can you name a market in the USA that is suffering due to globalization and why? Do you think it is beneficial for the U...
can you name a market in the USA that is suffering due to globalization and why? Do you think it is beneficial for the US to regain this industry?
Homework Answers
Automobile industry in the US is suffering due to globalization because the regions of the US which use to be a greater car manufacturer are now unemployed and relatively poor.
No, it will not be beneficial for the US to regain the industry because then US will have to divert considerable to revive the industry that will not succeed in the present economic condition, there are higher wages and higher price of the resources that will make the end product very costly and demand with consumer surplus will fall.
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