Trade Equilibrium, Jobs, & Stimulus

As long as the U.S. continues to have huge trade deficits, the American jobs would continue to be off-shored and no net new jobs can be created. Spending billions of American stimulus dollars would end up stimulating foreign economies. It would be like taking wealth from the American workers and giving it to their foreign counterpart. Traditional techniques such as tax cuts for the rich (fiscal policies), lower interest rates (monetary policies), and “buy American” (patriotic appeals) have failed to solve the problems. In order to spur its economy and jobs, the U.S. “must” adopt, as its “mission,” bringing parity between its imports and exports. Secondly, it must help its trading partners understand the benefits of using their surplus American dollars to buy American products. The “Trade Equilibrium” so established would help multiply trade between countries, increase corporate profits, and create jobs

Futility of Stimulus Funds in the Middle of Huge Trade Deficits

The U. S. is facing an unprecedented environment of increasing unemployment, declining income, disappearing middleclass, and mounting trade deficit (about $731 billion in 2007). The government is providing stimulus funds to a selected number of organizations to help solve these problems. However, as long as the country continues to have huge trade deficits, these stimulus efforts may not help much, if at all. They may even worsen the economic situation. This could happen if the banking, insurance, construction, transportation, and other companies—receiving the stimulus funds—would offshore part of their production activities. Several American firms send certain number of jobs abroad on a regular basis. To continue to do so in the current tougher times would be only natural. There is no condition in the stimulus packages that would keep them from doing so. “Buy American” slogans may not much help persuade American consumers to buy the American products when, instead, they can go for the less expensive products made abroad

Trade Equilibrium, Trade Deficits, and Jobs

The U.S. sacrifices about ten full time jobs for each million dollars of net imports of goods and services. Its billions of dollars in trade deficit is the primary reason behind its millions of job losses. Loss of jobs, in turn, decreases income, demand, investment, and tax revenues. Budget deficits enlarge and programs of public and social care are curtailed. “Trade Equilibrium,” naturally, is the principal solution. In the short term it will put a stop on additional jobs exports. Over the years, it will also create net new jobs. There is no other long lasting practical way out of this mess (including the oft suggested ideas such as stimulus funds, dollar devaluation, yuan revaluation, education in math and sciences, and reduced interest rates) as long as the American consumers continue to buy more goods and services from foreign countries; and as long as the American corporations continue to transfer more production facilities abroad—which in turn continue to create the nation’s massive trade deficit The author puts forward some thoughts and recommendations to move towards the state of Trade Equilibrium

Design Considerations for Incorporating Flexible Workflow and Multi-AgentInteractions in Agent Societies

In this paper, we present our conception of a Flexible Agent Society (FAS), an extension of the Contractual Agent Society (CAS) idea. Essentially, a FAS is a distributed information system modeling an agent society, providing agents with the ability to collaborate in order to meet certain common goals. In a FAS, unlike the CAS, the agents themselves have control over the workflow processesand multi-agent conversations that they need to execute in order to meet their common goals

Relationship Between Students’ Grades and School Year and Their Intention for Entrepreneurship: Some Pioneering Findings

This is the first study of its kind to explore the relationship between students’ year of education and their intention to start a business once they have completed their undergraduate studies. The article also examines students’ cumulative grade point average and their intention to start a business once they have completed their undergraduate studies.These pioneering findings are based on an extensive title review (including their summaries) of hundreds of articles related to these factors listed in EBSCO