EECS 1520 Lecture 23: EECS 1520 Lecture 23 Notes
21 Jun 2018
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EECS 1520 Lecture 23 Notes
Introduction
Trade Volume among Countries
The board should consider the potential savings that could occur from this strategy, but
it must also consider the possible adverse effects due to bad publicity or to bad morale
among its remaining U.S. workers.
If production cost could be substantially reduced outside the United States without a
loss in quality, then a possible compromise is to restrict foreign production to
accommodating any growth in the firm’s business.
That way, the outsourcing strategy would not adversely affect the employees already
involved in production.
Some countries rely more heavily on international trade than do others.
The annual international trade volume of the United States is typically between 10 and
20 percent of its annual gross domestic product (GDP).
Based on this ratio, the United States is less reliant on trade than many other developed
countries.
Canada, France, Germany, and other European countries rely more heavily on trade
than does the United States.
For instance, Canada’s volume of exports and imports per year is valued at more than 50
percent of its annual GDP.
The annual international trade volume of European countries is typically between 30
and 40 percent of their respective GDPs.
The annual trade volume of Japan is typically between 10 and 20 percent of its GDP,
much as in the United States.
Trade Volume between the United States and Other Countries
The dollar value of U.S. exports to various countries during 2010 is shown in Exhibit 2.3,
where amounts are rounded to the nearest billion.
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Document Summary
The board should consider the potential savings that could occur from this strategy, but it must also consider the possible adverse effects due to bad publicity or to bad morale among its remaining u. s. workers. The annual international trade volume of european countries is typically between 30 and 40 percent of their respective gdps. The annual trade volume of japan is typically between 10 and 20 percent of its gdp, much as in the united states. Trade volume between the united states and other countries. The dollar value of u. s. exports to various countries during 2010 is shown in exhibit 2. 3, where amounts are rounded to the nearest billion. For example, exports to canada were valued at billion. The potential savings that could occur from this strategy, but it must also consider the possible adverse effects due to bad publicity or to bad morale among its remaining u. s. workers.
