Analysis of Getting Ahead of Obamas National Export Initiative by Drew - Assignment Example

Eliminating tariffs on traded commodities between the two nations ensures lower prices and therefore able to purchase commodities for meeting needs. It also increases the variety of commodities in the market to facilitate utility. In addition, promoting international trade increased employment opportunities and income of involved stakeholders in production and distribution. Reported statistics on the potential of Blacks to benefit from the initiative also identify the need for diversified economic initiatives for the benefit of diversified population segments (Drew 1).

The initiative has diversified benefits to the United States. It offers greater economic opportunities for the nation in Columbia by allowing products from the United States to be more price competitive to domestic products in Columbia. The initiative’s effects of increased international trade also have benefits such as an increased variety of commodities to US consumers, reduced commodity prices, 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 other countries because of the effects of globalization that requires international corporation and the benefits of facilitated international trade that are universal to all countries (Drew 1).