The Current Open Economy Of America Essay

What is government? Government is the governing body of nation, state, or community. Government determines the way any group of people are ran. There a several different types of government used all around the world. In the United States for example, uses a type of government that has three different branches of power. The Legislative Branch is the law making branch. The Judicial branch is the courts and the low enforcement. Lastly, the Executive branch is the presidential branch. “Each has its own responsibilities and at the same time they work together to make the country run smoothly and to assure that the rights of citizens are not ignored or disallowed.” (Osborne) Usually, governments break up the responsibilities into two or more groups. Two very influential writers wrote about their views on government; Lao-tzu and Machiavelli. These writers were in very different times which makes it very interesting to compare their views. Lao-tzu and Machiavelli had very different views on the ultimate purpose of government, the obligations of government leaders, and the main work of the state.

The United States of America, being a country founded by immigrants, is known all over the world as the land of great opportunities. People from all walks of life travelled across the globe, taking a chance to find a better life for them and their family. Over the years, the population of immigrants has grown immensely, resulting in the currently controversial issue of illegal immigration. Illegal immigrants are the people who have overstayed the time granted on their US, visa or those who have broken the federal law by crossing the border illegally. Matt O’Brien stated in his article “The government thinks that 10.8 million illegal immigrants lived in the country in January 2009, down from a peak of nearly 12 million in 2007.”(Para, 2)

The United States is known for having a free-enterprise economy where a business can be conducted freely without government involved. In free-enterprise economies, goods and services are traded openly and are produced depending on the demand. People who support this type of economy believe it motivates businesses to make money and welcome new ideas. An important part of the economy is to have full employment and low inflation.

The Open Door Policy is a term in outside issues at first used to allude to the United States strategy in the late nineteenth century and early twentieth century sketched out in Secretary of State John Hay's Open Door Note, dispatched in 1899 to his European partners. The arrangement proposed to keep China open to exchange with all nations on an equivalent premise; hence, no global force might have aggregate control of the nation. The strategy called upon outside forces, inside their effective reaches, to shun meddling with any bargain port or any vested enthusiasm, to allow Chinese powers to gather levies on an equivalent support, and to show no favors to their own particular nationals in the matter of harbor duty or railroad charges.

The United States economy is racing ahead at dangerous speeds, and it may be too late to prevent the return of widespread inflation. Ideally the economy should move ahead gradually and grow at a steady manageable rate. Mae West once stated “Too much of a good thing can be wonderful” and it seems the U.S. Treasury Secretary agrees. The Secretary announced that due to our increasing surplus and booming economy, instead of having an outsized tax cut, we should use the surplus to further pay down the national debt. A tax cut, though most Americans would favor it initially, would prove counter productive. Cutting taxes would over stimulate an already raging economy, and enhance the possibilities of an

In this paper I will talk about the factors that affect immigration in the United States as well as the way globalization has improved and affect our economy. This country was first establish by all the immigrates who came here in hopes of better futures but many have forgotten their roots and how they became a member of this nation. Globalization, which is defined by the Merriam-Webster dictionary as the development of an increasingly global and economy marked by the free trade. The two terms have a lot in common since one affects the other and vice-versa. Immigration and Globalization have significantly impacted modern society in many ways at times they have been positive outcomes as well as negative. The best way to describe these

Foreign-born workers have dramatically increased in the Unites States due to immigration. How does immigration affect the United States economy can be researched by finding the difference in productivity and income per worker between states which have large inflows of foreign-born worker and those without many immigrants. Official data shows that states with large immigrant inflows have higher productive capacity because they can attract foreign and domestic investment. With higher productivity capacity, worker’s wage would also soar. However, some people point out that foreign-born workers are stealing work opportunity from local workers; actually, there is no evidence to confirm that.

