Friday 8 June 2018

What would the world be like without the US?

The US has the largest economy and is the centre of international trading, though the current US president does not seem to like the idea of globalisation. The international trading depends on technology, globalisation, multinational companies, outsourcing.

Technology is one of the drives in international trading, particularly transportation related technology is the most crucial technology. The current cheapest transport way is by ships. The largest ship builders are currently located in Asia. The international trading would not be affected via the technology channel, especially the shipping transportation channel, if the US disappeared.

There are many US multinational companies, which are running multi billion businesses all over the world. If the US disappeared, there would be many people around the world out of jobs; however, this would bring more opportunities for other countries’ companies, especially European companies, since China and Russia have already had their versions of Google, Facebook and other American companies.

Outsourcing would definitely be scaled down if the US disappeared, this would make many businesses close down since they would lose their major business clients. This issue would not be erased because the US is such a large economy.

To conclude, if the US disappeared, the international trading would suffer from the scale-down of outsourcing, but create more opportunities for many European companies.

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