Question

1. U.S. economy, like any other economy is globalized. In that context, will the policy of...

1. U.S. economy, like any other economy is globalized. In that context, will the policy of “America first” help U.S. economy grow at a steady rate? Provide references to your discussion.
2 United States has large trade deficits with many countries. Discuss at least two reasons for the trade deficit. Note: Your discussion must be based on positive economic analysis. Avoid interjecting your own personal opinion.

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Answer #1

1) the " America First " policy is all about nationalism and non-interventionism whereby America would not get into any alliance with other country and would foster only American interests and nationalism . Abandoning trans Pacific Partnrship Trade deal and rejecting Global Climate aggrement are actually making America isolated . Globalization means integration whereby countries are linked through international trade based on comparative advantages and other trade aggrements . So this policy of America First is actually violating sound trading relations and isolating America . So US ecnomy is not expected to grow at a steady state due to this disruption .

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