Trading Nation is an eBook written by Stanley Meyer and Hal Bradshaw. They are both traders and brokers who have over 40 years experience in the markets. The title of the book is a reference to the fact that most of the trading world operates like a Trading Nation. A trading nation is an area where foreign trade constitutes a big percentage of the gross domestic product. Most countries around the world operate like this, including Canada.
So what does it mean when someone says that Canada is a trading nation? For one thing, Canada is one of the largest importers of goods into the United States. It takes in more goods than any other country outside the European Union. Canada’s economy is based largely on international trade, so it stands to reason that the country exports a lot of goods. These include both goods produced within the country as well as those imports from other countries.
In fact, Canada is one of the biggest sources of agricultural products outside of the United States. In particular, beef, wheat, fruit, vegetables and other products are popular in the US among importers from Canada. It stands to reason that a lot of farmers in Canada would be selling their products to the United States without ever seeing the other side of the border. In addition to agricultural exports, Canada is an exporter of automobiles, machinery, chemicals, petroleum, coal, wood and other goods. If you’ve been looking for a reason to send something back to Canada, then you’re going to find it here.
Another interesting aspect of Trading Nation is the idea that it suggests that a lot of the problems the United States has with international trade rest with the fact that American companies don’t look at the other side of the negotiating table as much as they should. They see the other side as an enemy. As an example, the book discusses the case of softwood lumber, which is a particularly important export for the United States. However, the United States was dealing with the Japanese when the dispute over softwood lumber first started.
The author makes the point that there is nothing inherently wrong with the United States’ ability to negotiate good deals on its own, but it is also true that the US should learn to work more effectively with other nations outside the United States when it comes to global trade issues. The author makes this comment: “If the United States does not improve its internal trading system so that it can better coordinate with the trading nations, it will continue to lose global trade. That’s a big mistake.” Indeed, I hope this article has been beneficial to your understanding of Trading Nation and the importance of global trade.
One thing I have learned in the last few years is the value of being a global player, trading nation, whatever you wish to call it, if you want to win in international trade. Many believe that free trade is bad and they are correct. However, there are plenty of reasons to support free trade and that goes for trade with the other countries as well. If the United States does not improve its internal trading system so that it can better coordinate with the trading nations, it will continue to lose international trade. That is a very big mistake. Please consider all this.