China vs U.S. Essay
The U.S. and China are two different countries and have a lot that are not in common. In this you will learn some reasons why U.S. companies have goods produced in China and reasons China chooses to produce goods for U.S. companies, how U.S. companies get goods produced in China, how offshoring impacts the domestic economy, what problems U.S. will encounter with goods produced in China, comparison of the U.S. and China workforces and how quality issues with goods produced in China could be addressed.
First of all, why do U.S. companies have goods produced in China and why does China choose to produce for the U.S.? China buys stuff from the U.S. because we have lots of technology and equipment to produce the goods. China
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companies get goods produced in china? U.S. gets their goods produced in china because they are all about quality, price, and delivery time. China makes their goods with good quality, care, and has the goods delivered on time back to the companies.
How does offshoring impacts the domestic economy? U.S. firms can create more domestic employment in other stages of production. Offshoring is the result of a foreign country ability to produce a good or provide a service at a lower cost than a domestic firm. Offshoring, the practice of moving specific operational tasks originally performed in one country to a new location abroad, is just another form of trade in goods and services, says “UB economics professor Winston Chang.”
What problems will the U.S. encounter with goods produced in China? The U.S. will have to go through other foreign countries trying to do investment restrictions. There will be chinese companies competing to do the work for the U.S. which will result in fights and high payouts the U.S. will have to pay. If a problem goes wrong while the product is being made chinese human labor will blame the U.S. for what ever happened while making the product. The only way they could prevent this is if they sign the right kind of contracts and things