What type of impact do you think the United States economy has on the World economy? Explain your answer.?

Answer 1

The impact on the economy of the world is huge, to say the least.

1) We are the largest consumers in the world. Simply put, we buy the most.

2) As one of the strongest single economies in the world, ours acts as an indicator as to the general "health" of the world economy. If we are doing well, then the rest of the world is generally doing well.

3) As a member of the WTO (World Trade Organization), we are a leader in control of how trade is conducted world-wide. This effects everything from production to even the job market.

4) While our role as a producer of goods has reduced over time, the workers of the United States are still ranked amongst the most productive in the world. This allows us to produce goods at a cheaper cost, and more efficiently.

Answer 2

The US has the largest trading deficit on Earth. We buy, buy, buy. We spend, spend, spend, (Lots of it on military equipment that no longer is made here, i.e. 9MM handguns from Italy, etc.) and it the US went belly up, the rest of the world would follow. We would no longer be shipping food to every Tom, Dick and Harry that decided they needed it. We would no longer need the "outsourced" phone jobs. The US has the largest technological base on Earth. When we stop producing the scientists and engineers that make what works, work better, we and the rest of the Earth are screwed. Just look at the numbers. Look what happened in Europe in the 1400's! It's all in the math, which most people don't pay attention to anymore.

Answer 3

In 2003, the U.S. accounted for greater or less 30% of the international's GDP, yet in basic terms for 12% of worlwide exports and 18% of international imports. So the impact of the U.S. on the international financial gadget is significant, yet no longer overwhelming...