Modern business geography

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Monograph

Identifikator:: 1830562916

URN:: urn:nbn:de:zbw-retromon-217337

Document type:: Monograph

Author:: Huntington, Ellsworth http://d-nb.info/gnd/117070092; Cushing, Sumner W.

Title:: Modern business geography

Place of publication:: New York [usw.]

Publisher:: World Book Company

Year of publication:: 1930

Scope:: VIII, 352 S.; Ill., graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Part four. The field of consumption

Collection:: Economics Books

Foreign Countries and World Markets 301 Our trade with Germany increased rapidly from the time when she began her manufacturing career, a few decades ago, but it has been of the kind that benefits that country more than this. We send her raw ma- terials or goods like bacon, lard, and sheet copper, that have been only a little changed, and upon which we make only a slight profit. She sends back dyes, drugs, and chemicals, — highly manufactured goods upon which she makes a large profit. PROMISING MARKETS FOR THE UNITED STATES Although the trade of the United States with Europe is likely always to remain our most important commerce, the opportunities for a rapid broadening of the market for our manufactured goods are great elsewhere. Such opportunities are found in four groups of countries where manufacturing is carried on and where we have some advantage over Europe : (1) Countries in which we have the advantage of nearness. This group includes Canada, Mexico, Central America, and the Pacific countries of South America. Regions in which we have tariff advantages. This group in- cludes only our own detached units; namely, the Philippines, Porto Rico, Alaska. the Hawaiian Islands. and some smaller islands. 3) Countries that require goods made from raw materials which we produce in far greater abundance than Europe. This group includes certain markets in various countries. For instance, we raise so large a part of the world’s cotton crop that we ought to furnish cotton goods to such countries as China. We mine so much copper that we should supply the market with electrical goods in countries like India and Argentina. Such a flood of petroleum comes from American wells that we supply much of the world’s market with kerosene. Regions like South Africa, Australia, and Argentina, that are in about the same stage of industrial development as the west- ern United States. Hence the agricultural and mining ma- chinery that we make in great quantities for our own use is just what they require. (4) CHINA AS A MARKET China’s enormous population of about 325,000,000, or nearly a fifth of the human race, ought to make it a huge market. But these millions are not advanced and prosperous enough to desire what the outside world has to offer them or to be willing and able to pay for it. In-

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