UNREALIZED POTENTIAL FOR USA FOREIGN TRADE: CURRENT STATE AND PERSPECTIVES
Journal Title: ВЧЕНІ ЗАПИСКИ ТАВРІЙСЬКОГО НАЦІОНАЛЬНОГО УНІВЕРСИТЕТУ ІМЕНІ В.І. ВЕРНАДСЬКОГО СЕРІЯ: ЕКОНОМІКА ТА СУСПІЛЬСТВО - Year 2018, Vol 29, Issue 4
Abstract
The USA foreign trade strategy is primarily conditioned by the objective need to implement a strong national export potential, the country’s participation in the international division of labor, and the maximum use of the competitive advantages of international specialization and co-operation. The optimization of key macroeconomic proportions - between production and consumption, revenues and payments in international settlements is of great importance. At the same time, in spite of a decrease in the relative indicators of the participation of the production sector in the production of GDP and total value added, it is the basis for the formation of a qualitatively new production structure and employment structure in the USA economy. It has become a powerful incentive for increasing domestic production as the main instrument for expanding supplies of goods and services at national borders, which allows the USA to maintain stable macroeconomic growth and firm competitive advantages in the most important areas of scientific and technological progress and innovation development.
Authors and Affiliations
A. Shlapak
Keywords
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