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Category Archive for 'economics'

Economist’s Debate

There is good reason to believe the U.S. economy is headed for a period of stagnation. Robert Gordon rightfully points out that the U.S. workforce is shrinking as the number of workers entering their retirement years is outpacing the influx of new workers. As medical advances slowly push the average life expectancy up, this new […]

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It can be proven that free trade is good for any country. The gains to consumers due to free trade outweigh the losses suffered by import-competing domestic industries. Unfortunately, these gains are spread out across many people, while the losses are concentrated in a much smaller group of businessmen and workers (Sawyer & Sprinkle, 2006). […]

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Concerns of the Maquiladora Workers

Maquiladoras are industrial plants below the U.S. border that assemble foreign parts into finished products. Unlike many developing countries which export inexpensive commodities, Mexico “exports” its inexpensive labor force in the form of maquiladora workers (Isaak, 2004). Like workers anywhere, maquiladora workers have concerns both for themselves and for their families. These workers are concerned […]

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The International Monetary Fund

The International Monetary Fund (IMF) was established at Bretton Woods, New Hampshire in 1944. It was originally tied closely to the gold-exchange standard established at that time. It originally provided a pool of funds for distressed countries to use temporarily to correct imbalance issues. Once the gold-exchange standard was removed, the IMF became more involved […]

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Nike’s Environmental Record

This post involves a fictional company called Acme Motors. Acme manufactures automotive engines in Mexico and ships them to Detroit for inclusion in their automobiles. Nike, Inc. is one of the world’s top manufacturers of footwear. Nike realized early in its history that it could not possibly handle the manufacture of shoes on its own, […]

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