Title: Identify major challenges to the United States as an importing and exporting nation.
Course: Opportunities in Global Trade (12056-I) > Section: Examining World Trade Issues

Identification should include

- economics
- political situation
- legal agreements
- environmental issues
- value of the U.S. dollar
- fluctuation of currencies
- increased security measures
- increased regulatory measures (e.g., banking, customs)
- increased costs of doing business
- obstacles to online marketing.

Process/Skill Questions:

- How do we identify the major challenges to the United States as an importing/exporting nation?
- What challenges may arise when a country with one form of economic system imports/exports to a country with another form of economic system?
- What are examples of political factors that create challenges to the United States as an importing/exporting nation?
- How do international legal systems affect liability, contracts, and trademarks?
- What are major environmental factors that create challenges to the United States as an importing/exporting nation?
- How can a business in the United States protect itself from international political risks?
- Why might a citizen object to the government creating import trade barriers?
- What factors should a company consider before investing in a particular country?
- How does political instability affect the value of a country’s currency?
- How might currency exchange controls affect the trade situations of a country?
- What geographic and cultural factors create challenges for international trade?