The U.S. Trade Deficit Research Paper Example | Topics and Well Written Essays - 1250 words - 1

The U.S. Trade Deficit - Research Paper Example Its GDP is almost a quarter of the global GDP combined. In addition, its military budget is as much as the entire globe’s defense spending combined. As per the UN 2010 estimates, the U.S has a population of close to 318 million and the largest city in New York to Washington DC as the capital. The main language spoken is English while the major religion is Christianity. The U.S Dollar is the monetary unity or the denomination. The American business environment expects etiquette, professionalism, and efficiency when conducting business. The political environment of the U.S has been stable for a long time. The country is headed by the Democratic Party, which has been leading the country since 2009 through the current President Barrack Obama who was elected in 2008. By 2008, the country was facing its worst economic crisis since the 1930 depression as the cost of living had skyrocketed towards the end of President Bush’s administration. American political environment is cha racterized by federalism, separation of powers, checks and balances, and representative democracy. The American legal environment comprises of laws that businesses are required to follow for the interest of the environment and the American population. The government shows more seriousness in the environmental policy, which seeks to ensure that activities are, regulated so as to reduce the impact on the environment. There are many laws and bodies that enforce them such as the Environmental Protection Agency that controls ideas such as disposal of hazardous waste. The U.S economic environment has been recovering since the recent economic crisis that hit the country towards the second half of the last decade. According to the IMF, although the recovery has been moderate, the underlying fundamentals have experienced gradual improvements. The country has seen a modest growth rate of 2.2% throughout the 2012 financial year.