To what extent is it sustainable for countries to rely on the export Essay - 1

To what extent is it sustainable for countries to rely on the export of manufactured good to generate economic growth - Essay Example ce is mainly determined by two (connected) factors: its exchange rate and its growth rate in relation to those of its trading partners† (A special report on Americas economy: Export or die 2010). In other words, the currency value and the export growths are the major determinants of the economic growth of a country. This paper evaluates the importance of export of manufactured goods in sustaining economic growth of a country. China’s policies helped them to grow at the rate of 7%–8% per year which is sufficient enough to produce 15 million new jobs a year (THE â€Å"CHINA PRICE† AND WEAPONS OF MASS PRODUCTION, n. d, p.1). China is one of the prominent exporting countries in the world which exploited the possibilities of export of manufactured goods judiciously for their economic growth. In fact they taught the external world new export oriented economic lessons. While most of the countries tried to sell their products for maximum possible prices in global market, China adopted a different strategy of selling their products for maximum cheaper prices. Cheaper prices made Chinese products favorite in global market and they were able to generate big volumes of business in the global market. Bulk production helped China to sell their products for cheaper prices in global market. Mass production also helped China to reduce their unemployment problems up to certain extent. While most of th e other countries struggled to boost their economy through export of manufactured goods, China not only maintained a steady economic growth through export of manufactured goods, but also succeeded in reducing unemployment problems. It is not easy for other countries to follow the path of China blindly. For example, America’s manufacturing base is not much active currently because of the stiff competition from the Chinese products. Even American consumers became the fan of Chinese products because of the cheaper price and better quality compared to the American products. Under

Do my assignment Essay Example | Topics and Well Written Essays - 250 words - 1

Do my assignment - Essay Example rage American are their security and country’s economics that directly affects the amount and quality of food on their table, their shopping habits, their selection (most of the times it is the availability/affordability) of college/university, savings/investment and health. Obama might not have been the best when it comes to taking care of all these matters but he sure is a person that keeps things under budget. In my observation and from what I have learnt from my American friends, (I’m a student from the Middle East) the majority considers Romney a Neocon. He would probably waste precious resources of the US citizens in engaging unnecessary battles and wars. Americans don’t want their money to be spent on military ventures, painfully, outside the US soil. The Americans have their own battles to fight on their own soil. Being a military superpower doesn’t mean that each of its citizens is fed properly and sleeps in a warm