The United States of America has always been known as just that, which is united. However, lately everyone (i.e.: news media,) has been referring to our country as just plain ol’ America. Could it be because they know information about the United States that most of its own citizens are unaware of? The answer is yes because most Americans fail to realize that for years the United States of America has turn out to be everything but united, and this has been a result due to its ever growing wealth gap. However, in this current period of time, minorities have been the ones to predominantly endure the vast amounts of injustices that the gap has bestowed upon the U.S., but the wealth gap will not stay biased towards minorities any longer. In the article “Speaker Addresses Race-Wealth Gap” author Larry Mitchell, quotes speaker Tim wise stating “We have inherited legacies of racial injustice and inequality… It’s not our fault, but it is our burden” (n. pg.) Although this problem might not affect us directly; it does exist causing all sorts of destruction to our economy. The wealth gap is an issue that has continuously remained a severe threat to the stability of U.S. economy. Nonetheless, the wealth gap crisis can be reduced if not eliminated completely by the great efforts of government enforced policies, financial resources, (funds) and job creation.

The following memorandum is a direct response to Robert Reich’s book Aftershock: The Next Economy and America’s Future (2013). It includes an overview of Reich’s diagnosis of the economic issues facing America, as well as relevant analysis for consideration by the President and Congress. The following text considers a potential prescription for the issue of income equality and a prediction regarding the potential action or inaction of the United States government on these issues.

The government is the entity that wields the maximum power to pursue multiple objectives for the welfare of society. However, in a market economy, there will undoubtedly be less government control. Leading the individuals to make the decisions. Which will not have the benefit of the public good in mind. Without government intervention we won’t have regulations to protect consumers. As well as the distribution of taxation. Finally, the issue of the future laws being passed. To start it off, the government will make regulations to protect the well being of the consumer by taxing certain products to pay for them to be recycled, and to make sure businesses list ingredients on their food products so the consumer is aware of the contents. In other words, the government would be able to intervene if a company would sell a product that may have hidden labels that the consumer might not be aware of. Without this regulation the safety of the consumer would be in question. Another reason why government regulation is important is through taxation. Government often try, through taxation and welfare programs, to redistribute financial resources from the wealthy to those that are most in need. Taxation can help people who are unable to obtain products that may be seen as essential toward them. This means the government is able to aid people by funding essential services. Examples of this are things like public

Founder of the Eurasia Group in which is a firm that advises on political risk, Ian Bremmer gave the old “J Curve,” a new meaning. The J Curve is formed as the line that moves along the X- axis. The line falls before, but eventually rises far above the starting point. The X- axis defines the political openness of the country, while the Y- axis shows the stability of a country in which illustrates the ability of a country to survive in political shock. Countries such as North Korea, Belarus, and Zimbabwe are actually stable (left side of the curve), but this is a result of them being closed. While other countries such as Japan, The United States, and Sweden (right side of the curve) are stable because their openness results from the citizens

It is often wondered how the superpowers achieved their position of dominance. According to time magazine, to be a superpower, a nation needs to have a strong economy, an overpowering military, immense international political power, and related to this, a strong national ideology. Three of the articles that impacted me the most were: As U.S. economy slows down, Profits Rise in Pressure on U.S. Owned Factories in Mexico Border Zone, and last but not least Poverty in American. There is no doubt that the American economy has change dramatically since the 1860’s.

Government play vital role in overall economic development and business sector. The Governance of USA is federal government which consist of republic of fifty states that comprises of one capital district that is Washington DC and several other territories.

The level of internationalisation around the globe has grown throughout the years, with advanced technologies the ease and ability to work with foreign countries has also grown. However, firms do not simply interact with each other with no outside party involvement; the government can be seen to play a large role in conducting international business. Governments continuously have the responsibility to act in the manner that they believe is best for their nation; this includes decisions regarding protectionism, which may serve to aid domestic industries but simultaneously hinder international business. It can be seen that governments do not always act in their nation’s best interest and are corrupt which can serve to increase the risks and costs of entering an international business environment. While these are examples in which the government makes international business difficult it can also be seen that the presence of a government is instrumental in creating international business effectiveness, whether this be through their legal system or from trade agreements. This makes the role the government plays paradoxical; as their involvement generally increases the risks and costs of firms seeking to internationalise, whilst simultaneously playing a significant role in creating international business effectiveness.

THE POLITICAL ENVIRONMENT: The critical concern Political environment has a very important impact on every business operation no matter what its size, its area of operation. Whether the company is domestic, national, international, large or small political factors of the country it is located in will have an impact on it. And the most crucial & unavoidable realities of international business are that both host and home governments are integral partners. Reflected in its policies and attitudes toward business are a governments idea of how best to promote the national interest, considering its own resources and political philosophy. A government control's and restricts a company's