Bussiness

posted by .

I have to find an article (magazine, newspaper, online) from a respected source of business / news content that addresses the impact of global trade on the global, U.S., or local economy.

For printed articles, please scan and post as a PDF file. For online content, post the link to the site and comment about how the content of the article is applicable with what you see in the local economy where you live.

This assignment tends to invite strong opinions from students. As good businesspeople do, if you're tempted to post an opinion, be certain that the opinion is supported by objective evidence.

please help im confused

  • Bussiness -

    I found this article

    Calls for protectionism make no sense in today's global economy and globalization was not responsible for the economic downturn, despite some claims to the contrary by politicians, Pascal Lamy, Director General of the World Trade Organization told CNBC.



    "Protectionism in today's world of trade doesn't make sense. Trade is not what it used to be which is a country producing something, selling to a country which will consume something. Trade now is all over the place, it's not made in the US or made in China, it's made in the world," Lamy stressed.

    Speaking from the French Business Leaders Association Annual Forum in Paris, Lamy said the WTO was aware of increased calls for protectionism by politicians, notably in France and was "monitoring the situation very closely", but so far fears of a return to protectionist policies had not materialized.

    "So far, so good, but the risk is there, and if there is some sort of double dip, we will have to remain vigilant," he said.

    Lamy warned there was "no way back" to an age of protectionism due to the changing nature of trade and he warned that countries who chose to revert to such policies ran a greater risk of hindering their own recoveries.

    "With this global value chain if you start hitting your imports, in reality you will hit your imports because a large part of what you export is bits and pieces which you have imported and to which you have added value.

    "So it doesn't make sense anymore given the trade integration we have on this planet," Lamy said.

    Lamy rejected suggestions that globalization was responsible for the financial crisis, telling CNBC a lack of regulation was more to blame.

    "I know it's easy for a politician to scapegoat globalization, the fundamental reality is that globalization is (responsible) for nothing in this crisis. Trade globalization is (responsible) for nothing in this crisis. Where there was a problem was in poor, insufficient regulation in some global activities such as the financial industry, but global trade is not the reason why we had this crisis," he said.

    now i don't get what im suppose to do how the content of the article is applicable with what you see in the local economy where you live.

  • Business -

    Think about the clothes you wear. Where were they made?

    What about unemployment?

  • Bussiness -

    yeah there is quite a few without jobs and most everything here is made from china so how would the article be applicable with where i live could i get a example

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. social studies

    How is the tone of the newspaper article different from the tone of the letter Hi there, Does this question refer to a specific newspaper article and letter?
  2. English (Speech)

    I have to write a manuscript on an article. How do I do this. I looked online, and I found this " Each manuscript should contain a separate cover sheet with the manuscript title, the authors’ names, their degrees, affiliations and …
  3. Economics

    Where can I information on how global warming effects the global economy?
  4. calculus

    Find the points at which y = f(x) = 5x−ln(5x) has a global maximum, a global minimum, and a local, non-global maximum on the interval .1 ≤ x ≤ 2. Round your answers to two decimal places. Global Minimum: (x,y) = (,) …
  5. english

    First you get to read something on the Internet or in your favorite magazine, and then write a summary of it. Choose any subject of interest to you personally (stamps, bees, security alarms, global warming, sports, etc.) and read about …
  6. english

    First you get to read something on the Internet or in your favorite magazine, and then write a summary of it. Choose any subject of interest to you personally (stamps, bees, security alarms, global warming, sports, etc.) and read about …
  7. human resources

    I do not understand the assignment my teacher gave me if possible can you find me an article so i can do my presentation that meets the standards that my teacher wants. You are required to report on one (1) What’s News article this …
  8. English

    So what i have to do is get two articles that are local news and they must come from July and August. It must be approximately be 1000 words and must come from a major newspaper or news magazine. So i have been searching up in the …
  9. math

    Find the value(s) of x for the following. (Enter your answers as a comma-separated list.) f(x) = 6 sin^2 x − 6 cos x, and the interval is 0 is less than or equal to x and x is less than or equal to pi. (a) f(x) has a local maximum …
  10. English 11

    Which of the following is NOT a primary source?

More Similar Questions