Exercise 1The most recent statistics by GlobalEdge show that China, the United States, Germany, Japan, and the Netherlands are part of the world’s top ten exporters of merchandise. The other countries that complete the list are France, South Korea, the United Kingdom, Hong Kong and Russia in that order. The...

A free trade zone (FTZ) is a special area outside the United States that provides a number of economic benefits. A FTZ is a specially designated area that has different procedures, laws, regulations, and taxes than those of the rest of the host country. These zones are designed to simplify...

In today’s global market, trade is more important to the economies of nations around the world than ever. Today’s economic markets are globally-linked, and it is near impossible for a nation to flourish without engaging in favorable trade of some form. The United States has long been associated with free...

In 2012, Consumer Reports, a well-respected American magazine that provides consumers with unbiased reports on products, services, and other consumer-related issues, ranked the grocery store Trader Joe’s as the second-best supermarket in the United States of America. This was quite a feat considering recognizable names such as Wal-Mart, Kroger, Safeway,...

Leading Exports and ImportsThe US foreign trade makes almost five trillion dollars a year with a balanced correlation of export and import. As such it is the third world’s largest exporter. The first two are China and the EU (Amadeo, 2016). According to the experts’ estimations, the total US export...