Discussion Prompt
Our textbook’s discussion of international trade leaves open questions about the overall benefit of globalization and trade itself.
- Do you agree with the notion that international trade should be expanded as much as possible? Why or why not?
- Do you believe the United States benefits from international trade more than other countries? Briefly describe why you feel that way.
- In 2023, the total dollar value of U.S. exports was around $3.1 trillion and the total dollar value of U.S. imports was around $3.8 trillion. There is more information on the breakdown of exports and imports by major categories in the Annual 2023 Press Highlights from the U.S. Census Bureau, available here: https://www.census.gov/foreign-trade/statistics/highlights/AnnualPressHighlights.pdfLinks to an external site.. Pick a statistic published in the Annual 2023 Press Highlights (for example, imports of automotive vehicles, parts, and engines were the highest on record at $458.4 billion, or the 2023 deficit with South Korea was the highest on record at $51.4 billion) and describe whether you think your chosen statistic is a “good” or “bad” thing for the U.S. economy, and why.
Replies
Please reply to the posts of at least two classmates, including in each reply both a follow-up question and a point of connection with something your classmate stated in their post.