The continuing slump in the economy of the United States decreases the amount of purchases…
Integration elements such as cross-border investment and international trade are important factors that lead to the interdependence of countries, characteristic of globalization. International trade has expanded tremendously in the last few decades and the effect has been the provision of varied and less expensive products to the people of the United States (Kohut, 2008).
There are growing trade ties among nations, and companies in the United States are continuing to enjoy the support of other countries as they expand and venture into the international markets.
The rising liberalization of trade as governments continue to embrace foreign influence and competition through minimizing import tariffs and export restrains has impacted companies in the United States (www.worldbank.org, 2012). Domestic companies now have increased access to international markets.
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