Why Should The United States Enforce Regulations That Encourage A Fair Business

companies to sell their products in other countries? Explain how this helps the U.S. (2-4 sentences. 2.0 points)

According to the author “the harsher the working conditions and the more companies can avoid responsibility for catastrophes they cause, the more money can go into the pockets of the rich” (Loomis 53). So, companies contract their work out and they make their profit from these reduced labor costs all while not having to claim responsibility for anything. The saddest part of all of this is that the countries these factories are built in do really need the jobs they create but these jobs are killing their

This is why we should boycotted and there should not be child labor. To begin with child labor is very dangerous to the kids. In the story Why Are Your Clothes So Cheap by Kristin and Gini and they states “ A child's physical or mental well being is in danger” (Kristin and Gini 112). “The factory went up into flames”

* So companies can increase company revenue and be able to dominate international markets in order to establish more stores and spread product around. A good example is McDonalds, they are everywhere. This helps the US because in revenue allows a company to keep its base in the US, increase the national gross product, drive consumer activity, keep jobs, and increase the export business, which goes along with jobs.

I accept this question because economics is not a zero-sum situation; a nation’s economy can only prosper if the rest of the world is thriving as well. After all, a country cannot make money by exporting its goods if there is nobody who has the wealth to buy them. The national economies of the countries in the world are tethered together in a way that if one market fails, there will be serious consequences on the remainder of the countries in a domino effect. As one of the world’s foremost economic leaders, America has a responsibility to at the very least oversee that the international market is still intact. Going one step further, the United States has the means to help the government in developing countries create and sustain the kinds of institutions that support a market economy as well as the obligation to open its huge markets to the smaller export industries.

In the third world countries such as Vietnam, China, South Korea and Taiwan, we are provided with an example of cheap labour. These corporations could now achieve the benefit of the United States consumer market8, while keeping their costs extremely low in offshore production. The working conditions in the United States were poor for centuries, often little to nothing was done unless a tragedy occurred to influence worker rights by the public. This was the issue during the Industrial Revolution and in the late 20th century. In the United states, improvements have been made and these conditions have disappeared, with the privilege in some agricultural areas. Companies from the United States have moved a considerable amount of their factories

The United States became one of the most influential world powers virtually overnight. The system of functionality which maintains this growth and power is the refined codes of business practices which are the cornerstone for domestic and international business relations the world over.

It is very sad that our civilization place the human rights of companies or corporations to profit over human and labor rights. In the Western World, some of the working condition and wages are not the best for any human being to experience. This types of conditions hurts the poor and the richer keeps getting richer. Bottom line the globalization is not up to par with what was intended to be,in fact, it is a major problem that what it was expected.

Large corporations such as Nike, Gap, and Reebok and many others from the United States have moved their factories to undeveloped nations; barely pay their employees enough to live on. Countries such as China, Indonesia, and Haiti have readily abundant cheap labor. There should be labor laws or an obligation of respecting workers to provide decent working conditions, fair wages, and safety standards.

There are too many cases in which workers across the globe are subjected to horrific working conditions. Because of the laws in place in the United States, manufacturing jobs are not

corporations to use cheap overseas labor” my first thoughts were yes because of my personal beliefs. But upon further thought and through discovery, I realized that from a business point of view we as a nation should still help promote economic globalization. In order to do so we need to outsource production and encourage trade. However, because we are fiscally involved in another country’s economy that doesn’t give American corporations the right to implement our laws and standards into other countries’ business practices and laws. Just because we see child labor, unfair wages, and violating overtime as immoral, doesn’t mean that the host county does. However global labor standards need to be unified.

Globalization is an amazing tool for the world and it helps the economy growth. Sometimes, these big companies like Maquiladora, established their companies in poor countries or places where they can commit some acts without being put under the law. They use the citizens of those countries as workers, often paying them little amount of money or discriminating against who they hired. This often leads to many problems like death or misplacement, like the man I encountered while in Mexico. Giving up my vacation in mexico to give my time to help this man would be a good decision because this man and his deceased wife suffered a violation of human rights and he needs to get compensation from the company and acknowledgement of his human rights being violated.

There are two stakeholders in this situation and they are: the companies Apple and Foxconn as well as the Chinese government. Apple has obligations to their employees both domestic and global. They need to be mindful that a corporation is only as good as its products as well as, its image. They need to be mindful that since its headquarters are in the United States, it should do all that it can to maintain a positive image. It is also important to make sure that the products they sell are quality products while keeping the price as low as possible. Foxconn has a stake in its people and the products they export. The unfair and inhumane working conditions forced the government to step in. Foxconn also needs to be mindful of the issues presented previously for Apple (the difference they are headquartered in China). The fact that labor violations were taking place, China’s government had an obligations to its people. They need to protect their citizens from hazardous work conditions and hold Foxconn accountable for their actions.

Regulation in many cases is a good thing to implement. Many times it is used to sort of even the odds between the countries that have a lot and those that have a little. But so frequently can a little regulation turn into too much regulation. When this happen it through off the natural flow of trade. Although trade regulation can unfortunately limit trade with some countries, which could result in less diversified and productive countries, trade protection is still safer for developing countries because small developing countries cannot compete as effectively as the more developed industrialized countries. These two types of countries have two completely different levels of ability and capacity to trade. If a developing country has one main industry, it cannot risk trading with large developed countries that have many huge similar industries. It is not fair to force these developing countries to compete globally if they are inexperience and are not yet prepared to trade in this manner because of lack of resources, wealth, and labor that these experienced developed countries have.

One of the greatest international economic debates of all time has been the issue of free trade versus protectionism. Proponents of free trade believe in opening the global market, with as few restrictions on trade as possible. Proponents of protectionism believe in concentrating on the welfare of the domestic economy by limiting the open-market policy of the United States. However, what effects does this policy have for the international market and the other respective countries in this market? The question is not as complex as it may seem. Both sides have strong opinions representing their respective viewpoints, and even the population of the United States is divided when it comes to taking a stand in