Analysis of Trade Barriers in underdeveloped countries.
Not what you're looking for?
Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as "Unfair" import competition. Is such competition "unfair"?
Purchase this Solution
Solution Summary
The answer to this question is typically a debate between two schools of thought, the "protectionist theory" or the "free trade" enthusiast's theory. Regardless of which school of thought one is persuaded by, the import of low wage workers and goods have arguments of fair and unfair claims from both sides that can be hard to determine which is factual and which is propaganda.
Solution Preview
The answer to this question is typically a debate between two schools of thought, the "protectionist theory" or the "free trade" enthusiast's theory. Regardless of which school of thought one is persuaded by, the import of low wage workers and goods have arguments of fair and unfair claims from both sides that can be hard to determine which is factual and which is propaganda.
For the union or protectionist, the importation of low wages equals a loss of jobs and a lowering of the pay scale to try and compete at the same rate as the non industrialized import nation (Contract Journal, 2003). Obviously, it would seem that it could be unfair to unionized workers who feel threatened by the apparent competitive advantage that cheap ...
Purchase this Solution
Free BrainMass Quizzes
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.