StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Imports from China - Essay Example

Comments (0) Cite this document
Summary
The paper entitled 'Imports from China' presents valid arguments to be made on both sides of the debate over whether the United States should continue to import goods from Chinese producers. One perspective holds that individuals ought to have the freedom…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Imports from China
Read TextPreview

Extract of sample "Imports from China"

It is a fact that nearly 200,000 American jobs have been displaced by Chinese imports (Scott) in Wal-Mart Corporation alone. Those who hold protectionism as the answer for creating jobs in America hold this example as an expression of an underlying truth: that imports need to stop in order for the economy to improve. However, what is the overall economic impact of saving these jobs? According to an OECD report, stopping imports from China will actually hurt the American economy, costing $2.16 for every $1 rise in tariffs and dropping world income by $0.73. When a country implements such policies, production does indeed come back to that country; however, since they cannot make those goods as efficiently, consumption decreases because prices go up. Less consumption means more costs and a return to the original problem.
From an economic perspective, the protectionist argument against importing goods fails. The opposite perspective, that individuals have the right to choose between all available alternatives certainly seems valid, particularly in response to the analysis that “open markets will be necessary for a sustained economic recovery” (OECD). Trade with China is mutually beneficial for both parties and should continue until it stops naturally. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Imports from China Essay Example | Topics and Well Written Essays - 250 words, n.d.)
Imports from China Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/macro-microeconomics/1580467-should-we-continue-to-import-goods-from-china
(Imports from China Essay Example | Topics and Well Written Essays - 250 Words)
Imports from China Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/macro-microeconomics/1580467-should-we-continue-to-import-goods-from-china.
“Imports from China Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/macro-microeconomics/1580467-should-we-continue-to-import-goods-from-china.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Imports from China

Industrialization of China

The pricing system, common law and property rights in Britain and Holland were well defined; in China, too the private landholding property rights including leasehold and freehold rights became the basis to give the economy a boost.
In fact, China experienced a revolution in agriculture; the geographical expansion of China mainland was possible due to the peasants who were willing to move to new places as China took hold of further land. In return, the state-supported such peasants with financial and material aid. The state’s main revenue was generated through a tax imposed on peasants. It also became the single most source of employment in China. The economy thrived due to agricultural dominance. Britain too had agricu...
6 Pages(1500 words)Assignment

Economic Development Policy: China and India

Countries with such a large collective workforce have the potential of greatly impacting the world economic balance. In order to compare the economic success of a country, a historical long-term background must be established to be able to visualize economic trends over time. In terms of GDP per capita at the turn of 19th century India held a good advantage over China in this economic metric which is a good indicator of the size of a countries economic activity. Toward the 1950s the gap had widened and India acquired an advantage of over 40% in total GDP over China. In 1950 India transformed its governmental structure into a democratic political system. China at the time was a communist nation and has continued to be one as of tod...
6 Pages(1500 words)Case Study

A Visit to China

A businessperson or business student has to learn the importance of globalization and the international movement. Technological advances and international business relationships that diplomats have been developing for decades allow the 21st-century professionals access to foreign markets. Any person going on a trip, especially a business trip must be prepared to face a different cultural setting. The best way to prepare for a trip is by researching and studying the country prior to the visit. 

China is one of the oldest established communities in the world with a history that surpasses five thousand years. The country has a communist regime and a conservative society that values its tradition and customs. In a soci...
6 Pages(1500 words)Term Paper

Country Analysis Framework: China

Its impressive economic performance accompanied by a huge current account surplus of $304 billion in 2007, serves as a beacon to the audacious foreign investor. A multitude of factors has contributed to this phenomenal success of a country with more than one sixth of the world’s population. In brief it is a burgeoning market for luxuries and semi-luxuries.
I seek to focus the attention of the company management on the three fundamental but interrelated factors – strategy, context and performance. Strategic initiatives of a nation are basically determined by a set of broader predefined policy objectives that outweigh otherwise unimportant presumptuous goals. Context acquires both a national and an international sig...
9 Pages(2250 words)Case Study

