Wal-Mart and the Importance of Investing in Markets Overseas
Yesterday’s letter signed by more than 50 business leaders to Congress urging full funding for the President’s FY 2011 International Affairs Budget request highlights that “now more than ever, America’s economy is linked with global trade and economic growth.” A Washington Post article from this week highlights the international growth of USGLC Board Member Wal-Mart, one of the letter’s signatories, as the company continues to expand its presence overseas. Wal-Mart’s international sales are growing at almost nine times the rate of domestic sales. As U.S. companies expand their international markets and increase trade, the Internationall Affairs Budget helps spur economic growth and job creation here at home.
