Chinese Cheap Labor And Unemployment In Europe Countries Research Paper

Chinese Cheap Labor And Unemployment In Europe Countries - Research Paper ExampleMany westerly and European production oriented companies started reducing their operations in their native countries thus resulting in job cuts. As this trend continues unabated, concerns of increasing unemployment figures are be expressed by analysts. Countries like the US, UK, and Germany are considered to be the ones from where multinational companies guard moved their operations eastward. It is widely believed that opening of economic policies results in mutual benefits for the handicraft nations, but when it is felt that jobs are being taken away from one country and handed over to another country, then it gives rise to a particular(a) social sector problem. The United States of America recently saw a political campaign, during which outsourcing and increasing unemployment figures were big issues. Therefore, it becomes all the more necessary for the US presidential term to get to the depth of the issue and try to figure out an acceptable solution. If we take a look at look at the figures of US great deal with China during the last 10 years (during the period 1999-2008), we find that the trade deficit has indeed widened between in favor of China (US Census Bureau, 2009). It is thence quite clear that while on the one hand, the Chinese dominance is increasing by leaps and bounds in the US market, the US exports to China have not been able to match the import figures. In fact, today China has literally become a talking point at all internationalist forum. Besides some of the issues involving human rights, Tibet, Taiwan etc. the rapid progress made by the country on the trade and industry front has provided a leading edge to China. Supplies of cheaper goods to countries around the world, hazardous paints in toys etc. are also being discussed as the shortcomings arising out of China in the recent past.