Prepare a of a 1050-1400-word paper in which the patterns of trade between the U.S. and another country or region of the world are described and analyzed (your choice of country or region).
In the paper, describe the history of the trading relationships, identify major products and services being exchanged, analyze resource endowments, and analyze economic, social, technological, and political factors affecting the trade patterns.© BrainMass Inc. brainmass.com October 25, 2018, 1:30 am ad1c9bdddf
I have decided to focus in this solution an analysis of the US trade with the Philippines primarily because the Philippines, a former US protectorate, represents the many growing third world nations in Asia whose economy is partly dependent on the needs and demands of the US Market. Many of its cities are metropolises with populations in the million mark where the market and burgeoning industries come alive because of trade within and with the rest of the world creating very, very rich citizens making the gap between the very poor and the wealthy huge. The solution is written as concisely as possible. Please take note of the references to expand the ideas presented. This solution is written in the APA format. Thank you for using Brainmass.
OTA 105878/Xenia Jones
Global Trade Patterns
In the simplest terms, International trade is the exchange of capital goods and services between nations, across national borders and territories. Since the ancient times, nations and tribes have come to barter and increasing barter practices established the Silk Road that ran from China through the Middle East to Europe which led to the establishment of powerful navies that explored the unknown world for a Passage to India and the Spice Islands by sea. When the Age of exploration and discovery ebbed, Great Britain was on the verge of becoming the most powerful Empire the world has seen since the time of the Romans. Her navies controlled vast tracts of territories from the Americas, Africa, Asia, Oceania and Australasia. The establishment of the trading routes over land and sea served as the foundations of the globalization process that has made the economies of nations all over the world interdependent today. It is of essence to understand patterns of trade of nations and regions of the world as it establishes the kind of economic activities that go on enough to enable analysts, economists and social scientists to pinpoint problems that lead to collapse or deterioration of activity and/or relations between nations affecting industries that people depend on for employment or for manufacturing goods in demand. Changes, patterns and proven 'nature' of varied national entities or regions in the way they trade when deftly established can provide analysts with data to base solutions for foreseen and/or unexpected problems (like the very recent US Subprime Mortgage Crisis).
South East Asia Trading Region
Just below China in a region that surrounds the South China sea, the Archipelago nations of Indonesia and the Philippines and the Indochinese nations of Vietnam, Thailand, Malaysia, Laos, Burma and Vietnam with the City-State of Singapore make up the economic and political region of the world known as South East Asia (SEA). Comprised mostly of developing nations the state of each nation is dependent largely on the stability ...
The solution first off explains what global trade is and focuses on the Trading relationship between the US and the Philippines delving into the trading history between the two nations and the effect of politics and varied other treaties and events (including military conflicts). The solution follows the APA format and references are provided. A word version of the solution is attached for easy printing.
Trade and World Output: Describe the Broad Pattern of International Trade
Explaining the relationship between trade and world output.
Describe the broad pattern of international trade.
If the nations of the world were to suddenly cut off all trade with one another, what products might you no longer be able to obtain in your country?
Also choose one other country and identify the products it would need to do without.View Full Posting Details