Exports to Developing Countries Boost U.S. Economy – Chris Policinski
“Exports to Developing Countries Boost U.S. Economy”
by Chris Policinski
Roll Call: June 30, 2010
This weekend, business leaders, heads of state, journalists and leading thinkers will be gathering in South Africa for events of the utmost importance for both the U.S. and the developing world. No, not the World Cup, but the 2010 Global Forum, convened by the editors of Time, Fortune and CNN. This year’s forum will focus on the many economic opportunities that exist in the developing world — opportunities that stand to benefit both the citizens of developing countries as their economies grow and the wealthy countries that are able to partner effectively with these emerging economies. The reality is that investing abroad is an essential part of America’s economic recovery.
When jobs are scarce and economic times are tough, we can’t ignore the fact that the fastest-growing markets for America’s goods are in developing countries. These countries represent 40 percent of U.S. exports already, but there are more people overseas who would buy American products if we just opened the doors. We can create thousands of jobs for working Americans by developing new markets. In fact, the process has already begun. Over the past four decades, international trade has tripled as a share of our national economy. Despite all the talk of the decline of American manufacturing, U.S. exports account for one out of every five American jobs…
Chris Policinski is the CEO of Land O’Lakes Inc. and is on the board of the U.S. Global leadership Coalition.
