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Liz Truss, the UK's International Trade Secretary, supports easing import and export regulations for cheese to promote trade and boost the economy.

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4mo ago

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What are visible and invisible exports?

VISIBLE EXPORTS are actual goods which are sold to other nations by domestic firms, like tables, TVs, and vehicles.INVISIBLE EXPORTS are services which are sold to other nations by domestic firms, like banking, insurance, and tourism.


After World War I the US chose to stay out of foreign affairs?

No. After World War 1 the US decided to stay out of the League of Nations and to minimize its large-scale international activity. But the US continued to exchange ambassadors with other countries, to import and export products and offer help following disasters, particupate in the International Postal Union and other international regimes and generally to manage its foreign affiars.


What are the problems a country may encounter when it decides to import the technology developed in the other nation?

The environment, situation, culture are unique for every country in the world. There is not any single country with identical culture or philosophy. So if a country decides to import technology developed in the other nation, they must take their culture and philosophy into consideration.


Why should you care about what happens in other countries?

There are two good reasons to care about what happens in other countries. In purely practical terms, other countries do have an effect on your country. Every country has some degree (and often quite a lot) of commerce with other countries; you export products to them and import other products from them. The US, for example, imports a lot of oil. So, what happens in other countries has economic consequences in your country. There are also immigrants, both legal and illegal, who have an effect on your country. Or, you too may decide someday that you would like to live in another country. And when things go particularly badly, sometimes another country will go to war with your country, which also has serious consequences. Even if a country does not declare war, it may support terrorism. Other countries can be dangerous. The second reason to care is simply that human beings live in every country, and since we are all human beings, we should care about each other. This is an important part of what it means to be human. If you do not care about other human beings then I would consider you to be overly selfish (not that you necessarily care what I think about you).


What are some of the challenges facing the Russian federation?

The Russian Federation has many challenges. Because it is a major military & economic nation in the world, how it handles these challenges is of great import to the world it affects. Here are some major challenges: A. Major foreign policy issues; Russia has alliances with Nations the USA and other nations deem to be terrorist nations such as Syria and Iran. How Russia handles the world problems in such countries is of vital importance to the world; B. Major internal problems. Russia as the USSR and now as a non communist nation is composed of many small "areas" or districts that have issues of leaving Russia to become independent nations as did the Ukraine did, and serious economic issues with the smaller jurisdictions within the Federation.