what is the most important issue facing the global economy? explain the issue in detail and your reasoning for it being so important.
I say globalization and someone said that was too broad so I narrowed it down to international trade
foreign exports between what countries? trade of exactly what products?
Good God, international trade in what? If you write on "international trade" you will write a book or two. Why can't you find something specific in international trade that you can research and present specific issues and problems? I think we gave you some suggestions the last time you posted. Broad topics end up as books, or as gloss overs. If you are to explaing the issue in detail, and your reasoning, you better stick with a narrow globalization issue.
Ok im sorry fo asking stupid questions,I just didn't quite understand because I tend to over-think things alot. So my topic of my paper is globalization OF international trade in foreign exports. Am I getting somewhere now?
http://web.uvic.ca/wguide/Pages/EssayNarrowTopics.html
http://www.grossmont.edu/ewc/essay_writing.asp
Another set of ideas for you:
http://www.jiskha.com/display.cgi?id=1177818170.1177940557
Greg..... still tooooooo broad. Think of all the possibilities for "trade". We "trade" everything from apples to zebras. Several things come to mind... what about clothing, cars, computors... just to stick in the C's. All of those things used to be made in the US. Now most clothing is made outside, Toyota just beat the American car industry...and IBM is competing with everything from everywhere. Pick just one "trade" and cover it well.
I understand that you are trying to narrow down your topic on the most important issue facing the global economy. It seems that you are interested in exploring globalization as it pertains to international trade in foreign exports. While this is a specific aspect of international trade, it still might be too broad to cover in detail for a paper.
To further narrow down your topic, I would suggest picking a specific type of product or industry to focus on. For example, you could explore the impact of globalization on the international trade of automotive products or the clothing industry. By selecting a specific trade sector, you can delve deeper into the issues and challenges facing that particular industry within the context of globalization.
The reasons why international trade is an important issue in the global economy are numerous. Here are a few key points to consider:
1. Economic growth: International trade plays a significant role in driving economic growth around the world. It allows countries to specialize in the production of goods and services in which they have a comparative advantage. This specialization leads to increased efficiency and productivity, which in turn boosts economic output.
2. Job creation: International trade creates employment opportunities both within and across countries. It enables companies to access larger markets, leading to increased demand for their products and services. This increased demand ultimately leads to job creation, benefiting economies at both ends of the trade relationship.
3. Consumer welfare: Global trade provides consumers with access to a wide range of goods and services at competitive prices. It allows consumers to access products that may not be available domestically, thus increasing consumer choice and overall welfare.
4. Technology transfer: International trade facilitates the flow of knowledge, technology, and innovation across borders. This transfer of technology enables countries to adopt more advanced production methods, improve productivity, and enhance their overall competitiveness.
5. Foreign direct investment: International trade often goes hand in hand with foreign direct investment (FDI). FDI brings in capital, technology, and expertise to host countries, driving economic development and industrial upgrading.
6. Global interdependence: International trade fosters global interdependence and cooperation among nations. It encourages countries to work together to solve common challenges, such as climate change, terrorism, or global health crises.
In conclusion, while international trade is an essential aspect of globalization and plays a crucial role in the global economy, it would be beneficial to narrow down your focus to a specific industry or product to provide a more in-depth analysis in your paper.