This analysis is based on the articles “Mr. Trump's Trade War” by Douglas A. Irwin and “The Four Mistakes of Trade Globalization.” First, I'll summarize “Mr. Trump’s Trade War” and then I will summarize “The Four Fallacies of Trade Globalization” to compare and contrast the two articles and then support them with a third article, “Trashing Mexico, Trump Hurts the US” by Robert B. Zoellick. All three articles have something in common which is trade, the first article focuses on Trump's idea of trade, the second article focuses on mistakes on trade and the third article focuses on how Trump's idea of trade Trump combined with the mistakes of trade and globalization will both harm the United States Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay “Mr. Trump's Trade War” by Douglas A. Irwin, published on December 15, 2017, focuses on three key points. First, Irwin begins by stating Trump's point of view or idea towards foreign trade and the resulting lack of reciprocity. Trump wants to deal with each individual country instead of respecting foreign trade rules. He highlights how Trump's idea has already been tried in the past and has never worked Adam Smith, argue that to achieve a trade balance what matters is reciprocity. Secondly, the author highlights when the United States gained independence and how changing the rules on trade agreements was the only approach that it worked. Finally, the author concludes “Mr. Trump's trade war” disagrees with the president of the United States consequently intends to manage the trade. The president's ideas are really important because they fundamentally represent the country, and according to Irwin's article, Trump is pushing the country into a bad reputation, thus making it vulnerable to a situation where no country would want to share any trade deal. Four Fallacies about Trade and Globalization” by Ajai Gaur and Ram Mudambi, published on December 27, 2016, focuses on four fundamental points, which are the four fallacies about trade and globalization, as the title of the article mentions. The four fallacies that underline these common policy arguments are: • Manufacturing jobs are the foundation of American prosperity. • Imports make us poorer. • The success of foreign companies always helps foreign countries, the success of US companies always helps the US economy. • Export, companies must sell to buyers in foreign countries. The first thing the authors basically say is that not having to produce means that the country has improved its economy by creating the opportunity to become a service-providing nation. Second, they explain how this is a mistake because deficits caused by imports do not measure economic growth. Finally, the authors highlight the misconception that exports only occur between firms that sell a product directly to foreign firms, but in reality other firms or businesses within the country contribute to the production of x item or product that will later be exported . Ajai Gaur and Ram Mudambi are both professors of international business strategy at Rutgers University and Temple University and in their article, analyzing the four fallacies associated with trade, globalization and manufacturing..
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