National Export Initiative

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During March of 2010, President Barak Obama set aside time in his State of the Union Address to “fix the problems that are hampering our growth.” According to the President one of these problems was due to the lack of exports. President Obama made a link between increasing exports to increasing the total number of jobs. The President said “So tonight, we set a new goal: we will double our exports over the next five years, an increase that will support two million jobs in America. To help meet this goal, we’re launching a National Export Initiative that will help farmers and small businesses increase their exports, and reform export controls consistent with national security (Mauldin)”. The economic growth model that involves increased exports in built on the economic base theory. This particular theory shows a community’s economic growth is directly related to its demand for goods, services and products from beyond local boundaries. With this in mind, local industries could export their goods and services to boost local job growth and wealth. Service exports include tourism as well as education dollars. When people from outside of the United States spend money on U.S …show more content…
Developing the export sector would lead to an increase in jobs that pay higher wages in the fields of manufacturing and service industries. Americans working for firms that export earn more than 15 percent more than similar workers at firms that do not export (National Export Initiative, 2010). Exports already support over a third of manufacturing jobs therefore, increasing exports in this sector will only lead to more and more higher paying jobs for workers at all educational levels. Increasing exports will lead to better, higher paying jobs for workers at all educational levels. Even those exporting industry workers without high school diplomas will earn a higher

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