For this assignment, read the article in Chapter 19, page 661 titled, President Obama, Nike, and Free Trade
When you have completed reading the article, answer the below questions. Answer the questions in your own words with a minimum of 400 words or 1 – 2 pages in length. You must use at least two credible sources (you may use your textbook as one of your sources). APA formatting is required when citing your sources.
In the 1930’s, there were nearly 2,000 shoe factories in the United States, employing more than 275,000 workers. Today, 99 percent of shoes sold in the United States are made overseas, and U.S. shoe factories employ fewer than 15,000 workers. Discuss how might this be a good thing for American workers?
The Obama administration argued that the TPP will “unlock opportunities for American manufacturers, workers, service providers, farmers, and ranchers—to support job creation and wage growth.” Explain how this could be a true statement?
The AFL-CIO, a labor union organization, argued, “Unfortunately, it is becoming clear the TPP will not create jobs, protect the environment and ensure safe imports.” Explain what is meant by this statement.
Does eliminating restrictions on international trade help workers and consumers in the United States, or does it hurt them? Discuss.
President Trump has subsequently withdrawn the US from the TPP Agreement. What were his reasons for doing so? Compare those reasons to Obama’s argument for joining TPP. What is your opinion of who’s right? Defend your position with economic reasoning?