Emergence Of China Case Study
The emergence of China and India and the impact on the United States
Tracy Davis
|General Purpose: |To argue a position |
|Specific Purpose: |To argue the position that globalization is creating a level playing field between the |
| |east and the west. |
|Central Idea: |The emergence of China and India’s third world economies due to trade and investment and|
| |the costs and benefits to the …show more content…
The United States practices and reaps the benefits and costs of a market based economy.
2. Trade a. The World Trade Organization was established in 1990. Communism had collapsed and capitalism spearheaded by the United States encouraged nations to join and establish a global trading community b. At last count, the U.S. trade gap with China for 2008 was running at an annualized $717.1 billion versus the $700.3 billion in all of 2007, based on U.S. Commerce Department numbers. The deficit August figure was $25.3 billion, the second highest monthly total ever. c. India has set a target of $200 billion in exports for the current fiscal year ending March 31, up from $155.5 billion reported for 2007-08, and is aiming for a 5-percent share in global trade by 2020.
3. Outsourcing and Jobs a. The real boom in China is the global economy itself. Much of it has simply moved to China, and it is owned and run by the same multinationals that have left America for China. b. Technology, massive population and low wage expectations have been the key to bringing white collar jobs to
Tracy Davis
|General Purpose: |To argue a position |
|Specific Purpose: |To argue the position that globalization is creating a level playing field between the |
| |east and the west. |
|Central Idea: |The emergence of China and India’s third world economies due to trade and investment and|
| |the costs and benefits to the …show more content…
The United States practices and reaps the benefits and costs of a market based economy.
2. Trade a. The World Trade Organization was established in 1990. Communism had collapsed and capitalism spearheaded by the United States encouraged nations to join and establish a global trading community b. At last count, the U.S. trade gap with China for 2008 was running at an annualized $717.1 billion versus the $700.3 billion in all of 2007, based on U.S. Commerce Department numbers. The deficit August figure was $25.3 billion, the second highest monthly total ever. c. India has set a target of $200 billion in exports for the current fiscal year ending March 31, up from $155.5 billion reported for 2007-08, and is aiming for a 5-percent share in global trade by 2020.
3. Outsourcing and Jobs a. The real boom in China is the global economy itself. Much of it has simply moved to China, and it is owned and run by the same multinationals that have left America for China. b. Technology, massive population and low wage expectations have been the key to bringing white collar jobs to