A longstanding company which won’t disappear overnight, and the low-level offers can safely accommodate projects of a smaller scale. Just keep in mind that you are on your own, even on a managed VPS service, as I wouldn’t rely too much on GoDaddy’s live assistance for anything. Indeed, the company knows how to cut a deal, but it knows equally well how to cut corners.
Thus, you could use servers from other countries as well without facing any difficulties or additional duties from the governments of either country.
The answer to this question is a definitive “maybe.” Since you’re looking at this site, you might be a Web designer who has a few sites, an online portfolio, and a couple of long-standing clients whose sites you manage. Is a VPS for you? Well, you’ve most likely outgrown a shared platform, and as a professional, it won’t do to have your site run poorly because another site that you share a server with is using more than its fair share of resources. A dedicated server could be overkill – if you don’t need all the resources on a consistent basis, you may not be able to justify the expense.