United States Role In The Global Economy

United States grapheme in the Global Economy 999 071 244 ECN 607 Teresa Fung 4/13/2011 Jane Svirski The United States is the hulkingst thrift in the world. This essay outlines its role in the world thriftiness and how the problems of its external and fiscal imbalances touch on evolution in former(a) parts of the world. The United States of America (U.S. or USA) is the largest economy in the world. It has enjoyed this role since human race struggle II. In 2010 USAs estimated GDP per capita was $47,400, with PPP of $14.72 iodin cardinal million million. The breakdown of the GDP is made up of the following bring out sectors: services being 76.7% of the GDP, industry as 22.2 % of the GDP with and 1.2% in agriculture (data as of 2010) (CIA - The realness Factbook). For decades U.S. has been the worlds frugal leader although its role as such immediately has somewhat diminished due to the establish of other economic powers in Asia and Europe. Although United St ates is commonly identify as a free-market economy, however there are several(prenominal) sectors of the economy that are protected by the government such as energy and agriculture. and then it is often referred to as consumer economy (US Economic Profile). U.S., being the lede economy in the world, is also one of the major drivers of worldwide economic activity.

Although with the rise of large economic players such as China, the role which United States plays in global growth has attenuated in the last decade, the exercise that it has over global economy still remains truly strong. In 2010 U.S. was the number one importer in the world with $1.903 trillion in imports and worlds 4th largest exporter with $1.27 trillion in ! exports (CIA - The World Factbook). The US dollar sign has been the most dominant coin in the world since World War II, after Bretton timberland exchange rate dust was established. The Bretton Woods agreement delineate US dollar as the defacto world currency and other currencies are just pegged to it. Although the ameliorate rate system was abolished in 1970s,...If you want to get a full essay, order it on our website: OrderEssay.net

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