International Trade and Finance Speech Essay

We have also encountered another recession in 2007 because of risky trading/investment tactics on Wall Street that caused the housing market to crash. This put unemployment at an all-time high since the depression era, and destroyed faith in America’s economic system. Firms were reluctant to investment in the American public because they were afraid we would lose our jobs. Also, we have fought in two wars. One of the wars has been the longest in American history. This dries up resources and ups government spending. The government has less money to investment its citizens and firms have fewer resources to produce products for consumers to buy.

There are many things that are fundamentally wrong with the U.S. economy. In fact, warning signs are everywhere. Politicians are more concerned about elections than addressing the real issues. Voters are more concerned about whether gay people should be allowed to marry, rather than fixing the problems that affect all of us. All the while, the economy is diving further and further into its despair.

The duties it imposes are a substantial impediment to trade in the goods at issue, imposing net costs on the U.S. economy as a whole. U.S. trade policy is

Cheap labor is a driving force for businesses. As seen in the video, businesses will either move to where the cheap labor is or import the labor to them. This is necessary to cut costs to be able to complete in the global market. Unfortunately for Americans, this sometimes means they may lose jobs to countries where labor is cheaper.

Trade finance in the twenty-first century: plug and pay? Palate-Able Delights (PAD) is a niche retailer of high-end food products imported from various parts of the world. Iranian saffron and caviar, French champagnes, Italian truffles and olive oils, vintage balsamic vinegars, fine cheeses, reserve wines from the leading vintners, even limited-availability spring waters…if a culinary delight exists, Palate-Able Delights has a mission to discover it, then share it with appreciative clients who quite happily pay premium for the pleasure. PAD has been very successful as an importer, but has packaged such unique

Outsourcing American jobs hurts the Economy. The United States (U.S.) no longer produce everything that is needed to sustain the country. The U.S. imports much more than is exported, and are selling off assets and taking on massive debts to sustain a standard of living. American businesses send Information Technology jobs to countries like India and the Phillipines because the skills are similar, but the wages compared to American workers are much lower. Not only that, Human Resources outsourcing reduces costs by channeling thousands of businesses, this in turn lowers the price of healthcare benefits, retirement plans, workers’ compensation insurance, and legal expertise making it very attractive to businesses to outsource. While we are gaining short-term profit and maybe a few jobs, we are forfeiting our manufacturing and industrial base, and quite possible leading to a nation dependent on other countries for work, resources, and a fairer standard of

Trade deficit has been a concern for the national economy for a number of years because it is required to be balanced by financial debts. In simple terms, US can buy more than it sells by lending money. The import surplus has affected the competitiveness of the US companies. Most of the companies in the US have been outsourcing many operations which s caused the locals to lose the expertise and the general level of employment in US is on a decline as most of the jobs are now being outsourced.

We have now entered in a stage that is going to be very hard for us to get through. We are officially entering a stage where we are in a financial crisis. Banks are beginning to fail, mortgages are being foreclosed, and people are being forced to leave their house and farms. And most importantly there is no work. We are officially in a mode of crisis.

1. The current economic situation of the US compared with five years ago shows that the US was entering recession then, and is coming out of downturn now. The Bureau of Economic Analysis publishes GDP data. On a yearly basis, 2008 saw a decline of 0.3% based on chain 2005 dollars. The slump accelerated in 2009 with a decline of 3.1%. Since then, the economy has grown 2.4%, 1.8% and 2.2% respectively. Quarterly data shows a decline of 1.8% in Q1 2008, and Q4 2012 (the latest data available) shows an increase of only 0.1%. While the slow rate of growth is less than ideal, the economy is nevertheless performing better than it was at this point five years ago.

The foreign producers have a positive effect on the American economy and American consumers benefit from the international trade. The trade barriers restrict free trade, which in turn affects the realization of gains from specialization and economics of scale negatively but they have to be enforced in certain circumstances in order to safe guard the national interests.

Outsourcing jobs will directly affect local vacancies in office space and industrial settings. Without new buildings for new businesses, new construction will decline and possibly for workers in these fields to search for jobs overseas and again add to the already growing strain on the U.S. economy. Some smaller businesses such as restaurants and clothing stores rely on bigger companies to draw in consumers to their locations. These blue-collar jobs will begin to decline or even disappear

Global competition from Chinese auto manufacturers has adversely affected the American auto industry. Chinese manufacturers like Toyota have advanced rapidly and are now able to mass produce and sell cars at a cheaper price than some of the American auto manufacturer. Besides, Toyota has

Let's start our journey from 2001 when George bush was the president and We suffered the shock of 911. The biggest tragedy in the history of US which took US economic from a surplus to the deficit and then can the Iraq war followed by the war on terrorism , all this commutative and unpredictable events put the US economic in an anemic state.Bush tax cut and lower interest rates was the policies to jump start the economy. Consumer confidence improved ,the stock market showed signs of stability, the housing market started to boom and everyone felt economically richer all leading to

There is no doubt that the importance of global trade is one of the most integral aspects out of which human beings began their dominance of this planet. If history books tell us anything, it is that the some of the most important and powerful countries had their beginnings in early global trade. One of the most well-known countries which took to the high seas in their venture to dominate global trade is Portugal. Their story has been told and re-told time and time again, always positioning them as a leader during the Age of Discovery, a time in which finding the fastest overseas trade routes for items such as spices lead to other discoveries as well. While Portugal will always be able to reflect on past achievements and their footnote in the infancy of a global network, they still find themselves situated as a participating member of a less glorious and more ominous trade venture. Portugal’s role in the global illegal trafficking of drugs and human beings is a controversial and hot button issue on a multitude of socio-political levels. While their inclusion into this dark world is by no means voluntary, their participation in the illegal trafficking trade is a symptom of what could arguably be considered one of their leading characteristics which allowed them to dominant the Golden Era; geographic positionality. A recent document leaked from a global intelligence firm in 2012 succinctly sums up their inherent problem:

The aim of this essay is to explain why South African based company Engen Petroleum LTD would export its products to other African countries, while accepting other international petroleum brands & importing those products into South Africa using the intra-industry trade theory. Before we discuss the rationale and gains from such trade, we should first understand what intra-industry trade is.