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Discuss some of the major effects of the global spread of consumerism.
Domestic Assets
Domestic assets are financial assets located within a country's borders and denominated in the country's domestic currency.
Foreign Assets
Financial assets held in a country other than the investor's home country, including stocks, bonds, real estate, or currencies.
U.S. Net Exports
The value of goods and services exported by the United States minus the value of goods and services it imports, reflecting the country's trade balance.
U.S. Net Capital Outflow
The difference between the amount of U.S. assets bought by foreigners and the amount of foreign assets bought by Americans within a specific time period.
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