).
Florida will save $173 million over a seven-year period (Frank, 2004). An important factor when considering winners and losers from an economic standpoint is the fact that the focus of
"economics is not to create jobs, it is to allocate scarce resources as efficiently and fairly as possible" (Stonebraker, 2007). Free trade then does not eliminate jobs, it reallocates them
...