Question

What industries and job skills in the United States have benefitted from growth of international trade?...

What industries and job skills in the United States have benefitted from growth of international trade? Which ones have suffered? Have the resources, including workers, in import-competing industries been able to shift into areas where demand is growing? What may be limiting the transition? What are the implications of restricting trade on both exporting industries and import-competing industries?

Homework Answers

Answer #1

Sector producing goods into which usa has comparative advantage has benefited. Those requiring cheap labour and import competing industries have suffered. NO THEY have not been successful because resources are not perfect substitutes E. G labour requires new skills to be adjusted in new sector and it is costly and time consuming to get those skills. Everybody can't become doctor. Even otherwise export oriented industry require less labour and more capital.

By restricting trade imports competing industries will gain as they have to compete less. Export oriented industries will loose as they will loose markets

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What types of industries have been outsourced from the United States because of international trade? industries...
What types of industries have been outsourced from the United States because of international trade? industries that require highly skilled workers industries that require a large amount of labor industries that require cell-phone connectivity industries that require a high degree of technology
Modern labor unions in the United States can trace their origins to the 19th century and...
Modern labor unions in the United States can trace their origins to the 19th century and started gaining footholds in many major corporations almost a century ago. For example, Boeing signed its first contract with a labor union in 1936, and Ford signed its first labor contract in 1941. Today, unions at those and many other “old-line” businesses still weld signifi- cant power and represent thousands of workers. On the other hand, many newer businesses have suc- cessfully avoided unionization...
This article illustrates the political economy of international trade and the concept of comparative advantage. Explain...
This article illustrates the political economy of international trade and the concept of comparative advantage. Explain the nations who are the "Winners" and "Losers" (5 points) and why as described in this article, and the effect of "arbitrary government intervention" that circumvents the workings of free trade initiated by Senator Trent Lott as described in the article? Use the economic concept of comparative advantage in your explanation (5 points). Due Jan 15 As a side note - why do a...
Point/Counterpoint from chapter 14. Take a stand. Do you agree or disagree? Write a minimum of...
Point/Counterpoint from chapter 14. Take a stand. Do you agree or disagree? Write a minimum of one paragraph for each one. Chapter 14 Exporting E-waste: A Fair Solution? Point Yes Exporting is always and everywhere a win-win situation: The more companies and countries export, the more they improve market efficiency. Exporting enables companies to increase sales, improve productivity, and diversify activities. Likewise, exporting helps countries generate jobs, accelerate innovation, and improve living standards. In broader terms, it promotes connections among...
Mexico’s automobile industry is booming. Bolstered by $19 billion in new investment from foreign carmakers, including...
Mexico’s automobile industry is booming. Bolstered by $19 billion in new investment from foreign carmakers, including Nissan, Honda, Volkswagen, and Mazda, vehicle production doubled between 2009 and 2014 to an estimated 3.2 million vehicles. This investment surge has transformed Mexico into the eighth-largest automaker in the world, and it’s not over yet. In 2014 and 2015, Toyota, Mercedes-Benz, Hyundai-Kia, BMW, and Volkswagen all outlined plans to build new state-of-the-art factories in Mexico. Audi is also constructing a $1.3 billion factory...
Mexico’s automobile industry is booming. Bolstered by $19 billion in new investment from foreign carmakers, including...
Mexico’s automobile industry is booming. Bolstered by $19 billion in new investment from foreign carmakers, including Nissan, Honda, Volkswagen, and Mazda, vehicle production doubled between 2009 and 2014 to an estimated 3.2 million vehicles. This investment surge has transformed Mexico into the eighth-largest automaker in the world, and it’s not over yet. In 2014 and 2015, Toyota, Mercedes-Benz, Hyundai-Kia, BMW, and Volkswagen all outlined plans to build new state-of-the-art factories in Mexico. Audi is also constructing a $1.3 billion factory...
  Canadian Whisky: Capitalizing on World Recognition A Thirst for More Rick Clemens opened an independent whisky...
  Canadian Whisky: Capitalizing on World Recognition A Thirst for More Rick Clemens opened an independent whisky distillery 15 years ago in a small town in British Columbia, Canada. Since that day, his business has slowly grown, gaining first a local, then regional and finally national following. It has since grown from a two-person operation to a thriving business with an in-house team of six and the contracted services of an off-site bottler and distributor. After many years of operating at...
Question: summarize what you have read and how you believe (based on what we've studied so...
Question: summarize what you have read and how you believe (based on what we've studied so far) that topic should be approached from a law and policy perspective. Introduction The U.S.-Cuba relationship has been plagued by distrust and antagonism since 1959, the year Fidel Castro overthrew a U.S.-backed regime in Havana and established a socialist state allied with the Soviet Union. During the half century that followed, successive U.S. administrations pursued policies intended to isolate the island country economically and...
Gourmet Jams Inc. Course Project: Supply Chain Management Marketing and Business Planning Background Information To highlight...
Gourmet Jams Inc. Course Project: Supply Chain Management Marketing and Business Planning Background Information To highlight the importance of the complexity of supply chain management, marketing and business planning and in order to address the regulatory environment to ensure compliance in exporting and importing goods across the border, careful consideration must be given to what type of goods are being exported, which regulatory agencies must be consulted and what is needed to ensure safe and efficient border clearance. The implication...
Team 5 answer the questions What are 4 key things you learned about the topic from...
Team 5 answer the questions What are 4 key things you learned about the topic from reading their paper? How does the topic relate to you and your current or past job? Critique the paper in terms of the organization and quality. Incentive Systems             In this paper, we will focus primarily on financial rewards that companies use to attract, retain and motivate the brightest and most talented candidates in the labor market. By providing a reward system that...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT