Topic Category: U.S.

As we enter 2011, the American public is not feeling good about the future. According to a 2010 year-end Rasmussen Reports survey, a provider of public opinion polling information, only 31 percent of respondents said the country was headed in the right direction. A second December survey indicated that Americans were less optimistic about 2011 than any previous year since the question was first asked seven years ago.

This is understandable. The U.S. economic recovery is not vibrant enough to support job growth necessary to dent unemployment, which hovers near 10 percent. Although the short term outlook is less than stellar, the future of America is.

Topic: U.S.
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International trade significantly contributes to American economic growth and well being. For example, in 2008 exports and imports generated nearly 30 percent of U.S. economic growth, up from 20 percent in 1990. Alone, exports contributed nearly 13 percent, measured by gross domestic product (GDP).

Although these figures dropped in 2009 due to the Great Recession and a decrease in world trade, the importance of global business has not diminished. In fact, according to a newly released Department of Commerce report, Exports Support American Jobs, exports supported over 10.3 million American jobs in 2008 and more than one in four manufacturing jobs.

Topic: U.S.
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American exports have traditionally played a vital role in U.S. economic expansion. Now, they have become even more important since job growth is key to a sustained economic recovery. Local and state governments, as well as local trade organizations such as World Trade Centers and chambers of commerce, can play a more integral role in helping small and medium enterprises (SMEs) increase exports.

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In order to more quickly mitigate the effects of the current economic crisis, achieve favorable levels of growth and seize the benefits presented by global trade, it is imperative for companies to expand internationally. But to do so, it’s essential that elected officials do not craft protectionist policies, but instead pass trade liberalizing legislation that further opens foreign markets.

Topic: U.S.
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America’s economy is in the vanguard of one of the most significant advances in the world’s economic history. Economic globalization is integrating national markets through international trade and investment.

We are witnessing unparalleled developments in microelectronics, computers, telecommunications, transportation logistics, and finance. Combined with new global realities, these developments are changing the way we live and work.

Topic: U.S.
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America is undergoing one of the greatest periods of transformation in history. Not unlike the powerful changes caused by the industrial revolution that shaped the 19th and 20th centuries, today, globalization is shaping the 21st century and the United States is leading the way.

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Last year the United States attracted $180 billion in foreign direct investment. This is extremely important since inbound investment creates millions of high-wage, high-skilled American jobs that support our growing standard of living. But protectionist trends could disrupt this.

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Tainted Chinese imports have become a serious problem. The Chinese government realizes this and has taken swift action, including shutting down 180 food processing plants since December and executing the former director of the its drug and safety agency for corruption.

But due to economic realities beyond that government's grasp, Chinese imports likely will continue to be a problem in the short term. That's why American importers need to step up to the plate and assume greater responsibility.

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If a government policy creates many higher-paying jobs while putting fewer lower-paying ones at risk, would you favor it?

Virtually everyone would say yes. So why are free trade agreements — mechanisms that generate far greater benefits than disadvantages — perceived so negatively?

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Contrary to some claims, only a very small percentage of American jobs are ever put at risk from imports. And surprising to many, U.S. employment has been strong during periods of elevated imports.

According to the Progressive Policy Institute, A Washington, D.C.-based Democratic led think tank, research indicates that at most, imports account for approximately 5 percent of layoffs, and more likely between 2 percent and 3 percent.

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