Preview

International Effects of International Trade

Satisfactory Essays
Open Document
Open Document
385 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
International Effects of International Trade
International trade is the exchange of capital, goods, and services across international borders or territories. Trading aides the country in multiple ways; providing lower cost to a consumer, better healthcare, technology and even education. But there are also negative effects of trading. Some if asked fell that international trading is a necessary evil. It helps economies grow and can increase the welfare of society. However there should be a tighter restriction on what is to be traded and exactly how much should be traded. People as consumers be fully aware of the products they purchase encourage that country with their practices a mindset it is often overlooked.People who work for the industries trade such as dock workers, truckers, and ships’ crew are at even higher risk. The matter produced by burning diesel oil has been linked with lung cancer, asthma, chronic bronchitis coronary heart disease and much more. Long Beach and Los Angeles port’s suffers 25 new cases of cancer each year because of the diesel pollution from ships, trucks and dock equipment. There was a relation between people living near railroads and rail yards. Communities within 20 mile radius around sea ports are dying from exposure to air pollutants to 75 new cases a year.
Most of the imports that enter the United States come through Los Angeles and Long Beach California. Combined the two ports make the third largest container-handling facility in the world. They receive about 40% of imports that enter the country. Trade through the two California ports is expected to triple within 15 years.
Most of our imports have the label made in Asia or more specifically Hong Kong, China, Korea and Taiwan. Research has shown that the average salary of workers supplying the goods have an average monthly salary of 204.20. The monthly salary was based of minimum wage for a 19-year old worker. Women and children are known for being forced to work for lesser to no money at all. Even though there are laws

You May Also Find These Documents Helpful

  • Good Essays

    Global trade patterns and domestic economic affairs was significant to the world. It affects how well the country is running and makes it under control. Global trade patterns and domestic economic affairs has changed and continued in China from 500 to 1750. As time progressed, trade patterns and the economy became sophisticated and prominent. Many people began to depend and on the economic issues. Currency has changed into silver which became a huge demand. Today, the global trade patterns and domestic economic affairs is the way due to history. Due to unfortunate circumstances involved changed in currency and a look of diffusion, Chinese economy shifted a bit. As China developed lost contact with foreign regions and faced different conflicts, they changed trade patterns and domestic affairs. From the time…

    • 952 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    fallen to third behind Japan and Germany in the list of leading export nations (absolute volume basis).…

    • 9742 Words
    • 39 Pages
    Satisfactory Essays
  • Powerful Essays

    Now let’s get down to business and find out how the Gravity Equations work in different…

    • 2386 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    The impact of an import tariff in a small nation is entirely unlike then an import tariff from a larger nation. When smaller nations imposes a tariff, it does not affect world prices, however the price of the importable commodity will start to rise, usually by the amount of the tariff for manufacturers and trade in the small nation. When large nations impose a tariff, it will reduce the volume of trade. Large nation tariffs also improve terms of the nation’s trade. Since the volume of trade is being reduced, it tends to lesson the nation’s welfare. However it also can improve the nation’s welfare. It depends on the welfare of the nation to if it actually rises or falls depending on the two conflicting forces.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    International Trade

    • 508 Words
    • 3 Pages

    IBE Week 2 Review – Chapter 2 – International Trade and Foreign Direct Investment Questions and Answers…..…

    • 508 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Economics in the News

    • 317 Words
    • 2 Pages

    The New York Times article "Bulgaria's Air Is Dirtiest in Europse, Study Finds, Followed by Poland" explains the negative effects that smokestacks and vehicles have had on the air quality in Bulgaria and Poland. Although the factories and transportation seem to be a vital part of the city lifestyle in Bulgaria, the benefits they provide do not apply to anyone but the user. In fact, the gas that comes from both smokestacks and vehicle tailpipes imposes an external cost on the citizens that breathe in the air. Studies show that health problems have increased, including both asthma and cancer, because of the overuse of factories and transportation. The pollution has created an unhealthy living environment for not only those who live in Bulgaria and Poland, but the neighboring countries. Because air quality cannot be restrained between borders, surrounding countries are also effected by the pollution.…

