Why U.S. should be exporting more goods and services?

Running Head : Goods and Services Exported by the US

Reasons for Export

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Currently , exports commodities include the following : 1 ) agricultural products - soybeans , fruit and corn 2 ) industrial supplies - organic chemicals 3 ) capital goods - transistors , aircraft , motor vehicle parts , computers , telecommunications and equipment 4 ) consumer goods - automobiles and medicines (Central Intelligence Agency , 2008 , n .p These are exported to Canada , Mexico , China , Japan , UK , and Germany (Central Intelligence Agency , 2008 , n .p . The United States should export

more goods and services as such because of the following reasons :First of all is to establish balance of trade (Central Intelligence Agency , 2008 , n .p . The United States should export more goods and services so that the gains from the goods and services exported will go beyond the profits of those imported (Central Intelligence Agency , 2008 n .p

Second , as a result of a balance of trade , which leads to more gains , this in turn will bring about economic growth (Central Intelligence Agency , 2008 , n .p . This is due to the fact that exports 1 ) improve return on investment and increase profitability 2 balances seasonal or cyclical fluctuations and 3 ) opportunities for growth with a wider sales base (Importance of Exporting , n .d n .a

Third , exporting is also synonymous with the establishment of high productivity plants ' which means that exporting also improves the rate of employment (Bernard et . al , 1999 , pp . 17 - 18

Fourth , exports motivate other countries to be more...