How has Nucor been affected by Global competition (Globalization)? Is it a level, competitive playing field around the world that is free and fair for all competitors? Please provide an analysis of US...
How has Nucor been affected by Global competition (Globalization)? Is it a level, competitive playing field around the world that is free and fair for all competitors? Please provide an analysis of US Government actions to support the steel industry
Homework Answers
There has been new players emerging which has made competition difficult for US steel industry.US has faced competition with japan ,Korea, India , Brazil ,Mexico.The number of countries producing steel has gone up.Marketing and technological innovations have contributed to this.US could not adjust to competition by korea and japan.
The last few decades has not only seen global steel production rising but also the rising share of developing countries in steel production.There was restructuring of the steel industry.All round development have altered competitive positioning of the nations.With technology and trade there has been global relocation of the industry.
US government has introduced tariff to protect steel industry.Tariffs in the form of higher prices may be passed to producers and consumers.Tariiffs will increase the cost of materials and reduce private sector output.Government will get more revenue as imports enter domestic market.Because of tariffs on imported steel , the industry got protection.
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How has Nucor been affected by Global competition (Globalization)? Is it a level, competitive playing field around the world that is free and fair for all competitors? Please provide an analysis of US...
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Hi cam you help me make a summary about this short article, and
how it affects me economically as US citizen?
Trump Has Promised to Bring Jobs Back. His Tariffs
Threaten to Send Them Away.
By Peter S.
Goodman
Jan. 6, 2019
HOLLAND,
Mich. — Plants in every direction shut down and moved their
operations to Mexico, succumbing to the relentless pressure to cut
costs in an age of globalization. Not EBW Electronics. As the
decades passed, the family-owned business...
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the public interest; (b) in the public interest?
2. Being locked in to a product or technology is only
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such a case?
etwork effects Microsoft is a vertically integrated
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