Nobody downloaded yet

Effects of Globalization on the US Steel Producers - Research Paper Example

Comments (0) Cite this document
Summary
The author concludes that globalization has reduced the barrier between nations and encouraged open economy along with cultural and social integration. The global steel manufacturing companies have adopted the techniques which are already implied by US steel producers in order to gain benefits…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Effects of Globalization on the US Steel Producers
Read TextPreview

Extract of sample "Effects of Globalization on the US Steel Producers"

Download file to see previous pages The US steel industry also fluctuates with many of the factors active in the global market.
US steel industry is one of the major steel-producing sectors in the international market. It chiefly produces iron-ore and coke for steel manufacturing. Worth mentioning, it achieved a net sales of 16,873 million dollars in the year 2007 which was a steep rise when compared to the net sales amounting 15,715 million dollars in the year 2006. Besides producing steel, it is also involved in other business activities, such as developing transportation via rail and barge operations (United States Steel Corporation, 2007).
Recently it was observed that the US steel industry has been affected by globalization. The US steel producers always want to be more competitive in a global market in order to strengthen themselves and take proper advantage of the opportunities that are prevalent in a global perspective. With this concern, the purposes of this research paper are to study and analyze the impact of globalization on the participants of the US steel industry and recognize how it affects the steel producers.
The integration of globalization with the US economy occurred rapidly which in turn affected the US steel industry quite strongly. Notably, the consequences raised by the integration of the US steel industry with the global market were severe. For instance, the globalization provides the US consumers more choices and lower prices which increases the power of buyers at large. It also increases the employment rate in the global market (Plummer, 2006).
As steel is chiefly produced in the US and in the South Korean industries, there exists a wage restraint between the two economies. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Effects of Globalization on the US Steel Producers Research Paper, n.d.)
Effects of Globalization on the US Steel Producers Research Paper. Retrieved from https://studentshare.org/business/1749063-effects-of-globilazation-on-the-us-steel-producers
(Effects of Globalization on the US Steel Producers Research Paper)
Effects of Globalization on the US Steel Producers Research Paper. https://studentshare.org/business/1749063-effects-of-globilazation-on-the-us-steel-producers.
“Effects of Globalization on the US Steel Producers Research Paper”, n.d. https://studentshare.org/business/1749063-effects-of-globilazation-on-the-us-steel-producers.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Effects of Globalization on the US Steel Producers

Effects of Globalization on the US Steel Producers

...?Effects of Globalization on the US Steel Producers Table of Contents 3 Introduction 4 Literature Review 5 Data Collection 7 Data Analysis 8Conclusion 9 Recommendations 10 References 11 Abstract Globalization is an integrated term related to the people, industries and government policies of different nations. With the virtue of globalization, people today can share the new ideas, technologies, and techniques. These developed traits can further be implied by them into their own corporations with an aim of betterment. Therefore, globalization has a great impact on the culture, political system and economic...
8 Pages(2000 words)Research Paper

Effects of Globalization in China

...? Number] Effects of Globalization on China Globalization – The concept Globalization is a broad termthat refers to the elimination of boundaries between the nations and creation of single global economy. It allows the flow of goods, technology, people and capital across the borders. Now a day globalization has become the core objective trend adopted for the promotion of the economic development all over the world. It allows optimized allocation and free flow of goods, technology and capital. It is the process of increased integration between countries, societies and economies due to which there is increased and strong impact of...
7 Pages(1750 words)Research Paper

US Steel Tariffs

...to a decrease in US steel imports of 33 percent between 1998 and 2001. In spite of all the measures taken by the US administration, the US trade policy has not been able to effectively protect the domestic steel industry. Given the effects of what some industry leaders call the most serious crisis for steel producers since the 1980, representatives from both production mills and Congress have called for action. Meanwhile, the European Union (E.U.), the American Institute for International Steel, Inc., and others condemn these actions as "protectionist" measures in order...
9 Pages(2250 words)Essay

