Вопрос № 224008 - Английский язык

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In the realm of foreign commerce, the US led the world in value of imports in 1986, and was second only to Federal Republic of Germany in value of exports. Exports of domestic merchandise, raw materials, agricultural and industrial products, and military goods amounted in 1985 to nearly $207 billion. One rapidly growing export category was computers, which rose from $1.2 billiоn in 1970 to $13.8 in 1985, frain exports rose from $2.6 to $11.25 in 1985.

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In the realm of foreign commerce, the US led the world in value of imports in 1986, and was second only to Federal Republic of Germany in value of exports. Exports of domestic merchandise, raw materials, agricultural and industrial products, and military goods amounted in 1985 to nearly $207 billion. One rapidly growing export category was computers, which rose from $1.2 billiоn in 1970 to $13.8 in 1985, frain exports rose from $2.6 to $11.25 in 1985.

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When Honduras exports bananas to Switzerland, they can use the money they earn to import Swiss chocolate - or to pay for Kuwaiti oil or a vacation in Hawaii. The basic idea of international trade and investment is simple: each country produces goods or services that can be either consumed at home or exported to other countries.

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The main difference between domestic trade and international trade is the use of foreign currencies to pay for the goods and services crossing international borders. Although global trade is often added up in U.S. dollars, the trading itself involves various currencies. Japanese videocassette recorder is paid for in German marks in Berlin, and German cars are paid for in U.S. dollars in Boston. Indian tea, Brazilian coffee, and American films are sold around the world in currencies as diverse as Turkish liras and Mexican pesos.

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In an interlinked global economy, consumers are given the opportunity to buy the best products at the best prices. By opening up markets, a government allows its citizens to produce and export those things they are best at and to import the rest, choosing from whatever the world has to offer.

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There are some institutions and policies in the world that foster international trade. If these institutions did not exist, many companies would not at all be able to go international. The U.S. government created the Export - Import Bank (Eximbank) in order to reduce unemployment in the country. Eximbank makes loans to U.S exporters and foreign buyers of U.S. imports if private financing is not available. A firm can also buy insurance from the Foreign Credit Insurance Association (FCIA) to cover political risk (such as expropriation and loss due to war). The exporter can also buy insurance coverage on credit sales to foreign customer.