Research the concept of an open economy. Now consider the United States\' curren

Question

Research the concept of an open economy.

Now consider the United States' current economic situation. Share your overall opinion of the subject and if you believe the U.S. economy has benefited or suffered (or both). Do you agree or disagree with your classmates' arguments? If you agree, expand upon the argument, and if you disagree, explain why using using examples to support your position. Cite sources if necessary.

Research the concept of an open economy.

Now consider the United States' current economic situation. Share your overall opinion of the subject and if you believe the U.S. economy has benefited or suffered (or both). Do you agree or disagree with your classmates' arguments? If you agree, expand upon the argument, and if you disagree, explain why using using examples to support your position. Cite sources if necessary.

Explanation / Answer

Open eeconomy in the U.S has proved to have a mixed reaction in the form of benefits and certain disadvantages.

The current economic situation shows least development in the open economy. If it is compared with Singapore and Hong Kong, it if found that both the countries have more deveoplment in its open economy rather than United States. The U.S is still not earning profitable deals in its export version. There is large amount of imports from south-Asia and europe to the U.S. This shows that U.S has suffered a lot from imports and less exports. It has got benefit from when it has to export to european countries at the time of their Crisis.

SOURCE:

http://www.iccwbo.org/global-influence/g20/reports-and-products/open-markets-index/

https://www.washingtonpost.com/news/wonk/wp/2013/06/13/study-the-united-states-has-a-less-open-economy-than-romania/

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.