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2006-11-03 11:44:14 · 3 answers · asked by Anonymous in Social Science Economics

3 answers

Canada is the largest trade partner with the United States. In other words, we export more to Canada and import more from Canada than any other country.

China has been a sleeping dragon. Its communist government and centrally planned economy kept its exports fairly low until recent years. Now, the country is essentially capitalist, although the government is still communist.

International trade has increased dramatically between the U.S. and China. If it continues to grow at its current rate, China will soon overtake Canada. At the same time, with the Chinese standard of living increasing, especially in the coastal cities, the U.S. (and other first-world nations) will be trying to get a foothold on Chinese markets.

Some of our largest corporations are already standing at the door to Beijing, and a few have actually passed through it.

As China continues to develop economically, the rate at which the U.S. is currently losing manufacturing jobs will increase. The working class will be hit first and hardest.

However, other nations -- especially India -- are taking a shot at the higher-pay positions. While the U.S. used to export a lot of communications and electronic work to India, we are now actually losing engineers and other technological personnel who are emigrating to India.

Some experts have said that the 21st century will be the "Asian Century." Other are more specific and say the "Chinese Century."

2006-11-03 12:03:12 · answer #1 · answered by Goethe 4 · 0 0

I do believe it is. you can't buy anything but what it says-made in China. Used to be Japan!! Next-- Mexico.

2006-11-03 11:47:17 · answer #2 · answered by Tired Old Man 7 · 0 0

1-Canada
2-China
3-Mexico
4-Japan
5-Germany

http://ita.doc.gov/td/industry/otea/ttp/Reports/2006/importsexports_Aug_2006.html

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2006-11-03 12:11:17 · answer #3 · answered by Zak 5 · 1 0

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