Exporting by states in the United States Essay Example | Topics and Well Written Essays - 250 words

tradeinging by states in the get together States - Essay ExampleA state of Ohio has a mandate to employ its citizen in the labor market. Export trade creates job opportunities, and that contributes positively to expansion in GDP of a state. An increase in a countrys GDP results in an increased per capita income hence a general improvement in the welfare of the citizens.Ohio would formulate favorable foreign policies to attract foreign currency. A country may export its products to those countries with competitive prices. The State of Ohio would focus on those states, which offer highest prices for same products.Commodities with relatively favorable returns in the topical anesthetic market need no export. Goods have different cost of production and attract different revenue, accordingly if export trade is not profitable, it is null and void strategy for a firm. Some countries prohibit meaning of certain commodities thus can only trade locallySen, Sunanda. International trade the ory and constitution A review of the literature. Levy Economics Institute of Bard College, Working Paper No. 635. November 2010.