11.The usa*s role in the world*s economy

The US economy is the world’s largest, most powerful and most diverse. The roots of this lie in the physical expansion and development of the country during the 19th century.

The USA’s most important trade relationship is with Canada The two countries concluded a free trade agreement in 1989: this accord formed the basis for the North American Free Trade Agreement (NAFTA).

The United States is the largest importer of goods and third largest exporter, though exports per capita are relatively low. Canada, China, Mexico, Japan, and Germany are its top trading partners. In 2007, vehicles constituted both the leading import and leading export commodity.  The United States ranks second in the Global Competitiveness Report.

The United States is the third largest producer of oil in the world, as well as its largest importer. It is the worlds number one producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, and salt. While agriculture accounts for just under 1% of GDP, the United States is the worlds top producer of corn and soybeans.

Main trade partners: Canada, China (PR), Japan, Mexico, France, Germany, Korea (Rep), Taiwan and UK.

The U.S. is a member of several international trade organizations.

As the major epicenter of world trade, the United States enjoys leverage that many other nations do not. For one, since it is the world's leading consumer, it is the number one customer of companies all around the world. Many businesses compete for a share of the United States market. In addition, the United States occasionally uses its economic leverage to impose economic sanctions in different regions of the world. USA is the top export market for almost 60 trading nations worldwide.

Since it is the world's leading importer, there are many U.S. dollars in circulation all around the planet. The stable U.S. economy and fairly sound monetary policy has led to faith in the U.S. dollar as the world's most stable currency.

9 The USA^S economy

The US economy is the world’s largest, most powerful and most diverse. The roots of this lie in the physical expansion and development of the country during the 19th century. As a result, the USA benefited from a unique combination of mass immigration, technological and marketing innovations, exploitation of natural resources.The United States has a capitalist mixed economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.

The United States is the largest importer of goods and third largest exporter, though exports per capita are relatively low. Canada, China, Mexico, Japan, and Germany are its top trading partners. In 2007, vehicles constituted both the leading import and leading export commodity.  The United States ranks second in the Global Competitiveness Report.

The economy is postindustrial, with the service sector contributing 67.8% of GDP, though the United States remains an industrial power. 72% of economic activity comes from consumer spending. The leading business field by gross business receipts is wholesale and retail trade; by net income it is manufacturing. Chemical products are the leading manufacturing field. The United States is the third largest producer of oil in the world, as well as its largest importer. It is the worlds number one producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, and salt. While agriculture accounts for just under 1% of GDP, the United States is the worlds top producer of corn and soybeans.Main exports: Machinery and transport equipment, computers, electric power equipment, industrial machinery, motor vehicles and parts, manufactured articles (especially scientific measuring equipment), and chemical elements and compounds, including plastic materials. • Main imports: Machinery and transport equipment, engines, office machines, telecommunications equipment,