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International Trade and Finance Speech

In: Business and Management

Submitted By surfmom
Words 1228
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International Trade and Finance Speech
ECO/372
September 23, 2013

International Trade and Finance Speech
According to (Colander, 2010, p. 505) a surplus means when a country “produces more than what it consumes.” “Countries that enjoy a trade surplus have more money flowing in than out. This includes both money for the products the country exports and the money spent by foreign visitors” (Wisegeek, 2013, p. 1). The effect of trade surplus in a nation indicates it has more control over its own currency. In some ways the United States and Japan are major competitors in the market of international trade (Encyclopedia of Nations, 2013). Each, country produces many of the same goods, for example Toshiba’s major competitor in personal computers is Dell (Dell computer corporation, 1997). Toshiba is a product Japan imports to the United States. A surplus would be created, depending on the current interest and exchange rate in the United States.
After the emergence of the World Trade Organization, and according to their site (WTO, 2013) is designed to “deal with the global rules of trade between nations. Its main function is to ensure that trade flows smoothly, predictably, and as freely as possible.” From inception the volume of international trade has increased and participating countries actively trade to push their product. The intent of this speech will be to explain what happens during a surplus of imports into the United States, the effects of international trade to gross domestic product (GDP), and university students. Also how tariffs and quotas affect international relations, define foreign exchange rates and how it is determined. The effect of trade barriers regarding importing and exporting of goods.
Surplus is created when an importing country profits from trade, in its efforts to purchase foreign goods. The is referred to as the “capability of a…...

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