Protectionism in the steel industry in the United States. Does trade protectionism lead to higher prices and massive job losses? - Onditi, David
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Seminar paper from the year 2019 in the subject Business economics - Economic Policy, grade: A+, University of South Australia (McGill), course: International Business, language: English, abstract: The central research question is linked to the implications of protectionism in the steel industry in the US. The hypothesis is that trade protectionism leads to higher prices and massive job losses. The case study design is employed as is allows for the in depth understanding and examination of the steel industry in the US and the implications of the trade policies on the jobs as well as prices.…mehr

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Produktbeschreibung
Seminar paper from the year 2019 in the subject Business economics - Economic Policy, grade: A+, University of South Australia (McGill), course: International Business, language: English, abstract: The central research question is linked to the implications of protectionism in the steel industry in the US. The hypothesis is that trade protectionism leads to higher prices and massive job losses. The case study design is employed as is allows for the in depth understanding and examination of the steel industry in the US and the implications of the trade policies on the jobs as well as prices. The research applied archival research method applying a mixed methodology.The findings of the research indicate that the application of protectionism in the steel sector would harm not only the consumers but the industry being protected. It can be concluded that protectionism has negative implications in terms of higher prices and loss of jobs. The project was restricted by the research design as the use of a single case study limits the comparability and thus the generalizability of the results. The research focused only on the steel industry in the US thus restricting the applications of the findings in other sectors or industries in the US or even the steel industries in other countries. The research implies that trade policies in the US should favor the use of market forces dictated by the principles of the WTO rather than focusing on the nationalism of the economies.The economic nationalism in the United States has risen in the past couple of years, fueled by and fueling the election of President Donald Trump. With the increased call for nationalism of the economies comes the view that protectionism has achieved great success in the history of the United States. However, the calls for greater protectionism ignores the vast amounts of academic analysis and contemporary reporting that indicates that the trade protectionism in the United States has led to immense economic costs on the economy and the American consumers.
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Autorenporträt
A competent expert in Supply Chain Management with notable record in the management of procurement, transport, logistics, imports, exports and business development functions in both domestic-level, regional-level and global level markets. Accomplished at developing organisation growth strategies and plans. I have managed and retained relationships with existing clients/suppliers and increased our supplier base by 450% in one year. I am keen in identifying and mapping business strengths and customer needs for my organisation. MY SKILLS: -e-business/e-procurement systems. -Technical Understanding and Market dynamics. -Project Management and Global trends in SCM. -Contract Negotiation and Management. -Business development, marketing & networking. -In-depth knowledge of products and value proposition. -Strategic planning and management. -Purchasing/Buying/ Commodity acquisition. -ERP/SAP/SAGE/SCM Software. MY STRENGTHS: * Effective coordination *Leadership and teamwork. *Attention to details. *Proper communication Skills. *Goal-focused *Analytics know-how. *Tact and diplomacy. * High degree of personal integrity. * Understanding intercultural diversity/relations. * Multitasking and ability to handle concurrent projects. *I am open to opportunities where I can exploit my abilities, skills and knowledge in performing the given deliverables. Feel free to reach out to via email to onditidavid5@gmail.com or via LinkedIn Inmail.