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The Best U.S. Export-Promotion Strategy: Free Trade

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Publication Date: May 2008

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Daniella Markheim

Series: Heritage Lecture

Topic: Trade (Free trade and protection)

Keywords: Trade and foreign aid; free trade agreements; trade liberalization; Export-Import Bank

Type: Speech

Coverage: United States

Abstract:

U.S. government programs that subsidize risk offer above-market returns by privatizing gains while socializing losses. Advancing freer trade through a comprehensive and substantive conclusion to the Doha Round of trade negotiations and ratification of the three pending free trade agreements would promote both U.S. prosperity and economic development abroad.