Effects of Globalization in Barcelona

...to the necessity of having to attain the university training. This was in response to the increased demand for an education that bear a global bearing; that has a science base; and that which requires great knowledge to understand. This had the effect of creating a demand for the university education that created a better chance of getting a well paid job than the individuals who went to the secondary school level only. The Barcelonan authorities have the mandate of stimulating the investments of the city which also includes the achievement of the foreign currency and to foster the knowledge of the intensive use of capital. This calls for the provision of a ready market to buy the...
18 Pages(4500 words)Case Study

The effects of Globalization

...18 January 2007 The Effects of Globalization Globalization has a great impact on the world transforming social, political, cultural and economic spheres of life. Innovations in transportation have been complemented by the swift development of communication technologies. The 20th-century arrival of mass circulation newspapers and magazines, film, and television further enhanced a growing consciousness of a rapidly shrinking world. Globalization transforms economic system of the world brining new opportunities to less developed countries; it changes cultural and political spheres popularizing democratic values and principles and promulgating western style of life. Thesis...
4 Pages(1000 words)Essay

US Steel

.... Although there was a history of US protectionism of steel industry, Clinton administration tried to do otherwise as it was trying everything not to implement Section 201 because of the belief that it could have more disastrous effect on the US economy as other countries could actually make retaliation. The succeeding Bush administration with the announce intention of cutting excess global capacity of world steel production while trying to save the jobs of the employees of the US local steel producers tried to implement Section 201 by self initiating the same. The supporters of free...
3 Pages(750 words)Essay

Effects of Globalization

...States. Historically, before about 1870, none of these flows was sufficiently large to warrant the term globalization”. At such, several countries like China which used to be idle and locked itself into a closed society for several years, welcomed the idea of economic revolution and gradually rise above the others, having a second chance in economic freedom. The recent upsurge of the economy of China is one of the various effects of globalization which they started to develop in the last thirty years. Considered as one of the largest countries in the world, China has acknowledge the need to reform their economic policies and embrace the power of open economic relations...
3 Pages(750 words)Research Paper

Regional Horror Films: Tree Producers

...the signature Blair Witch style, it did include certain classic suspense elements that used to be a part of earlier horror films. Peli allowed Wan and Whannell to have complete creative control while he himself was present during the post-production. Once again Peli’s film was a great hit and the audience loved it. Next film by Peli was Chernobyl Diaries which he wrote and produced. This one was based on the Chernobyl disaster and on his story The Diary of Lawson Oxford. May 25, 2012 saw the releasing of this film through Alcon Entertainment. The film followed “a group of friends who, while vacationing in Europe, find themselves stranded in the abandoned city of Prypiat, Ukraine only to discover that...
7 Pages(1750 words)Assignment

Causes and effects of globalization

...Causes and Effects of Globalization Causes and Effects of Globalization The term globalization is used to refer to the elimination ofboundaries and increase in interaction between two or more nations (Ervin, 2008, p.2). There are several reasons due to which globalization has occurred, which include: increase in significance of multinationals, decrease in trade barriers and development of technology. The effects associated with the globalization progress include: increase in mobility of working population, creation of new global markets and changes in...
1 Pages(250 words)Essay

Effects of Globalization on Loogistics

...effects of globalisation on logistics al Affiliation) Introduction For many years, researchers and analysts have invested massively in investigations revolving around the growing business globalization trends and international logistics forecasting (Schoenherr, 2009). Nonetheless, a few discussions explain the interrelationship between the globalised business nature and its impact on the logistical and supply chain practices adopted by organizations. Moreover, logistics has rapidly undergone transformation, with the onset of globalization presenting a number of developments such as technological innovations and environmental conservation in the process of adopting suitable supply chains. According to Cowen (2014), the alterations... ...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Effects of Globalization on the US Steel Producers for FREE!

Contact Us