USA goods could be competitively priced

Discussion in 'Economy' started by Supposn, Nov 20, 2017.

  1. Supposn
    Offline

    Supposn VIP Member

    Joined:
    Jul 26, 2009
    Messages:
    1,688
    Thanks Received:
    54
    Trophy Points:
    85
    Ratings:
    +190
    USA goods could be competitively priced:

    It's paradoxical that those choosing to purchase foreign products (usually correctly) believe they're acting in their individual best interests, but annual trade deficits are net detrimental to their nation's economy.

    Purchasers of foreign goods gain no competitive advantage which is the only commercial advantage.

    [Within USA's existing environments', (i.e. our federal laws and policies):

    Enterprises that do not obtain the best values for the costs, place themselves at competitive disadvantage.
    Similarly, purchasers spending on behalf of their families, fail to serve them best if they fail to obtain the best values for their costs.
    But cheaper foreign goods do not net compensate for our lesser GDP and numbers of jobs due to our trade deficits of goods.

    Behaviors adjust to modified environments; its easier to change a nation's laws, rather than attempting to change human nature.
    If the USA adopts the global trade policy described within Wikipedia’s article entitled “Import Certificates”, the best interests of USA's individual persons and enterprises would coincide with our nation's best economic interests.

    Refer to Wikipedia’s article entitled “Import Certificates”.

    Respectfully, Supposn
     
  2. Toddsterpatriot
    Offline

    Toddsterpatriot Diamond Member

    Joined:
    May 3, 2011
    Messages:
    52,849
    Thanks Received:
    6,461
    Trophy Points:
    1,830
    Location:
    Chicago
    Ratings:
    +29,000
    Or we could reduce taxes and regulations to make our domestic production more competitive.
     
    • Agree Agree x 2
    • Winner Winner x 2
  3. anotherlife
    Offline

    anotherlife Gold Member

    Joined:
    Nov 17, 2012
    Messages:
    5,955
    Thanks Received:
    288
    Trophy Points:
    130
    Location:
    Cross-Atlantic
    Ratings:
    +1,507
    Isn't it the dollar exchange rate that determines the price of American work worldwide, by far?
     
  4. Econ4Every1
    Offline

    Econ4Every1 Active Member

    Joined:
    Aug 7, 2017
    Messages:
    177
    Thanks Received:
    5
    Trophy Points:
    31
    Ratings:
    +26
    How so?
     
  5. EdwardBaiamonte
    Offline

    EdwardBaiamonte Platinum Member

    Joined:
    Nov 23, 2011
    Messages:
    32,279
    Thanks Received:
    1,320
    Trophy Points:
    1,100
    Ratings:
    +4,524
    no no Bangladesh China Vietnam are very poor countries meaning their workers earn a tiny amount and can afford to buy a tiny amount compared to Americans.
    Because they earn a tiny amount they produce goods cheaply. Exchange rates have little or nothing to do with it.
     
  6. EdwardBaiamonte
    Offline

    EdwardBaiamonte Platinum Member

    Joined:
    Nov 23, 2011
    Messages:
    32,279
    Thanks Received:
    1,320
    Trophy Points:
    1,100
    Ratings:
    +4,524
    deficits are not bad unless they are a sign that you make junk that few want to buy
     
    • Agree Agree x 1
  7. Supposn
    Offline

    Supposn VIP Member

    Joined:
    Jul 26, 2009
    Messages:
    1,688
    Thanks Received:
    54
    Trophy Points:
    85
    Ratings:
    +190
    Econ4Every1, exports directly contribute and imports directly reduce their nation's balance of trade (i.e. net exports). A trade surplus is positive net balance of trade, and a trade deficit is a negative net balance of trade. Due to balance of trade being explicitly added to the calculation of their nation's gross domestic product using the expenditure method of calculating gross domestic production (i.e. GDP), trade surpluses are contributions and trade deficits are "drags" upon their nation's GDP.

    Trade deficits' drag upon their nation's GDP particular drag upon their numbers of jobs.

    Respectfully, Supposn
     
    Last edited: Nov 21, 2017
  8. Supposn
    Offline

    Supposn VIP Member

    Joined:
    Jul 26, 2009
    Messages:
    1,688
    Thanks Received:
    54
    Trophy Points:
    85
    Ratings:
    +190
    Or you won't work for coolie wages.
     
  9. Supposn
    Offline

    Supposn VIP Member

    Joined:
    Jul 26, 2009
    Messages:
    1,688
    Thanks Received:
    54
    Trophy Points:
    85
    Ratings:
    +190
    AnotherLife, regardless of to what you attribute USA's chronic global trade deficits of goods, they are net detrimental to our GDP and numbers of jobs.

    Respectfully, Supposn
     
  10. Supposn
    Offline

    Supposn VIP Member

    Joined:
    Jul 26, 2009
    Messages:
    1,688
    Thanks Received:
    54
    Trophy Points:
    85
    Ratings:
    +190
    EdwardBaiamonte, the Import Certificates trade policy is substantially market rather than government driven.
    It does not discriminate among foreign nations or determine what's shipped where and at what price.
    It does not intervene with the values of specifically designated scarce or precious mineral materials that may be integral to global goods being shipped, but otherwise it will not tolerate its nation experiencing an annual global trade deficit of goods. All shipments' values are determined and expressed as within USA ports and in U.S. Dollars.
    Respectfully, Supposn
     

Share This Page



Search tags for this page

azs

,

best cameras