Free Trade Fact of the Day
Posted May 16th, 2008 at 12.15pm in American Leadership.
The U.S. Chamber of Commerce recently unveiled TradeRoots.org which “is the only sustained, national trade education program dedicated to raising grassroots support and public awareness about the importance of international trade to local communities.” Their “Facts” page includes:
Exports have been growing two to three times faster than the economy as a whole.
Over one-fifth of the growth in U.S. GDP depended on exports in 2005.
Jobs supported by goods exports pay 13-18% higher than the average wage.
Small businesses represent 97% of all U.S. exporters, and produced 28.6 percent of the known export value in FY 2004
One in three acres of U.S. agricultural production is exported.
- Author: Conn Carroll
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June 4, 2008 McCain vs. Obama i P1 Morgon « Charlie Weimers writes:
[…] his position, he would be no different than McCain on the issue. Talk about the Audacity of Hope. In 2005, over one fifth of all US economic growth came from trade. No matter how much Mallaby wishes it otherwise, Obama has promised that one of his first priorities […]