Economic issues in California; Research paper

1) Statement of the Problem, i.e. Problem Analysis – Engage in an in-depth analysis of a problem or Conflict which he/she observes and/or has experienced with public institutions. While the student may focus on an issue in the local, state or national setting, the student is especially encouraged to explore a policy or administrative issue he/she is directly engaged in through their work/professional environment;

2) Review of Literature – The paper should then include a review of relevant literature which helps “inform” the student and the reader on (a) how others have sought to define and explain similar problems, and/or, (b) what can be learned/borrowed from others who have sought to develop and recommend solutions to similar problem in the public affairs arena. NOTE: The student should search and properly cite at least 3 “scholarly/refereed sources,” i.e. USE LIBRARY-BASED” RESEARCH, do not rely on OPEN internet sources “non-refereed” sources.

3) Recommendations/Proposed Solution Strategy – Offer detailed conclusions and proposal of a possible solution strategy(ies).

Paper

FOREIGN TRADE ISSUES IN CALIFORNIA’S ECONOMIC GROWTH

Introduction

Global trade is definitely of utmost significance to any country’s economy let alone that of California.  Estimates point out that California exports, as a share of all goods and services produced and exported from the USA have decreased from 11.4% in 2009 to11.2% in 2010. This translates to a total decline in from 144,806 Million dollars in 2008 to 143,269 Million during the year 2010.  In addition, trade through California’s ports has dropped dramatically during the last few years.

 

High-technology sectors such as aircrafts, computers, instruments and electronics represent more than 70% of all products exported by California producers. Processed foods together with agricultural products take the second place with about 10% share. Foreign trade is also fundamental to some of California’s main service sectors, like the film industry and tourism. Very scanty data is reported on the state’s imports but the overall U.S.A data indicates that California’s import record spans widely from computer and electronic hardware to textiles.

 

This research paper analyses the different causes and effects of foreign trade on California’s economy. Conceptually, it is expected that declining exports would hurt California’s economy since trade exports generally increase the output and employment in the manufacturing industries. The paper also investigates beyond the direct effects (such as job creation) and focuses on some collateral effects such as indirect consequences of foreign trade in sectors like the computer and food processing industries….

 

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