Excluding fifty percent of the world's population from participating fully in the global economy makes no sense from a purely economic point-of-view. Founder of Grameen Bank Muhammad Yunus is at the cutting edge of improving the global economy by directly helping women via micro-lending. Progressive economic models like Yunus' will go a long way toward minimizing poverty, decreasing wage disparity between men and women, eliminating discrimination, and also increasing the GDP and per capita income of all nations on earth.
Ideas of free trade already impact working women around the world. As free trade is currently practiced, women remain in mainly low-income positions especially in developing nations with no laws in placed to protect against overt sexism. In most cultures women are expected to be householders while at the same time pressured to work outside the home to feed their families. Therefore, women are usually at a financial disadvantage and must be offered ways to achieve upward social and economic mobility if they are to be included in the global economy. The current manifestation of free trade is not inclusive enough.
Yet free trade can be used to help the plight of women. Models like Yunus' show that when women are offered a chance to participate in their local economies they can create robust businesses that will have positive impacts not only on their communities but on the GDP of their country as a whole. Moreover, when female entrepreneurs thrive their work will be recognized on the global stage. Free trade allows female entrepreneurs the opportunity to sell their goods and services in markets they would otherwise have no access to.
Ironically one of the most often criticized features of free trade, that it usurps the authority of elected governments, might end up working to women's favor. Especially in nations that demonstrate ingrained and seemingly...
"The creation of new jobs overseas will eventually lead to more jobs and higher incomes in the United States...An open economy leads to concentrated costs (and diffuse benefits) in the short-term and significant benefits in the long-term. Protectionism generates pain in both the short-term and the long-term." (Drezner, 2004, p.1) in short, what is good for commerce abroad will, in a free market, eventually yield dividends for the American
Since this approach is not an option, Sampayo and officials with the Matamoros Water & Sewage Board have sought assistance from BECC. Before any project can receive certification, however, the water utility must prove it is self-sufficient and capable of repaying a NADBank loan, generally through user fees. This will prove difficult, since only half the city's water subscribers pay their bills on time, 20% pay late and 30%
global capitalism and free trade. We will discuss the impact of the World trade organization on global capitalism and free trade. In addition we will discuss the purpose of the International Monetary Fund in underdeveloped worlds. We will discuss multinational corporations and the role that they play in free trade and global capitalism. Our research will also include an investigation of the political, economic and social issues the surround
free trade claim benefits to both individuals and society, while protectionists claim that people need protection from free trade. There is no doubt that business is becoming increasingly global and it seems free trade will mark the future of international business. By considering both sides of the argument, a balanced view of the issue can be obtained. It may even be possible to combine both sides of the argument
North American Free Trade Agreement President Clinton signed the North American Free Trade Agreement Implementation Act-NAFTA on December 8th, 1993. Canada and Mexico soon followed suit and the North American Free Trade Agreement became active from January 1st 2004 and thus became the first comprehensive free trade agreement among major industrial nations and a developing a country. (A dynamic macroeconomic analysis of NAFTA - North American Free Trade Agreement -- Economic
Outsourcing in a Global Community "Even though 'Outsourcing' has its demerits and has been criticized the benefits which it brings is advantageous to the U.S. both now and in the long run." This statement identifies a claim of fact showing that even though outsourcing has its demerits as any other condition would entail, the benefits which the U.S. economy would achieve by way of outsourcing is much more than its disadvantages and
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