ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

International Trade and Public Policy and Globalization and Wealth in America

Updated on April 29, 2014

Income inequality measures the gap between individuals or households who make more money in a given country and those who make very little. It is the unequal distribution of household or individual income across the various participants in an economy (Business In the U.S, income inequality increases from 1980 to 2010 (Business

Outsourcing and trade can cause income inequality among nations, individuals, or businesses. For example, the wages of skilled workers have risen faster than the wages of unskilled workers. Trade theory shows that there is a relation between increased trade and increased wage inequalities. For example, let say Spain manufactures goods with skilled labor and unskilled labor. Spain may have advantages in products that are skilled. Other countries may have advantages in products that are unskilled. That can cause a type of inequality among Spain and other nations. Spain can trade its products with other countries in the world. World trade has a positive relationship with exports and imports. That is, if world trade increases, both imports and exports increase, or if world trade decreases, both imports and exports decreases. Imports support domestic consumption, investments, and current production. When imports increase, we have to manufacture more skilled labor goods, which cause an increase in the demand of skilled labor. There is also an increase in terms of buying unskilled labor goods in other international countries. The exchange, buying, or selling of goods and services between countries is known as international trade or world trade. It allows each nation to consume more of another.

Sometimes we use trade restrictions to protect corporations that have employees who are not skilled. We can also try to have an economy with more skilled workers. Workers can work at industries that required skilled labor. That can help them to make more money. The government can try to assist unskilled workers by educating and training them.

Additionally, globalization means that trade between nations become seamless as trade between states, provinces, or city within a given nation. Globalization can lead to better wages, innovation, and cultural exchanges. It can improve the way that people live in this world. There is a difference between globalization and free trade in terms of the degree of integration across nation. That can cause a type of income inequality. Some people are against globalization, saying that businesses face more competition when our boarders are fully open to trade.

In the coming year, we will gain better insights into how international trade and outsourcing affect the wage of skilled workers. But they do affect it somehow. They affect a nation, causing a sort of income inequality among people, skilled workers and unskilled workers, for example. Globalization, which is a type of trade, can lead to better wages among nations or individuals. International trade and outsourcing can also cause a sort of inequality among businesses.

Worked cited Globalization – Background, Rankings and Articles.

Commission proposes new framework for enforcement of international trade rules by

Elena Ralli in neurope.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)