The Export Imperative

Yesterday I felt like both Pauw & Witteman in my role of moderator for an economic guest speaker at the WFIA.

The lecture focused on The Export Imperative of the United States, clarifying the need to increase US exports to help reduce its debt burden. Since the late 1970’s Americans have been consuming more than they’ve produced, resulting in continuous trade deficits and an increasing dependence on foreign capital. At 10% of GDP, US exports fall significantly short in comparison to the rest of the world: The Euro area and China export 40% of GDP, while Canada trades close to 36% of GDP.

Our guest lecturer was Mr. Howard F. Rosen, an affiliate of the Peterson Institute for International Economics, an independent think-tank and research institution devoted to the study of international economic policy. In his lecture Mr. Rosen provide answers to the questions: “why export?” and “what to export?” His insights proved valuable to anyone involved in investment acquisition with the US, as it provided a better understanding of the levers that influence the US economy.

Following the lecture attendees were provided the opportunity to pose questions and share their thoughts, while lunch was served.

Kind regards,

ME