Why We’re Falling Behind in World Trade
In the United States, international trade is equal to about 30 percent of gross domestic product (GDP). The average for the rest of the world is nearly double that
By Heritage Foundation Tori Whiting—— Bio and Archives--May 17, 2016
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You may not know it, but May is World Trade Month. According to Stefan M. Selig, U.S. Under Secretary of Commerce for International Trade:
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Every year, World Trade Month—designated for the month of May—gives us the opportunity to acknowledge the importance of global trade, and look back at the economic advancements we have made as a result. This World Trade Month, we can look back and appreciate the success we have accomplished.Despite the success claimed by the U.S. Department of Commerce, the United States actually lags behind the world in the use of trade. Read more...
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