That on balance BRIC has had a positive impact on the United States
Debate Rounds (3)
GDP: Gross domestic product is one of the measures of national income and input for a given country's economy. GDP is defined as the total cost of all finished goods and services produced within the country in a stipulated period of time.
Brazil has a history of high inflation, high interest rates and high import duties which contributed to the bad US economy. Also major drug trafficking occurs from Brazil. Many drug gangs have their origins in Brazil and escape capture their for many years. Recently it took 100 police forces in Brazil to finally capture a mere 35 drug traders. So with people buying drugs from Brazil money is not flowing in the American economy further contributing to America's economic decline. Also Brazil, a Latin American superpower, has been plagued by political corruption and seems to be surrounded by many of the strongest socialistic governments in the word, such as the ones in Venezuela and Bolivia. How can we trade with a corrupt government? This on a international scale makes America seem corrupt itself. Additionally if a government has corruption it can not be trusted so trading with Brazil is and obvious mistake. Furthermore Brazil is also one of the top ten countries America imports oil from. By continue to sell huge amounts of oil to us Brazil is helping in keeping America addicted to oil proving once again that it is detrimental to the United States of America.
Russian diplomacy had been described as secretive and suspicious, untrustworthy, and displaying unusual hostility toward the Western powers. If Russia can not be trusted who is to say that they won't eventually turn on the United States. Therefore Russia has in fact not had a positive impact on the United States. Also newly created domestic industries, as well as struggling domestic industries, have less of a chance of survival because foreign competition has such lower costs. This competition means we will see fewer and fewer new industries developing in the United States.
India, in spite of being a strong democracy for the last 60 years, has had internal conflicts that are based on caste, religion, ethnicity, and language. Its troubled relationship with its nuclear neighbor Pakistan and the militancy in Kashmir continue to distract the government and its resources in that country. If it is too focused on internal conflict or its neighbors it could not possible have time to contribute positively to the United States thereby proving that it can not contribute positively to the United States. Furthermore one of the major problems facing the average American citizen today is job loss. As companies look to cut costs, they continue to look to foreign labor. As these foreign economies continue to grow, the US loses more and more jobs to foreign competition as domestic companies move their factories overseas, looking for reduced costs.
A new study has found that the United States' growing trade deficit with China has had an increasingly negative impact on the U.S. economy, causing job losses that reach into the most technologically advanced industries in the manufacturing sector and affect every state, according to a January 11 press release by the U.S.-China Economic and Security Review Commission (USCC). By effecting America's economy negatively it has impacted America negatively henceforth it had not positively impacted America. Also Dumping has become a factor as many countries import their goods to the United States. As has been suspected recently with China, many countries are continually growing, but in turn often undervalue their currency. US industries are unable to compete with these imports, because they are able to be sold cheaper than it actually costs to produce the product overseas. Because it wants to get max production at the cheapest rate China while producing many common items such as toothbrushes, toy, dolls etcetera, it often does not follow through and do a good job. There have been many reports of lead poisoning from products made in China. Because of this one can see that not is China taking our jobs it is poisoning our people. This is clearly not positive for the United States of America.
All the four BRIC countries: a) are among the top seven largest countries in land area, b) among the top eight most populous countries (accounting for about 40 percent of the world population), c) among the ten biggest economies in terms of GDP purchasing power parity and d) are among the top fourteen biggest economies in terms of nominal GDP. Russia and China are also part of the five permanent members of the U.N. Security Council and the two of them, along with India, possess nuclear capabilities. America owes China 585 billion dollars, Brazil 141.9 billion dollars, Russia 69.7 billion and India 14.2 billions in debt. Predatory trade, especially as practiced by China, has led to more than 3.3 million U.S. manufacturing job losses since the beginning of 2001. China's illegal undervaluing of its currency combined with its peg to the U.S. dollar gives China's manufacturers a substantial competitive advantage over their U.S. competitors. Not only is China's cheating costing U.S. manufacturer's market share, it also is discouraging investment in manufacturing in the United States, and this lack of investment is contributing to weakness of the U.S. economy. Furthermore China remains a communist country, while Russia is slowly crawling out of its communist USSR past. Each one of the G7 countries is a matured democracy with free press, free elections, and the guarantee of free speech. Some of the BRIC countries have a long way to go in assuring these freedoms and a lack of these freedoms will be detrimental to the world population. So as one can see BRIC had not positively impacted the United States and in some case negatively impacted it. I would also like to add that the US is unable to diversify its economy. As foreign economies expand and begin to dominate many of the markets for goods and services, the US is unable to diversify what it produces. Right now, the majority of US exports come from agriculture and computer technologies. The market for agriculture is unreliable because changes in weather patterns and such can have dramatic repercussions on agricultural output. Computer technology is relatively expensive, with fairly elastic demand. This means that computer technology has a relatively low demand throughout the world. Because the market for cheaper products is dominated by foreign competition, the US is left with these as its main output. This lacks diversity, which also does not benefit trade. Additionally because of job losses to countries such as India and China, countries selling cheap poorly done unchecked products, and with countries taking over previously U.S.A. dominated industries these factors combine to the lowering of the overall GDP of America. As imports from these foreign countries increase, GDP is lowered. Also, as more and more US companies move overseas, there is less business investment in the US. This as I stated before lowers GDP having a negative impact on the United States of America. That is why I urge negation of this resolution.
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Vote Placed by CHS 8 years ago
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