Business and Finance

Discuss Whether Or Not Workers Are Exploited In The Manufacturing Of US Imports. In Your Response, Consider Whether They Are Better Off In That Type Of Job Or An Alternative. Provide A Rationale.

First, provide a brief (one-paragraph) overview of this week’s material.

On the other hand, every individual living in the global economy has at least one thing involved in someone’s life which comes from a different nation. This links the people to international trade, which is growing dramatically. The wave of globalization started in the 19th century, and it achieved impressive integration in the second half of the century (cnx.org, 2018). It was later affected by World War I, and during the great depression, most of the countries tried to avoid foreign trade. It later regained its strength in the 1980s. The world is connected on multiple levels, especially from an economic perspective. Therefore, the nation requires trade policies, laws, and strategies to regulate international trade. This is because of the competitive threat of firms and workers from high-income countries like the USA and medium-income countries like Mexico (cnx.org, 2018). Also, some politicians have worried that their nation may be over-dependent on key imported products, e.g., oil, which is a threat to security. These fears lead to the set of basic policy conclusions involving the protection of national interests by restricting imports.

2. Discuss whether or not workers are exploited in the manufacturing of US imports. In your response, consider whether they are better off in that type of job or an alternative. Provide a rationale.

The people working in the manufacturing firms in the U.S. import are being exploited, and these lead to adverse impacts on international labor rights and regulations. For instance, the company supplying Apple is Foxconn Inc., which is based in Shenzhen, China. However, Samsung, which is Apple’s biggest competitor, supplies many of the iPhone parts to Apple. However, both firms cannot work together since both companies need to design an elegant and easy-to-use design, thus exploiting their workers.

3. Examine whether or not US consumers should boycott or increase the purchase of these goods and the effects that boycott or increase in purchase would have on the workers.

For instance, US consumers boycotting the purchase of the product in the market will lead to the unemployment of many workers due to poor demand, sales, and profit generated from the market. An instance of increased purchase of the same product will lead to increased employment of the workers due to increased demand and better income for the firm. This results from the law of demand and supply, which is regulated by economic forces.

4. Should standards be set for work rules in other countries? Or should work rules be left to the political system in a particular country?

The standards should be set for the workers to rule the other countries so that they can provide an international legal framework for stable and fair globalization (Timothy, 2000). The standards will also be essential, providing a path for decent work, acting as a means of economic performance improvement, providing safety in times of economic crises to workers globally, and acting as a sum of the international knowledge and experience for the workers. It may also act as a way of reducing poverty in developing nations since every working standard will be applicable in all nations globally, thus eliminating any form of unfairness.

5. If work rules are set, who should set them, and how should they be enforced?

The setting of the work rules should be done by the Congress. This will enable easy enforcement since the rules should be published in the worker’s handbook’s workplace policies. There will be the provision of training to the workers, supervisors, and managers concerning workers’ rules and how to apply them, coming up with disciplinary actions for those who defile the rules, and lastly, encouraging every individual to practice them.

Bibliography

cnx.org. (2018). 20 Introduction to International Trade. Retrieved from Macroeconomics: https://cnx.org/contents/QGHIMgmO@10.211:TcqgYaWh@5/Introduction-to-International-

cnx.org. (2018). 21 Introduction to Globalization and Protectionism. Retrieved from Macroeconomics: https://cnx.org/contents/QGHIMgmO@10.211:cklYzL7i@4/Introduction-to-Globalization-

Timothy, T. (2000). Principles of Economics: How Trade Policy Is Enacted: Globally, Regionally, and Nationally. Open source.

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