StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The role of businesses/industries in determining Americas domestic and international policies - Essay Example

Cite this document
Summary
Business and industries have major influence in formulating America’s internal and external policies. In fact most of the members of America’s policy making body Congress, accept huge amount of money from business men for their election expenses…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.4% of users find it useful
The role of businesses/industries in determining Americas domestic and international policies
Read Text Preview

Extract of sample "The role of businesses/industries in determining Americas domestic and international policies"

oaf The role of businesses/industries in determining America’s domestic and international policies Business and industries have major influence in formulating America’s internal and external policies. In fact most of the members of America’s policy making body Congress, accept huge amount of money from business men for their election expenses. In return to the money accepted from business, Congressmen forced to safeguard the interests of business and industries (Lobbying), while determining America’s domestic and international policies.

This paper analyses what should be the role of industries and organizations in determining America’s internal and external policies. President Obama has recently said that "the key to job creation is to encourage companies to invest more in America. But for years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries" (Mishra). Currently, many of the American companies are outsourcing their business to India like countries in order to maximize their profits.

Cheap labor cost in overseas countries is the major reason why American companies are very much interested in outsourcing their jobs. It is a fact that American companies are making billions of profits as a result of this revolutionary business concept. At the same time, it should be noted that America’s capital is slowly flowing out of America which is not good for American economic growth. Obama is trying hard to reduce the volume of outsourcing works from America because of the above awareness.

He knows that in the long run, outsourcing may adversely affect America’s interests. However, business people have significant influence in the policy making bodies and they are defeating Obama’s efforts to reduce or prohibit outsourcing jobs with the help of Congressmen. Business people are always interested in profit making and they may not bother much about the future of America while forcing the government to make policies suitable to conserve their interests. It is a fact that current economic or business climate in America is not so good which forces business and industries to look for options in overseas countries.

At the same time, they should realize that when they force American government to make internal and external policies in favor of them for gaining temporary advantages, America’s long term interests should not be sacrificed. Politics is now an economic strategy along with price, quality, innovation, marketing, and service. Few American companies give attention to this sixth dimension of competition-fewer than 30 percent of the 150 largest U.S. corporations try to affect their government’s international trade and economic policies, and virtually none address the trade and economic policies of the foreign countries where they operate (Agents of Influence) International business or cross cultural business is growing day by day because of globalization.

Many of the American companies are currently operating internationally in order to exploit the favorable business climate abroad. These companies are forcing American government to make policies suitable for boosting international trade activities. For example, recently president Obama visited emerging country India, in order to canvass business for American companies. Earlier, America’s foreign policies were more biased towards Pakistan; however, American companies realized the business potential in India and forced American politicians to make certain changes in America’s foreign policies towards India.

Thus the nuclear embargo enforced upon India earlier has been removed in order to satisfy India and to increase the bilateral cooperation. President Obama’s visit to India helped American companies to earn business worth billions from India. It is a fact that increased economic cooperation between India and America is currently necessary for American companies to sell their products in India. However, American companies are not much worried about the trade and economic policies of India. In fact American administration should analyze these things critically before increasing economic tie up with India like foreign countries.

The administration should make sure that any economic or trade agreements reached with overseas countries should never cause any harm to America’s interests. To conclude, America’s internal and external policies are currently controlled by the business groups or industrial organizations. These business groups are more interested in safeguarding their interests rather than the interests of the country. The administration should make sure that the country’s interests should never be sacrificed even if the business groups exert enormous pressure while making the internal and external policies.

