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Assume that in a recent State of the UnionAddress, the Presi

    Assume that in a recent State of the UnionAddress, the President of the United States announced the formation of the’National Export Initiative,’ which is an important endeavor that isnecessary for long-term, sustainable economic growth for the country. Thepresident’s goal is to double exports within 5 years, which should reduceunemployment by adding 2 million jobs.This is the first time in history that theUnited States has put a real focus on government-wide export promotion.Since then, the president has signed anexecutive order that formed the ‘Export Promotion Cabinet’ within thepresidential administration. The Department of Commerce is an important playerin this initiative, and it is charged with making sure that U.S. businesses canactively participate in international markets by increasing their exports ofgoods, services, and agricultural products.Part 1If you were a member of the cabinet, what wouldyou do to achieve these goals?Address the following in 1,000–1,250 words:· Increase exports of small and medium-sized businesses.o  What kindof programs should be put in place to improve information?o  What kindof technical assistance should be given to first-time exporters?§  Whatkinds of education do first time-exporters need to do business overseas?o  How canthe government assist these exporters with new opportunities in internationalmarkets?· What other kinds of assistance can the government give?· How can consumers help?· How can the banks help?o  What doesthe export-import bank do?· What macroeconomic policies would be helpful?o  Shouldthe Fed involve itself more in the foreign exchange rate?o  Shouldinterest rates remain low?· How do you reduce barriers to trade? What issues do you think willcome up in new markets with old trade barriers and enforcement of current tradeagreements?· How does all this achieve the president’s objective of reducingunemployment and increasing gross domestic product (GDP)?· Are there any risks to U.S. fiscal, monetary, or trade policies?Part 2Part of a business strategy that you areconsidering involves the reduction of labor and material costs. Your chieffinancial officer (CFO) suggested doing some of the manufacturing overseas. Theconcerns in moving some of your manufacturing offshore may be that you achievelower costs of production but lose quality control (a trademark of your brand)and perhaps even reduce morale in your company by laying off those workerswhose jobs will be performed overseas. These are serious issues. You asked yourCFO to outline the benefits and disadvantages of doing so in regard to yourrelationship with your employees, balance sheet, quality, and service.Explain 3 additional benefits and 3 additionaldisadvantages that would concern you and the economy, and answer the followingquestions in 500–750 words:· What would you conclude?· Is there something else you can do with those employees that youwould be laying off?Part 3In your quest to understand how your employeeswould be affected by any of the decisions that you are going to make, you alsorealize that your labor costs may not be the real source of your balance sheetproblems. After all, you are manufacturing in a region that attracts manyimmigrants, which because of an increase in the labor pool actually keeps yourlabor costs relatively low. This sparked the question about why Americanscontinue to be concerned about immigration policy and what the debate is about.You want to know more.Explain the following in 500–750words:· What effect does immigration have on wages?· Does immigration help or hurt a country’s output?· What are the advantages of immigration?· What are the disadvantages of immigration?· What are some of the current political and economic issuesregarding immigration?· What is the debate surrounding the Dream Act?

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