America: Riveting Prospects, the article written by Ed Crooks, discusses the issues within the United States lack of exporting goods. He briefly touches on five reasons why our economy is not quick to jump at the opportunity that trade can bring. Here within I will discuss those five areas along with my opinion on international commerce.
1. The United States are not custom to selling internationally.
Mr. Crooks speaks about there only being 1% of goods exported to other countries at the time this article was written. Many corporations do not consider the benefits that exporting would bring to company revenues. Over time however, exports have grown some although not greatly. In a 10-year timespan, exports have fluctuated greatly. Exports …show more content…
U.S. companies want to manufacture in markets where they sell.
Businesses tend to stay locally due largely in part that these are their principal consumers. This helps them understand commerce through the needs of the client, logistic improvements, while stabilizing the country’s currency. From an economic standpoint, it is imperative that we grow alongside developed countries in order to stay relevant in trade.
I would have to agree with the economists standpoint given that the steady increase in other occupational areas have shown a need for these services and/or products being provided. Additionally, the revenues in these sectors, regardless in scale to manufacturing, still boost the economic welfare. To say one area is less important than the other is unreasonable and boosts the illogical thinking that focusing on all areas will hurt us with trade in the end.
References
Commonwealth of Massachusetts. (2015, June 9). Over $10.4 Million in Workforce Training Grants awarded. Retrieved from http://www.mass.gov/lwd/press-releases/over-10-4-million-in-workforce-training-grants-awarded.html
Crook, E. (2011, January 6). America: Riveting prospects - FT.com. Retrieved from
1. The United States are not custom to selling internationally.
Mr. Crooks speaks about there only being 1% of goods exported to other countries at the time this article was written. Many corporations do not consider the benefits that exporting would bring to company revenues. Over time however, exports have grown some although not greatly. In a 10-year timespan, exports have fluctuated greatly. Exports …show more content…
U.S. companies want to manufacture in markets where they sell.
Businesses tend to stay locally due largely in part that these are their principal consumers. This helps them understand commerce through the needs of the client, logistic improvements, while stabilizing the country’s currency. From an economic standpoint, it is imperative that we grow alongside developed countries in order to stay relevant in trade.
I would have to agree with the economists standpoint given that the steady increase in other occupational areas have shown a need for these services and/or products being provided. Additionally, the revenues in these sectors, regardless in scale to manufacturing, still boost the economic welfare. To say one area is less important than the other is unreasonable and boosts the illogical thinking that focusing on all areas will hurt us with trade in the end.
References
Commonwealth of Massachusetts. (2015, June 9). Over $10.4 Million in Workforce Training Grants awarded. Retrieved from http://www.mass.gov/lwd/press-releases/over-10-4-million-in-workforce-training-grants-awarded.html
Crook, E. (2011, January 6). America: Riveting prospects - FT.com. Retrieved from