Advising President of Rodamia

Advising President of Rodamia

Bart Ford

XECO/212

02/12/2012

Dr. Jill Trask

Advising President of Rodamia

International trade can be a delicate endeavor for any government that wishes to grow its economy through new sources of goods and products beyond its own borders. This paper will help those individuals not well-versed in economics or having little to no background in international trade practices.

There are many advantages and limitations regarding international trade. One advantage noted is that by administering trade with neighboring countries we can spend time and resources, otherwise spent on less productive endeavors, more wisely.

What this means to our economy is that our resources will be better spent on creating higher quality goods at a more reasonable price for consumers. Not only consumers within our boundaries will benefit, but also consumers of neighboring lands and possibly across the globe will be able to reap the rewards of our newly found production of goods. This newly enacted trade will help to drive and stabilize our economy, and ultimately help it to grow.

With any advantage to trade there is sure to be limitations that follow. One limitation presumed is that our economy will be at the mercy of other countries ability to create goods and services at the pace we need them to. In order for our country to produce goods of a high nature for consumption in borders outside our own we must decrease funds and resources otherwise procured to those goods for production.

An example of this can be seen with our production of cheese in Rodamia. We have been producing cheese to the point that we are proficient with our endeavors. The fact that other countries are even more proficient at this than we are is not a warning sign for us to look deeper into our practices, but rather a sign for us to decrease production of cheese and use those resources at our disposal to produce something that we can use for trade in the global marketplace, such...