Wednesday, January 4, 2012
Triple bottom line
My research project will be able to benefit the community by creating more employment and thus people who previously did not have a job or needed another job will benefit from one. The main goal of this research project is not just to highlight three important aspects in recession (exports, imports and unemployment) but also be able to include an end product which satisfies all three subjects. In order for the economy to stabilize and not be in a recession the United States would need to export more goods than imports. In order for this to happen more business that supply what is being imported will need to be created. My end product is to create such businesses start off locally and gradually progress. With this solution in mind we can set certain standards that will help the economy circulate more income, raised Gross domestic product and decrease unemployment. Taking these points into effect we can evaluate the end product or provide theories that could ease the burden of recession; such as opening a corporate business that will manufacture some of leading imports into our country.
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The reason that companies outsource to 3rd world countries is lower wages. There are added costs of shipping, training unskilled workers, remote management and bribes. You would have to help companies produce more efficiently here in America.
ReplyDeleteSo what I could do instead is add that in addition to establishing new companies I could also come up with better working methods for the already existing companies.
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