International Trade and Finance Speech
International Trade and Finance Speech
International Trade and Finance Speech
Crystal Senter
August 5, 2013
University of Phoenix
International Trade and Finance Speech
Afternoon everyone! My name is Crystal Senter and I am here today to help you all understand some basics involving international trade and finance topics that make these topics not only interesting, but easy for you to convey these topics as well to your listeners or readers. There are a few questions I am coming to answer that have come to my attention from all of you as well as questions that are relevant to current events.
The first question I was presented with is, “What happens when there is a surplus of imports brought into the U.S.?” Whenever there is a surplus of products, regardless of origin, the price drops. Even to the point of selling at a loss, the holder has already paid the invoice and taxes, but still has to pay storage, the longer it holds the product the more money it costs, selling at a loss moves the product out of storage and clears the store front for another product. A surplus of imports is good for consumers but bad for local business. We have to produce and manufacture in order to export. As our export trade shrinks, so does our workforce and economy. The surplus of imported cars for 2012 has exceeded the exportation by $152 billion. Also the shelf life of cars is 1 year. Every year at the end of the cycle the existing models are sold off at huge discounts to make room for the new models, which is good for the consumer.
The second question brought up to me is, “What are the effects of international trade to GDP, domestic markets and university students?” International trade comprises exports and imports, the net result of which affects our GDP. Since our imports exceed our exports our GDP would be impacted by our net exports or deficits. The rippling effect of financing deficits is an increase in interest rates from selling bonds that reduces investments
International Trade and Finance Speech
Crystal Senter
August 5, 2013
University of Phoenix
International Trade and Finance Speech
Afternoon everyone! My name is Crystal Senter and I am here today to help you all understand some basics involving international trade and finance topics that make these topics not only interesting, but easy for you to convey these topics as well to your listeners or readers. There are a few questions I am coming to answer that have come to my attention from all of you as well as questions that are relevant to current events.
The first question I was presented with is, “What happens when there is a surplus of imports brought into the U.S.?” Whenever there is a surplus of products, regardless of origin, the price drops. Even to the point of selling at a loss, the holder has already paid the invoice and taxes, but still has to pay storage, the longer it holds the product the more money it costs, selling at a loss moves the product out of storage and clears the store front for another product. A surplus of imports is good for consumers but bad for local business. We have to produce and manufacture in order to export. As our export trade shrinks, so does our workforce and economy. The surplus of imported cars for 2012 has exceeded the exportation by $152 billion. Also the shelf life of cars is 1 year. Every year at the end of the cycle the existing models are sold off at huge discounts to make room for the new models, which is good for the consumer.
The second question brought up to me is, “What are the effects of international trade to GDP, domestic markets and university students?” International trade comprises exports and imports, the net result of which affects our GDP. Since our imports exceed our exports our GDP would be impacted by our net exports or deficits. The rippling effect of financing deficits is an increase in interest rates from selling bonds that reduces investments
References: Hill, P. (2012, December 25). Trade Deficit on Course For Surplus. The Washington Times. Retrieved from http://www.washingtontimes.com/news/2012/dec/25/trade-deficit-heading-for-surplus/?page=all How are international exchange rates set?. (2011). Retrieved from http://www.investopedia.com/ask/answers/forex/how-forex-exchange-rates-set.asp Why doesn 't the US simply restrict all goods coming in from China?. (2013). Retrieved from http://www.weegy.com/?ConversationId=6C68CCB2 Janssen, M., Dorr, E., & Sievers, D. P. (2012). Reshoring Global Manufacturing: Myths and Realities. Enterprise Strategy. Retrieved from http://www.thehackettgroup.com/research/2012/reshoring-global-manufacturing/hckt2012-reshoring-global-manufacturing.pdf CERTIFICATE OF ORIGINALITY I certify that the attached paper is my original work. I am familiar with, and acknowledge my responsibilities which are part of, the University of Phoenix Student Code of Academic Integrity. I affirm that any section of the paper which has been submitted previously is attributed and cited as such, and that this paper has not been submitted by anyone else. I have identified the sources of all information whether quoted verbatim or paraphrased, all images, and all quotations with citations and reference listings. Along with citations and reference listings, I have used quotation marks to identify quotations of fewer than 40 words and have used block indentation for quotations of 40 or more words. Nothing in this assignment violates copyright, trademark, or other intellectual property laws. I further agree that my name typed on the line below is intended to have, and shall have, the same validity as my handwritten signature. Student 's signature (name typed here is equivalent to a signature): Crystal Senter