Homework1 Assignment Example | Topics and Well Written Essays - 250 words

Homework1 - Assignment ExampleEliminating tariffs on traded commodities between the two nations ensures discredit prices and therefore ability to purchase commodities for meeting needs. It also increases variety of commodities in the market to facilitate utility. In addition, promoting international trade increase employment opportunities and income of intricate stakeholders in production and distribution. Reported statistics on potential of Blacks to benefit from the possible action also identify the need for diversified economic initiatives for benefits to diversified population segments (Drew 1).The initiative has diversified benefit to the United States. It offers greater economic opportunities for the nation in Columbia by allowing products from the United States to be more prices competitive to domestic products in Columbia. The initiatives effects of increased international trade also has benefits such as increased variety of commodities to US consumers, reduced commodity p rices, increased variety of goods, and increased employment rates due to increased productivity from the expanded market (Drew 1).A similar initiative could be duplicated in another(prenominal) countries because of effects of globalization that requires international corporation and benefits of facilitated international trade that are universal to all countries (Drew 1).Drew, Alton. Getting ahead of Obamas national export initiative. Politic365. whitethorn 24, 2013. Web. June 3, 2014.