What is the trade standard of Nestle?

What is the importance of trade related to the standard of living of the US?

• What is he importance of trade related to the standard of living of the U.S. (as opposed to that of a small industrial nation or to a developing nation)?

• Answer:

  No trade means starvation for some and 3rd world living standards for the rest: - The U.S. imports more than 60% of its oil. No imported oil means the collapse of the U.S. economy as we know it. http://www.indexmundi.com/energy.aspx?country=us Obviously, no living in suburbs where cars are required; yet how long would it take to build enough housing in the city downtowns, enough public transportation, to move offices to where people can get to them, etc., etc. - The U.S. imports all sorts of minerals that its doesn't produce itself and that are necessary for modern devices. Without imports, no stainless steel, none of the other "miracle" materials, etc. http://www.nytimes.com/2010/06/17/business/global/17minerals.html - The U.S. imports all sorts of high-tech goods from abroad, including drugs and medical equipment: http://www.smartconsultinggroup.com/2009/10/us-falls-behind-europe-in-research-and-drug-development/ computers and other electronics - and all of the above does not include the 32% of U.S. imports that are consumer goods https://www.cia.gov/library/publications/the-world-factbook/geos/us.html For some countries, the impact would be even greater - in Japan many more would starve and do it sooner (Japan imports more than half its food and all its oil). Developing countries would be less affected because they have that much less to lose, but it certainly would be painful there too. Autarky is a loser. http://en.wikipedia.org/wiki/Autarky Just look at the starvation in North Korea.