Evaluation of Jim Tankersley's Article Through Capitalistic and Globalization Theory: [Essay Example], 565 words GradesFixer
close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Evaluation of Jim Tankersley's Article Through Capitalistic and Globalization Theory

downloadDownload printPrint

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

blank-ico
Download PDF

The article “Trump Just Ripped Up Nafta. Here’s What’s in the New Deal” by Jim Tankersley portrays the new regulations and explores the potential long-term effects of the new United State-Mexico-Canada Agreement (USMCA). Tankersley discusses the U. S. expanding its markets to Canada and Mexico and the risks associated with it. In doing so he makes two contentious claims such that the USMCA will: increase profits for U. S. companies and will cause the shifting of U. S. manufacturing jobs to China. The first claim will be examined through a capitalistic economic approach, such that the fundamental goal of a company is to “make a profit to ensure competitiveness and survival”. The second claim will be analyzed according to globalization theory, taking into consideration the outsourcing of jobs due to high labour costs in North America. Therefore, from the economic and geographical theory found in Sparke’s (2013) and Herod’s (2012) scholarship, suggests that Tankersley’s arguments are convincing. This paper will examine them through the perspectives of capitalistic and globalization theory.

Tankersley suggests that under the USMCA, the US will expand its market to Canada and Mexico, allowing U. S. products to be sold there. He argues it will increase profits for U. S. companies in the long term, but fails to explain the process of how it will happen, which makes this argument less persuasive. However, scholarship on the economic system of capitalism Gregoire Benzakin enforces Tankersley’s argument. For example, Sparke mentions that “a capitalist economy is constantly searching for new markets, to expand and sell their products”, which allows American companies to reach various consumers, thus increasing their profitability. Alternatively, Herod discusses the concept of using spatial geography to increase access to goods via North America’s transportation infrastructure which will create the notion that the U. S. wants to expand into these markets. This scale of expansion can be applied at an international scale to remain competitive with other U. S. companies.

Secondly, Tankersley argues that U. S. jobs could be outsourced to China, as a long-term consequence of the USMCA deal, which states that “75% automobile parts will be manufactured in North America while paying factory workers a $16 hourly wage”. However, Tankersley fails to explore the motivation behind shifting production to China. But based on research found regarding the globalization of the labour market, it makes Tankersley’s argument convincing. For instance, the existing global network of cheap labour allows U. S. companies to shift production to those countries to maximize profits. Mathematically speaking, paying factory workers a high hourly wage will result in high labour costs thus minimizing the company’s profitability, therefore decreasing its chance for survival in the market. Additionally, modern advances in transportation infrastructure and technology make it easier to ship products to the U. S. , thus motivating U. S. companies to shift production to China. Given these points, Tankersley’s arguments present a slight bias towards pro-capitalism but remain convincing.

To conclude, Tankersley claims on the long-term effects of the new USMCA deal were convincing based on Sparke and Herod’s scholarship. Given the U. S. is a capitalist economy, Gregoire Benzakin Tankersley’s bias towards the capitalistic system complements the notion that U. S. companies want to maximize profit, to ensure their survival. As time progress, the long-term effects will depend on the decisions of the U. S. companies, which may impose either a positive or negative impact on society.

infoRemember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism-free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Evaluation of Jim Tankersley’s Article Through Capitalistic and Globalization Theory. (2020, Jun 14). GradesFixer. Retrieved May 13, 2021, from https://gradesfixer.com/free-essay-examples/evaluation-of-the-article-trump-just-ripped-up-nafta-heres-whats-in-the-new-deal-by-jim-tankersley-through-capitalistic-and-globalization-theory/
“Evaluation of Jim Tankersley’s Article Through Capitalistic and Globalization Theory.” GradesFixer, 14 Jun. 2020, gradesfixer.com/free-essay-examples/evaluation-of-the-article-trump-just-ripped-up-nafta-heres-whats-in-the-new-deal-by-jim-tankersley-through-capitalistic-and-globalization-theory/
Evaluation of Jim Tankersley’s Article Through Capitalistic and Globalization Theory. [online]. Available at: <https://gradesfixer.com/free-essay-examples/evaluation-of-the-article-trump-just-ripped-up-nafta-heres-whats-in-the-new-deal-by-jim-tankersley-through-capitalistic-and-globalization-theory/> [Accessed 13 May 2021].
Evaluation of Jim Tankersley’s Article Through Capitalistic and Globalization Theory [Internet]. GradesFixer. 2020 Jun 14 [cited 2021 May 13]. Available from: https://gradesfixer.com/free-essay-examples/evaluation-of-the-article-trump-just-ripped-up-nafta-heres-whats-in-the-new-deal-by-jim-tankersley-through-capitalistic-and-globalization-theory/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer

    GradesFixer.com uses cookies. By continuing we’ll assume you board with our cookie policy.

    exit-popup-close

    Haven't found the right essay?

    Get an expert to write you the one you need!

    exit-popup-print

    Professional writers and researchers

    exit-popup-quotes

    Sources and citation are provided

    exit-popup-clock

    3 hour delivery

    exit-popup-persone