Inernational influence USA - economic Flashcards
other countries economically as they will often try and attract US businesses
Another way that the US influences is other countries economically as they will often try and attract US businesses. Some of the largest companies in the world are from the US and so they employ thousands of people. To try and benefit from these big businesses many countries like the UK will lower taxes on companies in the hope they will create jobs.
For example, around 90,000 people in Scotland have jobs in American companies. It would be a big problem for Scotland if these companies left.
US influences other
countries economically is because they try and attract US tourists.
One way the US influences other
countries economically is because they try and attract US tourists. As the USA is the wealthiest country many of its citizens have a lot of money to travel the world and spend so countries like Scotland will try to make their country as attractive as possible to US citizens.
For example, the US is the number 1 source of tourists to Scotland who spend around £500 million a year. Clearly this makes the US extremely important to Scotland