Congressmen, who accepts huge amounts from business for their election campaign expenses, should give priority to the interests of the country first and then only they should think about the interests of the lobbying groups. Works Cited 1. “Agents of Influence”. Web. 31 May 2011. 2. Mishra, Pankaj. “Obama Raises Pitch Against Outsourcing”. Web. 31 May 2011.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The role of businesses/industries in determining Americas domestic and Essay”, n.d.)
Retrieved from https://studentshare.org/business/1424091-the-role-of-businessesindustries-in-determining-americas-domestic-and-international-policies
(The Role of businesses/Industries in Determining Americas Domestic and Essay)
https://studentshare.org/business/1424091-the-role-of-businessesindustries-in-determining-americas-domestic-and-international-policies.
“The Role of businesses/Industries in Determining Americas Domestic and Essay”, n.d. https://studentshare.org/business/1424091-the-role-of-businessesindustries-in-determining-americas-domestic-and-international-policies.
  • Cited: 0 times

CHECK THESE SAMPLES OF The role of businesses/industries in determining Americas domestic and international policies

International Business as Business between Countries

For example, there are some people who may argue, since domestic business is in certain territories or countries, then in countries with state government systems, the individual states experience both domestic and international trade in some way.... Use of the terms domestic business and international business has been very confusing to some people in some scenarios.... Each state has its own governing body that is responsible for drafting and passing policies....
13 Pages (3250 words) Essay

Globalization and Global Warming

… How Globalization has strengthened the Hands of Businesses over industries in Developing Nations to the Failure of Environmental Policies on Global Warming ... This work looks at the intricate relationship that globalization has in strengthening the hands of businesses over industries in developing nations to the failure of environmental policies to keep up with the challenges of global warming.... The extent to which the industry has control over the activities of businesses under it is curtailed and limited....
8 Pages (2000 words) Essay

Competitiveness in the International Electronics Industry

In focusing, I will be assessing the role of technology, the market distortions and the nonmarket facts.... Assistance with both local and international supply sourcing issues including possible common import purchasing and horizontal integration for inputs such as fabricated metals and moldings.... In addition, the encouragement of domestic and foreign investment in critical local suppliers in such areas such as sheet metal fabrication, printed circuit boards, transformers, and general electronic component distribution (Morri 9)....
15 Pages (3750 words) Essay

America's response to the Flat World

In these kinds of agreements, this will help level the international playing field and encourage foreign governments to adopt open and transparent rule making procedures, as well as non-discriminatory laws and regulations (McMahon, 2006).... elated to this, international trade is an integral part of the U.... gross domestic product and supporting more than 12 million U.... The research "americas response to the flat world" in very many details represents the United State's economy and infrastructure history, factors of its influence, its relations with other countries around the world and relations with the all-world-state....
14 Pages (3500 words) Case Study

International Outsourcing of Clothing Industry

The dissertation explores different aspects of international outsourcing of clothing industry while keeping the main emphasis on the clothing industry of USA.... In this regard, the dissertation presents an overview of the international clothing industry.... hellip; The dissertation not only portrays the overview of international and American clothing industries but also studies that what is international outsourcing and how can it make some impacts on the industries....
38 Pages (9500 words) Dissertation

Power of Multinational

The company was selected in this study of how… l business enterprises exercise political power by influencing the domestic and foreign policy of nations, that of America and other nations over which it exercises its role as a global superpower. ... This paper investigates the company's rise to power, the perceived role of Mr.... his research paper looks at how a formerly obscure oil company rose to prominence in the past decade, investigates the role played by its former CEO who happens to be the incumbent Vice President of the United States of...
12 Pages (3000 words) Essay

The Effectiveness of Malaysia and South Korea's Economic Development Strategies

lthough the governments of the nation states that make up the so-called Asian Tigers had in fact originally acted independently of each other, the economic policies they pursued led to strong, even dynamic economic growth.... Compare Malaysia and South Koreas economic development strategies and their outcomes after 70s when they started approaching Export Oriented Industrialization (EOI)....
14 Pages (3500 words) Essay

International Management

The work illustrates the opposite: China takes care of its domestic and foreign policies without any interference from other countries.... India is also a sovereign state, formulating and implementing its domestic policies without interference from other states, and, therefore, notion of globalization eroding the much valued state sovereignty is uncalled for.... The USA, China, and India encourage their institutions to engage in foreign trade benefiting from the international commerce....
5 Pages (1250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us