Archive for International trade

An Economist Viewpoint on the Trans-Pacific Partnership [From a Family Perspective]

My Dearest Wife:

Today I need to tell you some good news and some bad news.  I decided to tell you the bad news first because when I tell you the good news you will understand the bad news isn’t all that bad.  However, before I start it is best to remember our journey together and what we achieved with our lives as a couple and family.

calc-for-business-and-economicsWho ever thought when I first met you in college we would be married.  I needed tutoring in calculus and you were a math major.  We both went on from college and achieved our professional goals.  You become an actuary and I become an economists.  I cannot thank you enough for supporting me while I pursued my PhD in Economics.

We then focused our attention on raising two beautiful children, gave them emotional and financial support to help them achieve their passions.  Read More →

How Mentoring Helps Tradeable Service Labor

mentoringAn advanced industrialized nation’s labor force disparity with global tradeable services can become more favorable if mentoring is adapted and recognized as a competitive advantage.

In the global labor force a computer programmer with 10+ years’ experience is equal in abilities. However, only the advanced industrialized nations have many computer programmers with 35+ years’ experience.  That holds true in many tradeable service sector industries. Read More →

The Negative Effects of a World Labor Force

Having foreign labor support domestic economies tremendously affects a country’s domestic labor force.  The obvious is when a major corporation moves operational services to another country. laptop_worldwide_connected_5154However, it is not just the major corporation doing this it is every business large and small.

A simple analysis is a web portal odesk.com the world’s largest freelance community of labor services from people all over the world. The extent of services offered covers more than 60 different categories ranging from web design to all forms of business services.

Some people might say this is a good thing.  A small business owner can find resources to help his/her business grow Read More →