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Foreign minister Essay According to a former French foreign minister, America’s power lies in its ability to â€Å"inspire dreams and desires† due to its eternal presence in media all around the world. In an interconnected world, there is no doubt that the America more than country has acquired status of an empire, turning the world towards American ways. Some reason American military might and others consider its media the real power, however it’s the American businesses, which have changed the world enormously in the last 100 years. American companies today are doing not just business, but they have made America a world economic power. A slight depreciation in dollar or energy in US, the whole world can feel pinch of the impact. In a global economy, American companies are reaching out to the consumers and exploiting markets, be it China or Latin America or Japan or African countries, they are the force to reckon with. As they arrive in the region, they bring in capital, technology, knowledge and jobs for the local residents. And in addition buy from the local firms contributing to the social activities of the regions. Today America owes the world well- known products and brands, dominating the business models around the globe. Out of 100 famous brands, 62 are American, which is about 62 percent of the well-known brand. American companies contribute to the one third of the world economic output, companies like Coca-Cola, Macdonalds, Apple, IBM, and Microsoft has not only created wealth and jobs at home, but they have also created countless jobs overseas increasing American Influence. American companies deliver their products by basically in two ways: exports and over seas investment. These practices are popular ways of US companies to have their presence in the global business making them connected to many world economies. American firms compete more through foreign direct investment and establish by being on the ground. In simple words, the American firms global engagement is more through manufacturing and selling, such as General Motors manufacturing in Germany, Intel integrating in Ireland, Wal-Mart manufacturing in Jordan, Eastman Kodak competing Fuji in China and capturing sales in Latin America. It is no surprise that during the economic crisis of Mexico in 1995 and Asian crisis in 1997, US companies had the impact, yet not as much as it was anticipated. Even during the crisis American (FDI) was relatively stable due to several inherent superior measures taken by these companies. The US companies are the leading exporters in the world. American companies accounted for the fifty percent of the semiconductor manufacturing in 2005. According to WTO report, the US exports and commercial activities, such as semi-conductors, computers, vehicle spare parts, and pharmaceutical products reached US$1. 01 trillion in 2003. From 1994 to 2003, US FDI (foreign direct investment) reached US$1. 3 trillion, bringing new technologies and managerial skills to developing countries. In fact the US companies are engine of global growth, without them, the world economy can become stagnant.