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International Trade and Finance Speech

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International Trade and Finance Speech ECO 372 DO NOT Plagiarize this is simple for guidence
International Trade and Finance Speech

In the United States international trade is an important aspect when it comes to our nation’s economy. Over the years the nation’s economic responsibility has changed from being creditors to debtors. With this change it has affected the layout of our global economy and with the advancement of our technology it has enhanced the amount of trade done between countries all over the world. With the abundance of goods imported into the United States it has provided us with a surplus. Surplus is typically used to aid in slowing down the economy and balancing out the deficits.

When surplus of imports are brought into the United States a deficit is created due the balancing of the trade. According to "United States International Trade Commission" (n.d.), there are three foreign imports that entered into the United States over the years and they are electronic products, transportation equipment and energy-related products. From 2011 to 2013 these three imports from foreign countries have steadily increased. Out of the three imports two of them have been beneficial when there was a change in the economy. During a time period, we had issues within the housing market and agencies were losing money because consumers were unable to afford their mortgages.

When it comes to the Gross Domestic Products (GDP) the international trades does have an effect on the economy. The way it is affected is through employment, limiting of consumer spending and operating of imports and exports. When it comes to imports and exports they do have an effect on the GDP. When imports are low and exports are high then this will add to the GDP but when it switched then it contracts the GDP. Depending on how the changes flow it can either

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