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| Details |
| Case Code: CLIBE002 |
| Case Length: 3 pages |
| Period: -- |
| Pub Date: 2005 |
| Teaching Note: Not Available |
| Subject :Business Environment |
| Price:Rs.50 |
| Organization :-- |
| Industry :-- |
| Countries : -- |
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India & China - Threat to the U.S Economy* |
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| The caselet focuses on the impact of globalization on the U.S economy. It highlights the growth of India and China and the threat they pose to the US economy. The caselet also gives an overview of the demand for Indian professionals across the globe |
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Issues: |
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- How globalization increased outsourcing of jobs.
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- Why China is ahead of U.S in foreign direct investments.
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- Shifting of high-end jobs from U.S to developing countries.
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| Introduction |
Globalization, which was expected to benefit the US economy enormously, is posing a major threat to the US economy as a whole. The country's trade deficit has continued to increase and thousands of American workers have lost their jobs.
The trend of lost jobs is at all time high for the entire period following the Great Depression of the 1930s, and the losses are especially high in the manufacturing sector. Three decades ago, during the initial stages of globalization, many economists termed it 'a boon' to the US economy.
Though there was shift of certain jobs from the US to countries with cheap labor,.....
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| Questions |
1. Economists predicted that globalization would benefit the US economy. State the reasons for their prediction. Also discuss the trends in international trade and developments that seem to prove their predictions wrong.
2.Is 'globalization'harming workers'interests in the US? Do you support the view that they should be protected by the US government? Discuss the remedial measures that the US government should take.
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Keywords |
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Foreign Direct Investments (FDI), GDP, North American Free Trade Agreement (NAFTA), World Trade Organization (WTO)
* This caselet is intended for use only in class discussions.
** More comprehensive case studies are priced at Rs.200 to Rs.700 (US $5 to US
$16) per copy.
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