1. Discuss the implications of ‘Made in America’ on American consumers and workers. 2. what are...
1. Discuss the implications of ‘Made in America’ on American consumers and workers.
2. what are the implications of ‘Made in America’ on the U.S. economy? On the economy of other countries?
Homework Answers
This statement related to the economic self-sufficiency of the economy. The " Made In America:" refers to the encouragement of the domestic production of the goods, and income remains in the hands of countrymen. This argument is purely based on nationalist sense and indirectly supports protectionist policies.
The following are the implication of the policy on other countries.
- Tarif on other countries goods
- The cheap labor migration is reduced
- The income of the countries increases
- The BOP and problems are reduced.
These are the some of the implications of the "Made In America" policy, however, the country is benefited in Free trad than the Protectionist policies.
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