Those who do not accept international business education may question why the United States continues to trade with foreign countries, especially in manufactured goods assembled overseas. There are so many people in this country need to work, why patronize other countries, may benefit from our move more?
However, with a closer look at foreign trade, you may find that we have the opportunity to gain an advantage in the global economy as a whole. Why does the United States engage in foreign trade? The reasons include maintaining a strong political relationship with more pronounced financial gains.
While it is advantageous to support our own economy by purchasing domestic goods and services, it is closely considered with regard to foreign trade, including:
I. Some products, including specific food and natural resources, are not native to the Americas. Some parts of Asia, for example, have rich Rare-earth metals for the production of specific electronic products. Retailers and wholesalers of organic supplements may seek natural ingredients that do not grow elsewhere in the rainforests of South America and Brazil. In this case, trade may be necessary when the demand for finished goods is high.
II. Thus, the goods provided by American manufacturers are not readily available abroad. In 2009, the highest exports from the United States included industrial supplies such as organic chemicals and mechanical parts for automobiles and aircraft. The longer we can provide this material to our global partners, the friendlier our relationship will be.
III. When trade relations are civil, this opens the door to other opportunities that the United States may financially benefit. As a result, tourism in the Americas is likely to have a boost, as well as the possibility of foreign companies setting up headquarters in the United States to focus on geographical issues. As a result, funds are brought into the country in the hope of creating employment opportunities.
IV. Many economies rely on the strength of other countries to succeed. If you follow the international stock market, you know that other countries will benefit when the dollar is more consumption and production of consumer goods.
When you are shopping locally, you will help the local community, even if you occasionally buy a non-domestic project. Foreign trade is a way for us to maintain good international relations and opportunities to help ourselves.
