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S. dollar will affect European markets and competitiveness with China, a main exporter to Western Europe at this time.
The conditions within the steel market in particular have been reported as declining for several years, but there is some evidence which suggests a change is occurring within the industry (Triplett, 2003). There is some evidence which suggests that domestic distributors might actually benefit from the weakening of the U.S. dollar, in fact it might enable further economic recovery (Triplett, 2003).
This study will seek to determine whether or not theses statements are valid, in order to determine the best possible avenue Europeans can take to remain competitive and U.S. manufacturers can take to help facilitate a more productive economy.
Methodology
The researcher intends to conduct a qualitative study of the literature currently available with regard to the economy and the U.S. dollar vs. The European euro. The intent will be to develop a well thought out and grounded theory that explains the exact relationship between the U.S. dollar and the European market for metals. Specifically the researcher will attempt to determine what if any action is necessary to help boost the U.S. economy and stimulate a more productive metal industry. Studies suggest that the metal industry has been in decline for a number of years. This study will attempt to determine what action need be taken if any to reverse this trend.
In addition the researcher intends to examine closely one corporation within the metal industry that operates on a global level. The intent will be a case study synopsis of the companies successes and failures as well as experience within...
Careful attention will be made to assess the extent to which the weakened U.S. dollar has impacted the European market.
Conclusions/Recommendations
The aim of this research study is a qualitative approach to examining the impact the weakened U.S. dollar has had on European products, with a secondary analysis of the impact of the weakened dollar with competitiveness related to China. Based on the preliminary synopsis of the literature available it appears that the weakened U.S. dollar is actually benefiting the Western market in some ways. There is evidence suggesting that global economies and suppliers might be benefiting (Triplett, 2003).
As a whole however the metal industry is in a state of chaos and decline. The intent of this study will be in part to help determine effective methods for increasing the efficiency and productivity of the metal industry both in the United States and Europe. An exploratory study will enable the researcher to provide grounded conclusions based on scientific principles with regard to the impact the U.S. dollar has on European products.
References
Alhonen, M. (2003). "Teknologicateollisuus." Technology Industries of Finland.
Retrieved March 4, 2005: http://www.teknologiateollisuus.fi/english/index.php?m=8&s=1&news_id=8
"Hydro Aluminium." (2004). Retrieved March 5, 2005: http://www.hydro.com/en/investor_relations/financial_rep/2004_q4/aluminium.html
Triplet, T. (2004). "Overcapacity, Imports put a strain on stainless." July, 2003. Retrieved March 6, 2005: http://www.metalcenternews.com/2003/July/mcn0307f2Stainless.htm
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