Economic Relationship Between U.S and China in Regard to Market of Research Paper

Economic Relationship Between U.S and China in Regard to Market of Labor - Research wall melodic theme ExampleThis research paper focuses on the fact that Chinese labor market has influenced both the rescue of China as well and the States. This research paper highlights the importance of the labor market that increases the sustainability of the position nation or the country.The concept of sweatshop is considered in the paper. It argues that the value and the demand of the labor in a particular economy increases with the increase in demand of the goods that are produced by the laborsThe capital and labor both plays an important and crucial role in the economy. The economic interest of the particular nation is based on the concept of tripartite agreement in which the nation or the state is influenced by the capital and labor. Capitalism is also connect with corporatism. The corporatism is considered as the base between the labor and capital. In the economy with favorable and stron g corporate arrangement experiences lower rate of unemploymentAmerica is dependent on China for importing goods related to manufacturing cost in order to reduce its labor wages. It is argued, that Chinese economy will increase the public assistance effect of America in the long run since the decrease in the demand of the American workers in the manufacturing industry will compel them to switch towards other non manufacturing sectors and therefore the welfare gain will enhance in the long run due to labor reallocationLabor mobility across the regions plays an important role in influencing the governing policies and employment benefit of the nations.