While campaigning, politicians tend to adopt anti-international business positions that are theoretically unsound and lack empirical evidence.
Four fallacies underline these common political arguments: Fallacy 1: Manufacturing jobs are the basis of American prosperity. Fallacy 3: Success of foreign firms always helps foreign countries, success of US firms always helps the US economy.
As a writer, you should avoid these logical errors in your own writing, and watch for them in the opinions and arguments of others—especially when you are doing research.
Common fallacies include: Ideological reasoning is the use of cultural, religious, or moral values and beliefs to prove a position.
Gaur and Mudambi urge politicians to reject the fallacies and citizens to make informed decisions before voting.
– Yale Global NEWARK, PHILADELPHIA: Trade typically figures prominently in US presidential election, and 2016 is no exception.
This was due to increased use of heavy machinery and automation, and a simultaneous migration of labor from the farm sector to the manufacturing and service sectors.
Furthermore, all major industrialized nations have experienced job losses in the manufacturing sector.
Trade – along with the accompanying fears over foreign competition, job loss and reduced wages – is a hot issue for the US presidential campaign and elections elsewhere.
Ajai Gaur and Ram Mudambi, professors of international business strategy at Rutgers University and Temple University, analyze four fallacies associated with trade, globalization and manufacturing in advanced economies.