Global trade is an essential part of almost every economy on the planet. The import of products fills a demand that can not be met or efficiently met in the home country. Exports are demanded by markets where they cannot produce or efficiently produce the same products or services. The key is producing efficiently or at the lowest cost. The attractiveness of goods in one country or another is not always based on the quality, how it was manufactured, or if it will create or save jobs. It comes down to where can I get the most for the money I have. A big part of this is the relative strength of the purchasing or selling countries currency. These can be volatile markets and make it difficult for the manufacturers to control where their customer purchase.
Please follow the link and read the article. Then go to the discussion board and briefly discuss:
How a fiscal policy or variations in currency can change a trade surplus to a deficit or vice-versa?
What would you look for when purchasing products from other countries?
What fiscal policies may make your products more attractive?
A soaring US dollar poses risks for the world economy
Exports, percent of GDP – country rankings
Address the questions in 150 to 200 words or more in your post. Use additional research to support your answers and remember to cite your sources.
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