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Why Export and Why Import?; Questioning basic ideas
Topic Started: Aug 8 2015, 04:11 PM (319 Views)
corky

Jack,
You and I must be reading different agreements, very different agreements.

Lack of innovations is more likely from the established businesses overseas, than it is from North America, due to the needs to defend their established markets, bad money buying out good, just as we are seeing now. We are also having to share our innovations overseas to get them manufactured cheaply for this market.

Massive export success?? U.S. has never exceeded 15% of GDP as exports, if you remove Canada and Mexico it drops to below 10% and if your remove aid backed arms sales it drops to near 8%. If you remove food it declines another 2 to 3%. High tech that is only available from the U.S. is another 3% or so.

At best exports might make enough to pay for the added cost of defense we incur. Trade outside of North America served a purpose during the Cold War, now it is a losing proposition in most cases.


&1
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Jackd

...looks like we don't watch the same drama.

United States exports grew faster than GDP during the period 1960 to 2013.
The Bureau of Economic Analysis (U.S. dep. of commerce) 2013 release:

Exports increased from 5% of GDP in 1960 to 10% of GDP in 1980 and to 14% in 2012
... and that increase occured is spite of an even greater % increase in GDP during the same period .


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corky

Jack,
Never got above 15% in your numbers either. I believe returned aid used for military purchases started getting counted in 1998.


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