IMF bombshell
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IMF bombshell
China surpassing America's economy
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Dell moves outsourced jobs back to U.S. shores

Dell moves outsourced jobs back to U.S. shores | IMF bombshell | Scoop.it

This article about Dell Computer Corporation's outsourcing practices relates to the topics of lower costs, greater control, and lower risks described in chapter 15. This article explaines why its not allways easy dealing with cultural differences. I think this piece was important because it describes the idea of customer satisfaction being more important than a companies bottom line.

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U.S. Economy Lost Nearly 700,000 Jobs Because Of NAFTA, EPI Says

U.S. Economy Lost Nearly 700,000 Jobs Because Of NAFTA, EPI Says | IMF bombshell | Scoop.it

This article is about the North American Free Trade Agreement or (NAFTA), described in chapter 8. The idea behind NAFTA is simple: to help illiminate tariffs and trade restrictions between Canada, Mexico, and America. As you can read from this article, its not the only outcome to follow. This agreement allowed corporations to move production to lower cost inviroments and export back to the stable economy of North America. I think this pact would have worked if the emerging markets of mexico had something to add to this agreement in the form of multiple, major exports. Until mexico can become more technologicaly sound, America will have a hard time competing with higher wages and GDP per capita considering there is less competition in Mexico.

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Tariff debate: Protect American jobs or lower price of shoes

Tariff debate: Protect American jobs or lower price of shoes | IMF bombshell | Scoop.it

This article relates to the term "specific tariff" described in Chapter 6. This term states, that there is a fixed fee of an imported product. This article describes the need and abolition of a specific tariff for athletic shoes. Doing away with this tariff would hurt onshore companies forcing them to outsource like many other american companies due to the fact that the labor costs outweigh the tariff costs. 

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Growing Global, where even smaller enterprises can think big

This article is a good reference for "masculinity, femininity, uncertainty avoidance, individualism /collectivism, and power distance. These are the four primary concepts of the Hofstede Framework which describes a detailed breakdown in comparing different cultures .

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International counterfeit goods sweep hits Valley

International counterfeit goods sweep hits Valley | IMF bombshell | Scoop.it

This atricle relates to the growing threat of counterfeit goods from other countries which was described in chapter 14. It states several statistics on the combined effort in Mexico and South Korea. One troubling thing that pops out at me: "However, operations in Mexico didnt result in any arrests" baffles me and brings up the concern of Mexico not caring to police thier own country because of this million dollar black market.

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Unity is strength

Unity is strength | IMF bombshell | Scoop.it

"Regional economic integration" is the process when countries in a geographic region cooperate to reduce or eliminate barriers to the international flow of products, people, or capital discussed in Chapter 7. This article describes this process taking place in South America. Since the industralized economy within this continent is so dependent on exporting, the capital gains from these deals should be redistributed through that economy. This article briefly describes the relationship between South America and Mexico, further raising the idea of under-developed countries gaining power within themselves by lesser trade tariffs and stronger integration.

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RealClearMarkets - Oil, the Dollar and Comparative Advantage

RealClearMarkets - Oil, the Dollar and Comparative Advantage | IMF bombshell | Scoop.it

This article relates to the concept of "comparative advantage" in chapter 5. Comparative advantage describes a situation in which a country or company can produce a good at a lower cost than a competitor in a different country. This article describes the ongoing situation of oil production in other countries exported to America. Following the comparative advantage idea, the United States gains more profit sharing importing oil than producing since other markets such as electronics and computer equipment are more profitable to export. This idea culminates around how much other countries are dependent upon others based on profit margins.

 

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IMF bombshell: Age of America nears end

IMF bombshell: Age of America nears end | IMF bombshell | Scoop.it

 "According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now."

 This article describes the advantages that China has over America in terms of spending and focus of national interests.

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