America continuing to open our borders to international trade

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In the 1950s, 1960s, and 1970s, America produced everything in the world. As a result, there were plenty of jobs and workers could hold onto those jobs for twenty or thirty years. Only one parent had to work in the family during this time. As a nation that believes in free markets, we were happy to engage in international trade.

Then, primarily as a result of cheap transportation costs and high American labor costs, international trade began to play a much bigger role around the world and American companies began moving their production overseas. Now, where are those jobs? Have you benefited from international trade and would you like to see America continue to engage in international trade even more so than we do today, or would you rather see America greatly reduce the extent to which it engages in international trade, hoping that those old jobs will come back?

Well, think about it. Back then a worker would have to work maybe 8 hours to be able to afford a nice dress shirt. Today, however, that worker is employed at a Walmart, but maybe only has to work 4 hours to afford the same dress shirt.

So, the question is, are you in favor of America continuing to open our borders to international trade, or would you rather see America curtail its open trade policy in the hopes that jobs will come back to America.

There is no right or wrong answer to this question. This is just your opinion, but you need to bring in material from the chapters. Write at least 6 paragraphs.

 

Sample Solution

The question of whether or not America should continue to engage in international trade is a complex one, with no easy answer. There are many factors to consider, including the impact on jobs, wages, and the overall economy.

On the one hand, international trade can lead to job losses in certain industries. This is because companies may move their production overseas to countries where labor is cheaper. This can lead to a decrease in wages for workers in the United States, as well as an increase in the cost of goods and services.

On the other hand, international trade can also lead to job creation in other industries. For example, companies that import goods from other countries need to hire workers to unload and distribute those goods. Additionally, international trade can lead to lower prices for consumers, which can boost the economy.

Ultimately, the decision of whether or not to continue to engage in international trade is a difficult one. There are both pros and cons to consider, and the best decision may vary depending on the specific circumstances.

In the case of the United States, international trade has had a mixed impact on jobs. While some jobs have been lost to overseas production, others have been created in the service sector. Additionally, the overall economy has benefited from lower prices for goods and services.

As for the question of whether or not America should curtail its open trade policy in the hopes that jobs will come back, there is no clear answer. Some economists believe that this would be a mistake, as it would make American businesses less competitive and lead to higher prices for consumers. Others believe that it is worth taking a risk in order to bring back jobs.

The decision of whether or not to curtail America’s open trade policy is a complex one, and there is no easy answer. The best decision may vary depending on the specific circumstances. However, it is important to weigh the pros and cons carefully before making a decision.

Here are some of the pros and cons of international trade:

Pros:

  • Lower prices for consumers
  • Increased competition, which can lead to innovation
  • Access to new markets
  • Increased economic growth

Cons:

  • Job losses in certain industries
  • Lower wages for workers
  • Increased environmental damage
  • Increased dependence on other countries

Ultimately, the decision of whether or not to engage in international trade is a complex one, with both pros and cons to consider. The best decision may vary depending on the specific circumstances.

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