Trade and Finance
Trade and Finance
Trade and Finance Speech
Today the current state of the United States macroeconomy will be discussed. Over the past three years the government has experienced economic growth and falling employment since the recession ended. However, this has been the weakest rebound from a recession after World War II ((Sivy, 2013). The unemployment is higher than it should be, and the economic growth has slowed down dramatically. Our citizens who have secure jobs and a stable home the outlook is promising, but we must not forgot those who are unemployed or who have lost their homes.
The economy is slowly improving and the United States stands to restore our economy. The government will need to do budget reforming ambitiously, before the growth becomes stagnant. This speech will explain what happens when there is a surplus of imports brought into the U.S; and will discuss international trade, foreign exchange rates, and how they affect the GDP, domestic markets, and students. The speech will also discuss how the government’s choices affect international relations and trades, what are foreign exchange rates, and how they are determined. Questions will be answered such as, why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries?
Since 1980 the U.S. unemployment rate had been declining whereas, the value of total imports steadily increased; a trend that remained in effect until the recession happened in 2008. The U.S. in a net exporter of services, and it exported $630.4 billion in services while only importing $434.6 billion. This caused a trade surplus in services of $195.8 billion. The services that exported were Intellectual property, as measured by royalties and license fees, and financial services, and the other was travel-related services (“Us Economy”). When there is a surplus of imports the price drops, and it can be good for
Trade and Finance Speech
Today the current state of the United States macroeconomy will be discussed. Over the past three years the government has experienced economic growth and falling employment since the recession ended. However, this has been the weakest rebound from a recession after World War II ((Sivy, 2013). The unemployment is higher than it should be, and the economic growth has slowed down dramatically. Our citizens who have secure jobs and a stable home the outlook is promising, but we must not forgot those who are unemployed or who have lost their homes.
The economy is slowly improving and the United States stands to restore our economy. The government will need to do budget reforming ambitiously, before the growth becomes stagnant. This speech will explain what happens when there is a surplus of imports brought into the U.S; and will discuss international trade, foreign exchange rates, and how they affect the GDP, domestic markets, and students. The speech will also discuss how the government’s choices affect international relations and trades, what are foreign exchange rates, and how they are determined. Questions will be answered such as, why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries?
Since 1980 the U.S. unemployment rate had been declining whereas, the value of total imports steadily increased; a trend that remained in effect until the recession happened in 2008. The U.S. in a net exporter of services, and it exported $630.4 billion in services while only importing $434.6 billion. This caused a trade surplus in services of $195.8 billion. The services that exported were Intellectual property, as measured by royalties and license fees, and financial services, and the other was travel-related services (“Us Economy”). When there is a surplus of imports the price drops, and it can be good for
References: http://www.investopedia.com/ask/answers/forex/how-forex-exchange-rates-set.asp Sivy, M. (2013, Jan). What the Current Economic Outlook Means for American Families. Time Business & Money. Useconomy.about.com/od/tradepolicy/p/Trade_Deficit.htm www.forbes.com/sites/bobmeteer/2013/05/05/the-role-of-foreign-trade-on-dgp/