Globalization of business has led to changes in the global market environment. The United States has significantly transformed from being a manufacturing powerhouse as it now relies on importation of raw materials from other countries with upcoming markets. United States lost its self-sufficiency that it had in the past century especially during the Industrial Revolution. The integration of foreign made goods have made it easy for foreign workers to manoeuvre in different opportunities and pursue their American dreams because they are familiar with the goods thus making their work environments conducive (Weidenbaum, 2005). Moreover, this changed the perception held by majority of foreigners that United States is a melting pot of immigrants. These foreign workers take advantage of their knowledge about imported goods to penetrate the American markets further with the motive of advancing their skills and attract better wages and opportunities as a result.
Unremitting importation of foreign made goods has affected American workers both positively and negatively. On the positive side, they get to learn new ideologies about manufacturing and global markets from the upcoming superpowers such as …show more content…
the U.S economy is somewhat exploitative to foreigners in the country due to lower wages they get as compared to Americans (Weidenbaum, 2005). As a result, they tend to embrace foreign goods in the market due to lower prices compared to prices of American manufactured goods. Literally, the purchasing power of foreign consumers increases because they can afford foreign goods. The cost of production and manufacturing in foreign countries are lower due to lower wages as regulated by labour laws. As a result, American consumers also shift their demands to foreign goods with same quality yet cheaper. Thus, importation of foreign made goods is economically advantageous to both foreign and American