Online Travel Reviews and Information

What type of impact do you think the United States economy has on the World economy?

Please help. I don’t know much of the economy, but yet my teacher expects me to answer this. Can you help me PLEASE. Please keep your answers very simple and understandable.

What type of impact do you think the United States economy has on the World economy? Explain your answer. Specific examples might include:

References to the impact September 11th (9/11) had on our economy and the resulting effects of the world economy (travel/airlines, etc)

U.S. participation in the World Bank and International Monetary Fund – the U.S. has a large say in how much is loaned and which countries receive loans.

U.S. trade and its importance to the stability and economic development of other countries.

The GDP in 2005 was $12.41 trillion. The World GDP was $61.08 trillion, thus, the US GDP is 20.3% of the world’s economy. If the US GDP dropped by 1%, that’s 124.1 billion dollars lost. That’s greater than New Zealand’s GDP, which is 58th out of 180 countries (ranked by the IMF).

2.) The US holds 16.4% of the voting rights at the World Bank, more than any other country. Voting rights are calculated as a combination of being a member plus an amount based on the financial contribution into the Bank. Since the World Bank helps many smaller countries improve their economy, the ability and willingness of the US to fund the World Bank and work with these countries has a huge effect on their economy.

3.) The US exported $800 billion in 2005, and imported $1.5 trillion. $2.3 trillion dollars works out to being 3.78% of the world’s GDP – thus US trade is a huge componant of the global economy. More importantly, 49% of US exports are capital goods – defined as goods used to improve an economy and/or infrastructure. That’s essentially $400 billion in capital goods that go to other countries that is pumped directly into the economy.

Also, the US gives $6.9 billion in economic aid to other countries. Some states, such as the Palestinian authority, literally live and die by foreign aid (as evidenced when everyone cut aid to them).

Bad Economy Makes Travel Cheaper

Economy Retainer Case – Light Blue $0.99 With a sleek, easy-to-carry design, Economy Retainer Cases feature a precise snap closure, along-lasting continuous hinge and a vented lid. Patient id stickers included….

St. Louis Cardinals Grilling BBQ Apron Best Gift $13.95 Also has matching trim and straps.They are 100% cotton, 34″ long and 29.5″ wide….

Nylon Rolling Travel Backpack (Black) $9.99 Carry everything you need conveniently and swiftly with this Nylon Rolling Travel Backpack!The WB8691 features rubberized wheels, a durable luggage handle to wheel through the airport, and plenty of space to hold all your travel items. The WB8691 also features plenty of zippered storage pockets, giving you protected spots to place your things. Order your Nylon Rolling Travel Backpack today!

Guardian Economy Crutch Cushion, Pair $9.08 Guardian Economy Crutch Cushion

Tags:   economy travel · economy travel and tours · economy travel industry · economy travel insurance · economy travel orlando · economy travel packages · economy travel reviews · economy travel uk · economy travels atol · economy travels uk reviewNo Comments