    • 317 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Seaports are gateways to domestic and international trade, connecting the United States to the world. Because of the nation's port system, food grown by Iowa farmers reaches tables in Japan and Russia. Manufacturers in Texas can sell goods and services profitably to foreign countries. And Appalachian and Midwest coal moves through inland waterways and coastal ports to power plants domestically and around the world, providing the fuel to heat and light homes, businesses and cities.…

    • 1143 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    o China imported $660 B worth of goods in 2005 – and increase of 18% from the past year…

    • 3373 Words
    • 14 Pages
    Better Essays
  • Good Essays

    The global economy is becoming more integrated than ever before. The world trade organization (WTO), now has 153 countries involved in more than 95 percent of the world’s trade. The global economy is dominated by countries in three regions: Western Europe, North America, and Asia. Europe is economically to form he biggest market in the world. Under the Maastricht Treaty, which formally established the European Union (EU), the euro was adopted as a common currency among European countries with the goal to strengthen Europe’s position as an economic superpower in the world. Among the Pacific Rim countries, Japan dominated world attention toward the end of the last century and with the world’s largest population and increasing industrialization, China is on its way to becoming the larges producer and consumer of the world’s goods. Asian countries have joined the United States, Australia, and Russia to form the Asia-Pacific Economic Cooperation (APEC) trade Group. Association of Southeast Asian Nations (ASEAN) brings together 10 developing nations and is aimed at cultural development and political security. The North American Trade Agreement (NAFTA) combined the economies of the United States, Canada and Mexico into one of the world’s largest trading bloc. And, as for the rest of the world with all the important developments, markets and competitors shaping the global environment, India for example with the fast growing economy and huge population has become the world’s second largest online support, software developer and other services.…

    • 513 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The international trade sector of the U.S. economy continues to draw attention in economic and political circles. It is true that, the international market has become increasingly important as a source of demand for U.S. production and a source of supply for U.S. consumption. Indeed, it is substantially more important than is implied by the usual measures that relate the size of the international sector to the overall economy. This paper explores the role international trade now plays in the U.S. economy and answers the important questions for economic policy: How does international trade affect economic well-being? Who gains and who loses from free trade among countries, and how do gains compare to loses. How international marketplace achieves these gains from trade or how the gains are distributed among various economic participants.…

    • 1745 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    International Trade

    • 375 Words
    • 2 Pages

    Why has international trade become less risky, less costly and even less time consuming then the past? Will business confidence likely grow even more in the future? There are multiple reasons for these common questions.…

    • 375 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The United States imports goods and services, as well as exports goods and services in the global economy. International trade affects the United States’ Gross Domestic Product (GDP) and domestic markets. The government can affect international trade by imposing tariffs and quotas on imports. Foreign exchange rates affect how much is brought and sold abroad. International trade is beneficial to the United States, but sometimes it can be seen as unfair competition to the American workforce and businesses. In this paper I will put emphasis on international trade and foreign exchange rates and how those affect the GDP, domestic markets, and students. I will also outline some of the benefits on goods and services that are imported from other countries and how those contribute to United States’ economy in the United States.…

    • 1146 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    International Trade

    • 9018 Words
    • 37 Pages

    1.Home has 1200 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 3, while in banana production it is 2.…

    • 9018 Words
    • 37 Pages
    Good Essays
  • Good Essays

    * The exchange rate is the price of one currency in terms of another. Exchange rates fluctuate depending on the demand for a particular currency. If there is a high demand for a country's currency then its price will tend to rise. Because currencies fluctuate in price it can often be cheaper to buy goods in one country and sell them in another. Because of this exchange rates have a major impact on international trade.…

    • 505 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    International trade can be referred as the exchange of goods, and services across international borders or territories. There are several ideas that underlie the benefits of international trade which is where a buyer nation and a seller nation engage in the voluntary transaction of importing and exporting domestic products. The main objective of this study is to capture the perception level of UiTM Kedah Bachelor of Business Admin students with regards to the impact of international trade on the Malaysian economy.…

    • 4457 Words
    • 20 Pages
    Powerful Essays