International Trade Essay

The United States government interacts with people around the globe by a foregin policy known as the “Foreign Trade” or “International Trade.” The government takes on behalf of our nations interest such as new clothing trends, new foods, new technology, and so much more. International trading is what makes a country strong and a competitive economy. The U.S. government stated goals of a foreign policy are “… to build and sustain a more democratic, secure, and prosperous world for the benefit of the American people and in a international community…” (www.ushistory.gov) The historical background of international trading was started with the Barter System; directly exchanged goods or services without using a medium of exchanged goods such as money. Then being subtracted by the Mercantilism in the 16th and 17th centuries; a theory that promoted the state of power at the expense of rival nations of economic counterpart. The 18th through 20th centuries continued to bring new value and professionalism towards liberalism. After World Wars and Economic Recessions the world of trade began to have value again with stronger governments, trade agreements, and international organizations to build the economy. Michael Mandelbaum a professor and director of …show more content…
policy on International Trading stated by the U.S. department of state says “New export opportunities for American businesses, farmers, ranchers, and workers through global, regional and bilateral trade initiatives- including free trade agreements and the world trade organization in partnership with agencies across the federal government, trade and policy programs start work to maximize the benefits of global economic development address and resolve trade disputes, improve access for U.S. goods and services abroad, and promote global food security, food safety and agricultural innovation,” The current policy was implemented after the late 20th century and is still progressing to this day.