United States Trade with Other Countries



United States Trade with Other Countries

Introduction

For more than two centuries, the United States country's foreign trade and global economic policies have dramatically changed its focus. In the early years of U.S. history, state authorities and the business community focuses on the development of the domestic economy, regardless of what was happening abroad. On the other hand, since the Great Depression of the thirties of the XX century and the Second World War, the country, in general, tends to reduce trade barriers and coordinate to the world economic system. Such a commitment to free trade is from the economic and political roots.

Since World War II, President of the United States argued that participation in world trade offers American producers access to large foreign markets and gives American consumers a wider choice when purchasing products. Recently, America's leaders have noted that competition from foreign producers also allows them in maintaining low prices for many commodities, thereby mitigating the effects of inflation.

The U.S. trade policy is characterized as a highly consistent since the war. The three principles guide the policy: the reciprocal opening of markets, the application of the rule of law in international economic relations, and the preservation of American leadership in business international economics. We should not have expected major changes in a Bush administration, but rather realignments compared to what it was under the administration outgoing. We can identify five:

greater attention given to free trade as ideology to force trading partners to open their markets further

greater improvisation in the pursuit of goals and monitoring of trade policy based on events

greater attention to security and strategic interests United States in commercial matters

mute the debate on the inclusion of standards labor and environmental trade agreements

A reassessment of institutions international economic in light of U.S. interests (Michael, 2004).

Globalization is the most important factor here. Reassessment of economic interests and issues security of the United States to light it started under Clinton will continue. However, we can expect three major changes:

The idea of continuing globalization more human and put it in the interests of workers, while calling for the responsibility of the United States for the promotion of human rights and a better distribution of wealth among countries will most likely abandoned.

We can expect a return to economic approaches more conventional to strengthen the competitiveness of the U.S. economy; ...