Expansion Lies in Selling Foreign Markets

According to the Commerce Department, U.S. exports grew by almost 17% to $1.8 trillion last year.  Imports jumped nearly 20%, pushing the annual trade deficit up to almost $498 billion, a 32.8% increase that marked the biggest percentage gain in a decade.

And look at what the big focus is:

With developed economies growing slowly, U.S. companies are recognizing that expansion lies in selling to other foreign markets—some that were long seen as competitors. The Obama administration is pushing that perspective to achieve its goal of doubling U.S. exports by 2014.

Read more here.

Posted by:  The Global Small Business Blog

Can We Outproduce, Outcompete and Outsell Anybody, Anywhere in the World?

I'd like to think we can and according to President Ronald Reagan in his own State of the Union speech on February 4, 1986, he affirmed we could.

But here's the thing.  Judy Shelton (video clip of her -- interesting ... she thinks the free market works) writes a provocative commentary for The Wall Street Journal:  "The Wrong Way to Double Exports."  She doesn't think we are competing.  She thinks we are cheating.

Find out why here.

Ms. Shelton (pictured) is author of “Money Meltdown” (Free Press, 1994), is a senior fellow at the Atlas Economic Research Foundation and co-director of the Sound Money Project.

Photo credit here.