Bizcovering > International Business and Trade

Challenging the American Foreign Market

Thoughts on the interplay between Chinese, Canadian and the US economy.

Apparently not since we are still largely tied to the American market and have not made any great move away from it because of the declining value of the dollar. Eighty percent of goods are still sold south, so according to an economist it would be different if we had created alternative trading solutions, but we are making an effort.

Other countries like Denmark and Switzerland seem to have dome better when trying to find other markets for their products. Canadian products are still too expensive to pose a significant challenge to the American market that has had experience of recovering from recession periods.

Also America has been a land of inventiveness especially in periods of the declining value of their dollar. That has been the case so far. If this trend no longer continues then it will be possible for other countries to basically take over as economic steamboats.

One such country would likely be China now, which is sitting over a tremendous amount of reserves and seems to producing every product that exists. America by contrast has a slower growing economy and if it continues to promote open ended wars that might further weaken it to an extend that the value of the dollar would not recover.

China predicts that by ten years it will reach the economic output of the US and by twenty it will have surpassed it enough to be an imposing world trading partner. There are issues regarding going green and applying violence to reacquiring Taiwan that China might have to apply if it wants to appeal to standards in the western world.

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