Rethinking the National Export Initiative

Author
Caroline Freund
Content Type
Policy Brief
Institution
Peterson Institute for International Economics
Abstract
As the United States struggled with unemployment and other effects of the Great Recession in January 2010, President Barack Obama set the goal of doubling exports within five years and creating 2 million new export-related jobs. Four years later, however, exports are less than halfway toward that goal and the rate of export growth is slowing. More worrisome, the administration's strategy failed to boost average export growth from historical levels, despite the robust recovery in international trade after the collapse of 2009. The National Export Initiative (NEI) has come up short.
Topic
Economics, Industrial Policy, International Trade and Finance, Markets, Maritime Commerce
Political Geography
United States