Three years into the National Export Initiative, and just as Brookings is primed to further scale up its Metro Exports Initiative (MEI) to meet rising demand, there appears to be growing skepticism in some circles about the prospect of embracing and promoting exports in the face of a potential global economic slowdown. The media, regional leaders, and other interested parties--all are questioning whether the European debt crisis, a slowdown in China, and the overall weakness of the economic recovery make this a poor time to prioritize and pursue exports. Does it make sense for U.S.
Earlier this week, after a lengthy period of uncertainty, the Senate passed the reauthorization of the Export-Import Bank (Ex-Im Bank) of the United States. This is good news, as my colleague Devashree Saha has detailed in other postings, as the Ex-Im Bank is an important element of our National Export Initiative and a critical source of needed financing for would-be U.S. exporters. And yet, there is still work to do to ensure that the Ex-Im Bank keeps pace with the fast-changing U.S. economy and the latest dynamics of U.S.
In a rare bipartisan compromise, the House last week approved the reauthorization of the U.S. Export-Import (Ex-Im) Bank, ensuring that the bank will continue to provide critical financial assistance to U.S.
Amid growing concerns over Greek debt and the probability of another economic slowdown, the administration quietly launched SelectUSA last week, an initiative designed to attract foreign direct investment to the United States. While announced at a Business Roundtable event, SelectUSA went relatively unnoticed by the media, far less so than the highly-publicized National Export Initiative of 2010. However, this does not mean that foreign direct investment (FDI) in the United States is less important than growing U.S.
Efforts to boost U.S. competitiveness feature prominently in the administration’s FY 2012 budget. Significantly, the proposal expands the nation’s export playbook because growing exports requires more than trade and currency policy tweaks.
In this year’s State of the Union, President Obama made one of his goals the doubling of US exports in five years. The president launched the National Export Initiative in March 2010 at the Export-Import Bank’s Annual Conference. This export promotion policy is focused on increased trade financing, advocacy, and assistance for American businesses, especially small- and medium-sized businesses (SMBs) interested in expanding their markets abroad. The latest profile of the U.S. exporting companies released this week by the Department of Commerce shows the landscape of U.S. exporters. U.S.
In his State of the Union address, President Obama announced the creation of a “National Export Initiative,” as part of an ambitious goal of doubling exports in five years. (The real value of exports typically double every 13 years, and a five-year doubling hasn’t happened since the years immediately following World War II, an anomalous period to be sure).