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> The US has an overwhelmingly domestic economy Of the 10 of the World's most valuable companies, 8 are American. Apple, Google, Microsoft, Amazon and Facebook

• Barrin92 8y ago
  Actually they sort of do. Domestic / foreign revenue is about split for Facebook and Microsoft, and Amazon makes twice as much in NA than outside of it, tendency increasing. And most importantly, even those global companies constitute only a fraction of the entire US economy. Most of the US economy is not organised in publicly traded, globalized, businesses. The bottom line is, as can be seen in the American export and import balance, a strong tendency to consume global goods rather than sell them. The reverse is true for China. That's why China pursues an expansionist economic foreign policy, whereas American economic policy is largely divorced from its foreign politics.