INTRODUCTION As companies and governments look to projections of the future, they would do well to

Looking back over the past ten years and most especially the past three years for investment returns and economic possibilities, there seems to be more growth in the past 24 months than what we have seen in over a decade. The rapidly changing international economic climate and the current government struggles with tax based polices and the continued climbing US

economy can alter trends that can either aid or limit how well policies are helping the GDP grow. There has always been a lot of conversation on oil scarcity and drilling land for it. When resources are feared as threatened, they undergo structural changes. In this case, future oil will be more valuable because of its scarcity and the oil we have now will decrease in worth. This limits growth by decreasing value and causing a backwards shift in the specified market (Structural Change, 2007). Another structural change in the United States that has a long term effect of not only halting recovery from a recession but proving continuously problematic after the recession is employment structure. This is where there is a mismatch with the amount of eligible workers with the amount of available jobs. This can be caused by trade agreements such as allowing free trade which in turn decreased jobs in our country. Farmers can find themselves out of work with large food corporations offering lower prices in the market. This will increase unemployment therefore further stunting the recovery of an economic downturn (Amadeo,

At the time of development of globalization there were many concerns about its benefits. However, it has brought significant changes in all segments of human life and International business is one area in which it contributed heavily (Reich, 1998). Companies all over the world are currently formulating their business strategies mainly after considering the trends in global market instead of domestic market. Outsourcing and offshoring are some of the new business principles emerged in this world after the implementation of globalization (Samimi and Jentabad, 2014). The core of these new business concepts is to exploit the business opportunities in overseas countries as much as possible (Samimi and Jentabad, 2014).

The recent job growth is impressive with an increase in 3.4% though the unemployment rate is still at 10% (U.S. average is 5.2%). With this recent increase, there is

In the current American economy, we must concentrate on the future. The current trends that are taking place in our economy are essential for determining the future of the U.S. economy. Some of the trends in the U.S. economy consist of business cost rising due to uncertainly. What this means is that as a result

America has made mistakes before, now the country plans out their economy’s future a little more. One of the top five largest economies in the world, the United States, promises for new laws regulating and decreasing in tax burdens in United States’ markets. Americans can expect to see a faster growth than previous years, and according to Forbes article The U.S. Economy In 2017: Welcome Higher Growth, “the U.S. economy will be a key driving force of other Western economies” (Chafuen 1). Especially now with the new president, Trump, he has already made the US more appealing and put a rise in stocks by electing certain cabinet members. This shows the world taking Trump 's approach seriously. The unemployment rate influences the economy. At

Furthermore, the United States now leads the world in service exports. A service export encompasses anything from banking, financial services, tourism, entertainment and education etc. The world’s economy is evolving and shifting, economies not only can manufacture goods from raw material but utilize information and new technology. The United States is now a nation that creates jobs that are no longer in the traditional manufacture sector. In the past few years, a rise and expansion in entrepreneurial companies are very visible Estimates show that small service companies provide over 40 million jobs in the United States alone. Trade policy barriers across the world have been demolished to such a degree that the United States has become more

It is also important to note that quite a number of multinational corporations have in the past setup operations in developing nations in an attempt to make cost savings especially in terms of labor and production costs. With a growing

A nation’s wealth is determined by its increase in long-term economic growth. It is an increase in the potential gross domestic product, GPD. The growth is displayed by an outward shift in a nation’s long-term aggregate supply curve (Riley, 2016). The United States as a developed nation, transformed by technology long-run economic growth is the advancement in innovations, quality natural resources and human capital. The long-term growth produce goods and services in output indicating the nation’s standard of living example employments, spending, saving, and investment. As we learned, from the week’s lesson notes, output increases the market aggregate demand and a company’s scale of production for specialization and division of labor with the

“Times are changing and things aren’t what they used to be. No longer are North Americans on top of the world with regard to business. The challenge from foreign parts is not to be taken lightly. Indeed, in the near future it may pose a grave threat to the livelihoods of countless people.

The development of the business environment has determined companies to develop innovative strategies in order to create competitive advantage. Some of them have identified the potential of developing markets in Asia, Africa, and Europe, and have expanded their business to such areas. These countries provide a large pool of cheap skilled workforce that can help these companies reduce their production costs, which leads to reduced prices intended to increase the number of customers. The economic development of these countries provides customers with increased incomes that can purchase companies' products and services.

This is negatively affecting workers and the economy. The money businesses are using to buy back their own stock could be going toward purchasing new equipment and facilities or rewarding employees through raises or increased benefits. Without increased wages, the standard of living stagnates or even decreases.

The process of globalization has numerous significant effects on countries, organizations, and individuals. These effects can be observed in the quality of products, in their prices, but also in their availability. Because of globalization, numerous companies prefer to expand their business on international level. Some of them outsource some of their processes and activities to cheaper destinations that allow them to reduce their investments.

What the US politicians need to be careful of is not adding to the woes of their deteriorating economy by forcing their companies to become noncompetitive with the rest of the world. According to the July 31 edition of the Economist: "New data suggest that America's recession last year was worse, and its recovery this year is

“If necessity is the mother of invention, then resource shortage is the father of innovation” (Sheth 2011). For that reason, firms operating in emerging markets gain advantage by