USA case study

Question 1

trading blocs

Answer 1

NAFTA and they mainly trade with EU and ASEAN

Question 2

Canada and the U.S. trade

Answer 2

one of the largest trading relationships in the world, with more than $3.4 billion worth of goods and services crossing the border each day in 2022 shows the dependence

Question 3

FTA USA

Answer 3

has free trade agreement 20 countries

Question 4

what number exporter is it

Answer 4

Second largest exporter

Question 5

petroleum exports

Answer 5

It is the largest exporter of petroleum gas in the world just recently supperassing qatar in 2022 is exported 9.6 million barrels of petroleum a day

Question 6

imports

Answer 6

largest goods importer in the world. U.S. goods imports from the world totaled $3.2 trillion in 2022

Question 7

economic reasons why its strong

Answer 7

-top destination for inward FDI, n 2022, the US received around $382 billion in inward FDI.
-The US is home to leading technology companies such as Apple, Google, Microsoft, and Amazon, which drive innovation in artificial intelligence, cloud computing, and other advanced technologies.
-The US is the global leader in research and development (R&D) spending, investing over $600 billion annually.
-The US government has launched significant infrastructure projects, including the $1.2 trillion Infrastructure Investment and Jobs Act signed in 2021.

Question 8

political strength

Answer 8

-Stable democratic government
Membership of global organisation such as WTO and OCED The Organization for Economic Cooperation and Development

Question 9

why does USA have good trade environmental

Answer 9

The USA’s geographical location between the Atlantic and Pacific Oceans provides easy access to both European and Asian markets.
The USA possesses abundant natural resources, including agricultural products, minerals, energy resources, and timber.

Question 10

Challenges of trade in the USA

Answer 10

-More quaternary and tertiary jobs this means some towns are becoming deindustrialized, meaning less jobs and less employment causes deprivation and dereliction in those areas. For example, between 2000 and 2010, the United States lost over 5.5 million manufacturing jobs, primarily due to factors such as automation, outsourcing, and changes in global trade patterns.
-Local businesses TNCs benefit from economies of scale as they are more expensive. top 100 TNCs accounting for about 40% of global trade flows
-Co2 emissions environmental issues energy production accounted for around 30% of global greenhouse gas emissions in 2018, making them significant contributors to climate change.

Question 11

gdp

Answer 11

76,000 increased 4.83 %