Essay Available:
Pages:
10 pages/β2750 words
Sources:
9 Sources
Style:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
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Total cost:
$ 43.2
Topic:
Argumentative Research Paper Unemployment Due To International Trade
Essay Instructions:
My topic is about International Trade. In the previous essays, i have discussed about these three issues: The increase of unemployment; Uneven distribution of income and the devaluation of the currency. So this article still needs to focus on the topic of international trade and these issues above. And the professor requires us to write 10 full pages.
Essay Sample Content Preview:
Name
Tutor
Course
Date
International Trade
Introduction
The association between international trade, employment, income and also the value of the currency had always been controversial. Most economists have stressed the efficient-enhancing results of international trade with no effect on total employment, devaluation of currency and also the uneven distribution of income in the long term (Aradhyula, Rahman & Seenivasan 2). Policy makers and government in contrast, typically assert that due to international trade, employment has increased primarily due to the number of jobs created by the increase in exports.
The public, however, has highlighted that international trade endangers employment opportunities for workers at all levels, leads to significant inequality in income and also the devaluation of currency for most nations (Mohler, Weder & Wyss 2). The paper will analyze the problems of increased unemployment uneven distribution of income and the devaluation of currency as a result of international trade. It will also provide suitable recommendations for handling these issues for a country’s economy to thrive.
Analysis
International trade is highly essential, especially in the allocation of resources in the economy and not in the creation of additional employment opportunities. International trade between various nations is a vital aspect of raising the living standards of its citizens, providing employment and also allowing consumers to enjoy a wide variety of commodities. International trade in recent years has become highly essential with a larger share of the Gross Development Product (GDP) mainly devoted to imports and exports. Global trade, however, increases unemployment rates due to the decrease in the demand for low-skilled labor in a country that is high on labor capital (Mohler, Weder & Wyss 12). If the induced value of low-skilled labor cannot be safeguarded by the systems of a nation’s economy, lack of job opportunities for employees with low technical skills will rise due to international trade.
Unemployment due to international trade
The results of international trade in a country’s labor market are a huge issue for most countries. In nations with a homogeneous economy and perfect competition on products and labor markets, these issues are easily manageable (De Pinto 5-32). However, due to globalization and the existence of various economic structures with imperfect competition, wage and employment consequences have become tremendous.
Carrère (3) stated that global trade leads to the worker-selection effect whereby most enterprises within a specific country place high demands on workers with high skill-sets compared to those employees with limited skills. Workers with low technical abilities do not meet the rise in quality requirements and eventually, they become jobless (De Pinto 5-32). Workers with high technical abilities benefit from global trade through an increase in their salaries and alternative job opportunities.
Due to international trade, high wage workers experience a massive reduction in their earnings and employment compared to low wage earners. However, for highly skilled workers, such issues are typically voluntarily since they can se...
Tutor
Course
Date
International Trade
Introduction
The association between international trade, employment, income and also the value of the currency had always been controversial. Most economists have stressed the efficient-enhancing results of international trade with no effect on total employment, devaluation of currency and also the uneven distribution of income in the long term (Aradhyula, Rahman & Seenivasan 2). Policy makers and government in contrast, typically assert that due to international trade, employment has increased primarily due to the number of jobs created by the increase in exports.
The public, however, has highlighted that international trade endangers employment opportunities for workers at all levels, leads to significant inequality in income and also the devaluation of currency for most nations (Mohler, Weder & Wyss 2). The paper will analyze the problems of increased unemployment uneven distribution of income and the devaluation of currency as a result of international trade. It will also provide suitable recommendations for handling these issues for a country’s economy to thrive.
Analysis
International trade is highly essential, especially in the allocation of resources in the economy and not in the creation of additional employment opportunities. International trade between various nations is a vital aspect of raising the living standards of its citizens, providing employment and also allowing consumers to enjoy a wide variety of commodities. International trade in recent years has become highly essential with a larger share of the Gross Development Product (GDP) mainly devoted to imports and exports. Global trade, however, increases unemployment rates due to the decrease in the demand for low-skilled labor in a country that is high on labor capital (Mohler, Weder & Wyss 12). If the induced value of low-skilled labor cannot be safeguarded by the systems of a nation’s economy, lack of job opportunities for employees with low technical skills will rise due to international trade.
Unemployment due to international trade
The results of international trade in a country’s labor market are a huge issue for most countries. In nations with a homogeneous economy and perfect competition on products and labor markets, these issues are easily manageable (De Pinto 5-32). However, due to globalization and the existence of various economic structures with imperfect competition, wage and employment consequences have become tremendous.
Carrère (3) stated that global trade leads to the worker-selection effect whereby most enterprises within a specific country place high demands on workers with high skill-sets compared to those employees with limited skills. Workers with low technical abilities do not meet the rise in quality requirements and eventually, they become jobless (De Pinto 5-32). Workers with high technical abilities benefit from global trade through an increase in their salaries and alternative job opportunities.
Due to international trade, high wage workers experience a massive reduction in their earnings and employment compared to low wage earners. However, for highly skilled workers, such issues are typically voluntarily since they can se...
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