Efren Mendoza

7
Martin Betia
Llowel Tan
Joseph Mutuc
Rica Enclona
Chris Nick Delos Reyes

Group
Globpro TE003

1. What are the potential costs of adopting a free trade regime? Do you think
governments
should do anything to reduce these costs? What?
- It can provide loss in job opportunities or industries for people around the globe. A
threat for people who lost their job is that, there is a possibility that have a minimal
chance to find another job. Yet, the government has not even helped people to look
for other jobs that are readily available. The government can provide job benefits
programs which people can appreciate something within their job. They can also
provide program assistance in which they can retain their job program. (Efren)
2. Reread the Country Focus feature on moving white collar jobs offshore.
a) Who benefits from outsourcing skilled white collar jobs to developing nations?
Who are
the losers?
- Companies that outsourced jobs can develop employment. However, a company
that outsource jobs can give a more competitive advantage to other countries and
will make a move to stand to gain lower costs. Process of employment can be
groomed in a particular country. Employees / workers can lose their jobs due to high
rates or cost and which can lead to companies to outsource jobs because of lower
costs. (Llowel)
b) Will developing nations like the United States suffer from the loss of high-skilled
and
high-paying jobs to countries like India and China?
- Employment rates will increase over time. Lowered costs can have many benefits
or impacts such as an increase in resources and profit rates. Yes, both developing
countries will suffer because companies with high paying jobs and skills will cause
unemployment rates to increase. (Rica)
c) Is there a difference between transferring high-paying white collar jobs, such as
computer programming and accounting, and low-paying blue collar jobs to
developing
nations? If so, what is the difference, and should government do anything to stop
the
flow of white collar jobs out of the country to countries like India?
- Blue collar will be focused more on transferring labors and capital to transfer to
from a higher rate to a lower rate. I think that the country should bring out jobs to
other countries. In this way, they can still be able to manage people in their work.

They can also keep people employed. They also have another choice to remain if
they are not that affordable and in that way they can still earn profit. (Chris)
3. Drawing upon the new trade theory and Porter's theory of national competitive
advantage,
outline the case for government policies that would build national competitive
advantage in
biotechnology. What kinds of policies would you recommend the government adopt?
Are
these policies at variance with the basic free trade philosophy?
- The kind of policies that we can/ will recommend is to promote and build
competitive advantage/s. It can help regulate the flow of the mindset of the people
who are in for looking a particular philosophy. Policies, regulations can be managed
in to whatever extent they want it to be. Giving out unique sets of attributes and in
this way, a particular country can they pursue whatever they want to have or
whatever they want to do in order for them to succeed and move up from a certain
level. (Martin)
4. The world's poorest countries are at a competitive disadvantage in every sector
of their
economies. They have little to export. They have no capital; their land is of poor
quality; they
often have too many people given available work opportunities; and they are poorly
educated. Free trade cannot possibly be in the interests of such nations! Discuss!
- A participating country can help other countries as well so that both of them can
have an exchange of ideas and help each other to further develop their respective
countries on how they can succeed over these things. Helping countries develop as
part of this will be their positive feedback and change for them. Providing
information and assisting as somewhat youre also training them will be a part of an
education process in the economy sector. Suggestions from other countries can be
one way of giving assistance. (Mutuc)