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Why we should buy American made vehicles over foreign vehicles - Essay Example

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Business is one area in which globalization has been successful in bringing enormous changes. The distance or gap between global markets has been reduced considerably as a result of globalization. In other words, it is…
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Why we should buy American made vehicles over foreign vehicles
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Download file to see previous pages 274). Many people refer globalization as Americanization rather than anything else. In their opinion, the concept of globalization was introduced by America and other capitalist countries to loot the wealth of other countries. However, recent statistics show that America failed to exploit the opportunities presented by globalization whereas China and India like countries were successful in exploiting it. Recent recession affected America more than any other country in the world. In short, globalization brought more harm than good to the Americans.
Automotive industry is one business area in which globalization brought revolutionary changes. Even though America is one of the major car manufacturing countries in the world, majority of the Americans purchase foreign cars such as Mercedes Benz, BMW, Toyota, Honda, Nissan etc. The demand for American cars in American market is less compared to that for foreign cars. Huge American automobile manufacturing companies, such as General Motors, are struggling to survive in the car market at present. It should be noted that plenty of American car manufacturers have already reduced their number of employees and car production because of weaker demand. In short, globalization and subsequent developments in the business circles are causing huge problems to Americans now. American economy is struggling at present. Under the above circumstances, it is the duty of every American to give a helping hand to the revitalization of American economy. Purchasing of American made products is one way of helping American economic growth. This paper analyses the reasons why we should buy American made vehicles over foreign vehicles.
According to Mark Karlin (2012), “The auto industry has a long history of providing sound jobs and contributing to economic prosperity in the U.S. Now it’s time for consumers to give back by choosing domestic cars ...Download file to see next pagesRead More
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