Size Matters The United States (USA) is one of the biggest countries in the world today. In terms of land mass, the USA is the second largest country with China being the third largest. In regard to the gross domestic products of all countries, the United States is number 1 in the world with Europe at number 2 and China at number 3. When a country is the biggest in the world financially then there will be significant effects on other country is there is a problem. When the USA has a recession than many countries of the world will have an effect. But the effect can be huge to the countries that export to the USA. China is the largest exporter to the USA, with about $334 billion of products being exported to the USA per year. (Waksman) With any …show more content…
downturns used to flatten the planet. This one hurts the world economy, but growth in China will thwart global recession.” (Bovino) Starting with the USA recession of 2008, BusinessWeek Magazine says, “Cooler performance in the U.S.—the single biggest national economy—hasn't shut down other countries the way it often did in the past. But weak conditions in the U.S., together with higher commodity prices, have nonetheless started to squeeze economies abroad in varying degree.” So having the USA as the single biggest market in the world, there is a significant degree of risk in the case of a recession, but with stronger trading partners like China there is a strong chance of evading a global recession because of strength in the overall world market. So building the global economy that in emerging in the world today, there is strength in having a strong primary trading …show more content…
When we look at macroeconomics this is especially seen and appears to be true. We can see the emotional impact of financial purchases as we do our daily shopping. This is also seen on bigger items, such as a macroeconomics approach of the trading of stocks in the American stock markets. The idea is the same for others trading scenarios, such as government planning, international trade, and the negotiations between governments regarding imports, exports, and tariffs. Problems with International Relations International relations can be tricky for any government of any size. But when we’re talking about a couple countries that are considered to be the largest, most populous, and financially strongest countries in the world it becomes even more difficult. Through these issues with international relations, we have two factors that may have an effect, these are the possibility of raising tariffs in the USA and an idea in the USA known as “Buy American” that could hurt the purchase of imports. Raising tariffs in the