The Economic Impact of the Emergence of China and India

...Running Head: [short [institute of affiliation] a. Refine the analysis of the forces and trends you completed for theWeek Two assignment. The Automobile Industry today is becoming increasingly competitive, with the shift in global economies, the continuously rising fuel prices leading to a simultaneous rise in consumer preferences towards fuel efficient cars, the coming of age of Western economies and the emergence of Asian super powers such as India and China. These external environmental factors along with certain significant global issues such as, growing concern for environmental protection, and the trends towards greener and cleaner cities, governmental initiatives to reduce carbon emissions, and issues concerning protection...
10 Pages(2500 words)Assignment

Business Operations of Starbucks in China

“Starbucks opened its first store in Hong Kong in May 2000 and currently has 51 stores. Guangzhou opened in August 2003 and has 12 stores in Southern China, including six stores in Guangzhou and six stores in Shenzhen (BNET).” Starbucks has entered the Chinese market through joint ventures with companies like Mei-Xin and Macau. The company in order to strengthen its operations and brand image in the country has recently decided to extend the term of the joint venture agreement made with the above-mentioned companies. “As part of the transaction, Mei-Xin (International) Ltd., will also acquire a 30 percent interest in a joint venture to operate Starbucks stores in Chengdu (BNET).”

Apart from the a...
6 Pages(1500 words)Case Study

International Communications: Democracy in China

The Party’s domination over the media has meant that the news media is required to accept Party ideology as its own, propagate Party programs and policies and accept the Party’s leadership. (Zhao, 1998:19). The Party closely surveys media content and media mentoring is performed by special teams of veteran Party workers (Zhao, 1998: 21). The Chinese Community Party views the role of the media in the political process as being based on its theory of political communication which in turn is derived from its basic philosophy of the mass line spelling out three distinct power levels, the Party Cadres, ordinary Party workers and the masses. While the people are the basis for policymaking, they do not participate in decision...
6 Pages(1500 words)Article

China Faces Pressure over Currency

Making its products cheaper in the US and thus encouraging imbalanced trade. It has been universally agreed that the free-floating Yuan would be significantly worth 15 cents.
Chinese economists feel that the impact has been over-exaggerated and particularly to America from Yuan revaluation. In particular, a stronger Yuan will not reduce the US’s trade deficit as there is a very smart segment of overlap between China and America Production and hence the US will not be able to replace Chinese imports. The consumer will end up paying more for imports from china or Vietnam and this would be like imposing a tax on US consumers.
The World Bank chief also disagrees with the US’s suggestion on China's currency rise a...
9 Pages(2250 words)Assignment

Challenges Faced by International Media Corporations Operating in China

Considering Geert Hofstede’s cultural dimensions, China exhibits a low ranking in individualism meaning that they observe a collectivist culture dictated by the communist rule (Hofsted, 1996). In this type of society, loyalty is considered to be of great importance, a factor that has made it difficult for foreign companies to invest freely in the country. This essay is a critical evaluation of challenges that international media corporations operating in the country face.

The attempts by foreign investments to penetrate China’s market have proven futile in the past especially due to the conservative nature of the inhabitants. China is a strict country when it comes to culture and cultural interaction. For ex...
7 Pages(1750 words)Coursework

The Trading Relationship between the US and China

China is now considered as the United States‘biggest source of import and its second-largest trading partner. Many US-based firms believe that in order to successfully operate globally, China is a critical country to tap. Thus, China has also become a $300 billion market for US businesses, including US exports to China and the sale of US firms’ offerings in China.
The strengthening of bilateral ties between the two economies has faced a number of complexities in recent times. Trade tensions have ensued majorly because of the slow and hesitant transition of the Chinese market into a free economy. Even though China has taken steps to improve its overall trade liberation, there is still a significant amount of polici...
7 Pages(1750 words)Assignment
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 Essay on topic Imports from China for FREE!

Contact Us