international trading Essays - International Trade, Export

Americans have many different viewpoints when the subject of international trading comes up, while some people may strongly approve, there are others who may still disapprove. There is no clear-cut answer as to whether international trading is beneficial or not. One thing is for sure; with the pros, there are the cons, and then there are the equally uncertain pros and cons. There is no doubt in my mind that international trading is a great thing, not just for consumers, but also for many otherwise poor, unfortunate countries, their economies, and their people. One reason why international trading can be very beneficial to consumers is for pricing purposes. When there are expanded global markets then the prices of goods may go down considerably. These pricing decreases could be because of the large market competition, or because the cost of raw materials are cheaper to obtain from abroad, or it could also be because of cheaper labor overseas. There are many countries that depend on trading to provide materials and goods that otherwise would not be available to them. Other reasons why trade is important is because trading provides global job expansion, it improves our economy, it may also improve relationships between countries, and/or there could be favorable exchange rates. Trading with foreign countries requires knowledge of their laws, customs, language, etc. It is crucial for your business to know all this information when dealing with other countries; this is why it can be very beneficial to expand branches overseas. Exporting goods to other countries, helps improve the economy at home by providing employment to its citizens. When foreign currency weakens against the U.S. dollar, trading then becomes a major advantage to the U.S. This means that the U.S. will be able to purchase more quantity at a cheaper cost. Those are some examples of the benefits of international trading, however with the pros there are the cons. A huge disadvantage of global trading is the amount of off-shoring jobs, if this amount is not controlled; it has the possibility of causing a higher rate of unemployment in our local economy. Another drawback of trading is the cheaper costs of products and goods overseas; this attracts a high number of consumers because of the obvious cost benefit. This ends up becoming harmful and costing more to consumers in the long run because this causes local suppliers, manufacturers, and stores to go out of business; increasing the unemployment rate within our community. Other disadvantages of international trading may be the high cost to transport products and goods overseas, since the only way to deliver these goods are by barge or by aircraft. On top of these costly shipping charges, countries may charge tariffs for the importing or exporting of goods overseas. Then there is the topic of payment and what type of currency is expected, and when payment is expected; it is also important to know the exchange rates with different currency. When dealing with international countries, one must be informed about international laws, treaties, different customs, languages, religions, and much more. Although it seems that the disadvantages outweigh the advantages, I think that international trading is a fantastic thing. It brings countries together and builds important long-term relationships among these countries. Trading demonstrates that even the poorest and smallest of the countries are able to provide some type of contribution to the global market. These are some reasons why I think international trading is such an absolute advantage to everyone.