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The Buy American Act gives more incentive to build and buy from American manufacturers. This actually eliminates competition from the international market, and provides more opportunity to domestic manufacturers.
The fact that all the required materials cannot be manufactured in the same country is due to various factors. In this case, one cannot use the same technology which is essential for manufacturing the product in other country. This results in the import of the required materials like engines, technology, and any other patented parts. In this case the U. S, and the domestic manufacturer would not get an opportunity to grow and develop.
This paved a new way for American companies to develop, learn and invent new technology which will make the country a world leader. This Act does not completely deprive the US manufacturers from using the best technology or materials from other countries. This motivates the American manufacturers to upgrade their products in order to implement the foreign technology, and to use the best materials, and parts in their produced products. This has a two way benefits; the American company will be aware of the best part or technology available and this will make them equipped in using the products in a more advantageous manner.
This helps in making U. This enables the manufacturers to be more competitive as the best quality products are imported and the best technology of our own country is being added together in order to get the best end product.
This gives fair opportunity to all the domestic players. This act has made the U. This has paved the way for the Remote Control Unlimited to be in worlds top ranking builders of the drone navigation systems. Buy American Requirements are contradictory to a capitalistic ethos From the above discussion it is clear that the main motive for the Buy American Requirement is to develop products in our own country and the public should be benefiting only from the domestic products.
The capitalistic ethos does not have any underlying base value except for creating money and will do anything for creating more money. This can be clearly understood with an example. For instance, if the US federal government did not pass the Buy American Act and encourage capitalism, then more international players would have established businesses in U. They would have played a significant role in the production of navigation systems sold in this country, and enabling them to earn more profit.
In this case, there would have been more chances for the government to buy better quality products at a lower price, which would have then reduced the amount of the budget available to U. Otherwise, the majority of the product would be imported which is more cost effective than manufacturing them, and would have set up the manufacturing units in those countries where the cost of labor would be less.
But this is not followed by the government. According Buy American requirements, the American company should play a significant role in manufacturing. Government is ready and willing to spend more by implementing these values, they are not concerned only about cost saving.
This act has this fundamental value which is not present in the capitalism ethos. Similarly, this Act encouraged more domestic players to upgrade and provide more employment opportunities.
The next important difference is that, this act encourages importing, but does not encourage being dependent entirely on the foreign products, even though they are cheaper. Similarly, irrespective of the cheap labor available across the globe, this Act wanted only the local Americans to work in the manufacturing plants that are located only in America for their dealings, which is totally against the capitalist ethos.
The main fundamental difference is the underlying value which formed the basis of this act and which is absent in the capitalism ethos. Mere greedy about creating money is not the fundamental value of this act. Because the capitalistic system was not allowed to crop up, currently the U. This can be viewed as an advantage from one aspect because; this provision will enable the manufacturer to use the best quality product, and will be in the position to keep a check on the cost of the products, which will reduce the budget burden of the government.
But the negative side of this exception is that, this waiver can be misused for the personal profits of the company. If in case, all the companies who are manufacturing the navigation systems have decided to decrease their costs and to increase their profit by making a proposal for import of materials from a foreign country, then it will totally eradicate the main purpose of the Buy American requirement.
There are more gaps which companies can use to make unreal proposals to earn more profits. Thus, it cannot be totally concluded to be good or bad, as it depends upon the company using the waiver and the purpose of using such waivers. The main advantage of this act is that it enables America to maintain its industrial base in the navigation industry. In Remote Control Unlimited navigation systems which are being used for the defense industry and considered to be the best in the world, the government is investing much in this research and development segment which makes this business stronger and more competitive.
This will add more importance to the domestic companies and to the security of the country. This provides a great opportunity to the domestic players to enhance their quality, and be upgraded to the newest available technology.
The investment made by the government and the problems faced by the country have made the domestic manufacturers able to feel the real problems, their impact and what the solution to resolve these problems should be. This provides for a better solution and enhances the public security it motivates new players to participate in the race with innovative ideas like Remote Control Unlimited newest navigation systems for the newest drone planes.
The major disadvantage of this Act is the increased costs. Irrespective of the other factors, this act was very strict about its principles which increased the costs both to the company and the government. This increased the cost and budget for the government, which creates more issues. Innovation is essential but is not possible without appropriate research and development. All research and development cannot be performed in the U.
This regulation brings a great challenge in accomplishing appropriate research and development required for newer better products.
Buy American Act The Buy American Act is an attempt by the government to protect domestic labor by providing a preference for American goods in the governmental purchases.
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BUY AMERICAN ACT FOR GOVERNMENT CONTRACTS Summary of the main points The Buy American Act is a legislation that was designed to aid the ARRA provisions by estab. In they passed the Buy American Act which is a major domestic preference statute governing procurement by the federal government. There are two types of procurement contracts that the Buy American Act applies too, supply and construction contracts.
nursing student assignment help Buy American Act Essay how to write a cover letter with cv medical sales resume summary. Buy American Requirements Essay Sample. The Buy American Act (41 U.S.C. 10ad) was enacted in to encourage the federal government to buy from American companies it does not apply to professional or personal services.