U.s. National Debt, And Overseas Outsourcing - 1853 Words

It has become increasing undeniable that the process of globalization is present, and a strong force in the international market. â€Å"Globalization†, according to the Merriam-Webster dictionary, is defined as, â€Å" the development of an increasingly global economy especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets†. Before the start of the 1990’s, the United States had little competition in the international marketplace, and was as strong as ever. Globalization has opened the international market to cheap land and labor outside the United States. Corporations and businesses have outsourced many jobs from the United States labor markets, at the expense of United States labor. One of the biggest questions facing America today is if it is ready for Globalization. I believe that we are not ready for a variety of reasons, but there are a few that stand out in my mind. The top factors concerning the U.S. are ineffective nature of Congress, U.S. national debt, and overseas outsourcing. I want to first begin with our federal government. It is ineffective and inefficient for a number of reasons. The first starts with the ineffective nature of Congress. Although there has been a lot of attention on Congress lately, it has been ineffective for a very long time. My first example goes all the way back to when President Nixon was in office. In chapter 1 of the book, The Decline and Resurgence of Congress, James L. Sundquist described the 93rdShow MoreRelated Outsourcing Essay1680 Words   |  7 PagesOutsourcing Outsourcing has become a very popular issue, and it has reached an all-time climax. Firms are starting to do this a lot more than than in the previous decade. What is outsourcing? Outsourcing is defined as â€Å"The procuring of services or products, such as the parts used in manufacturing a motor vehicle, from an outside supplier or manufacturer in order to cut costs.† And it has become a big issue in our country. There are thousands of articles and books written on it, and you can attendRead MoreFirst Social Impact On Changing Career Models1453 Words   |  6 Pages As the variation of workers’ income levels, status and values about business and the character of the U.S. government, significant social impacts are generated from these changes (Earl, as cited in Knapp, Sharma King, 2007). First social impact involves changing career models. According to Sullivan (as cited in Terjesen, 2006), conventionally, careers have followed an upward, linear series through one or two firms or consist stable employment in one progression. Terjesen (2006) claims thatRead MoreEssay American Airlines Plans for Outsourcing Jobs1015 Words   |  5 PagesAmerican Airlines is one of the major airways in U.S, with its headquarters located in Fort Worth, Texas. It was founded in 1930 and began operating in 1934 as American Airways. It has been conducting extensive domestic and international scheduled flights to Europe, Asia, the Caribbean, South America, and North America. This airline has five main network centers located in airports of key cities. These incl ude, Miami, New York City, Los Angeles, Chicago, and its main base Dallas. The actual CEO ofRead MoreHow Can We Pay Off National Debt?866 Words   |  4 Pageseconomic challenges within our country. How can we pay off national debt? The fight against poverty, are we winning or losing as a country that has the most billionaires. The fastest growing economy in the world is China. America’s goal to reform immigration can have an effect on unemployment. Does the president’s new immigration reform reduce American’s wages? The H1-B visa program will bring in skilled workers from around the world to U.S. businesses that can’t find skilled employees in AmericaRead MoreMacroeconomy of the United States of America1004 Words   |  4 Pagesfuel oil, natural gas, crude oil and kerosene. (Fletcher, 2011) Trade deficit has been a concern for the national economy for a number of years because it is required to be balanced by financial debts. In simple terms, US can buy more than it sells by lending money. The import surplus has affected the competitiveness of the US companies. Most of the companies in the US have been outsourcing many operations which s caused the locals to lose the expertise and the general level of employment in USRead MoreOffshore Outsourcing: How Should Policy Respond?2503 Words   |  11 PagesI. Outsourcing As Detrimental The U.S. economy has seen many hardships within the last decade. The economy has suffered from a recession that is still threatening to cripple some Americans and unemployment has been at an all time high. People have lost homes and jobs and many businesses have gone bankrupt simply trying to survive. However, in the midst of this economic crisis some companies have managed to survive. Many companies, approximately 36% of them, have found a way to avoid economic collapseRead MoreCompetitive Advantages And International Trade1636 Words   |  7 PagesTrade Globalization has made it far easier for people to get their hands on the luxury items they desire so much, but we hardly contemplate the origins of many of the luxuries we take for granted in the U.S. With a debt fast approaching the new imaginary ceiling of 16.394 Trillion dollars, the U.S. owes a lot of money. Much of this is to do with waging illegal wars in the Middle East and spending money creating an empire, but there are other factors that contribute to this as well. The fact is weRead MoreOn How American Companies Started Offshoring White and Blue Collar Positions to Other Countries with Low Pay since the 1960s2178 Words   |  9 Pagesto a different location of that company outside the United States, or to a different company altogether where wages are often lower and other conditions are favorable because they lower a companys overhead. Why do companies decide to offshore outsourcing? The major motivation as any one might suppose is to decrease costs and thus increase r evenues. The manufacturing industry cost in the United States is four times higher than in China or India. Conversely, the difference in manufacture is threeRead MoreGlobalization Is A Major Point Of Negativity1469 Words   |  6 PagesGlobalization is defined in many ways. â€Å"Globalization generally refers to the expansion of global communications, growing social and political interdependence and the development of a planetary rather than national awareness among many of the world’s people (Anderson, 98).† The process of globalization is allowing people from all over the world be more interconnected with one another. The process is seen in many different ways. Our clothing is no longer made in the United States, today we look atRead MoreThe Dream Of The American Dream1178 Words   |  5 Pagescompletely change their life for the better while provide better circumstances for future generations. The American dream is defined as, â€Å"a happy way of living that i s thought of by many Americans as something that can be achieved by anyone in the U.S. especially by working hard and becoming successful† (The American Dream). Today, youth of the lower class are finding this dream to be nearly impossible to achieve, even by working hard. For many it has become nothing more than a pipe dream. The American