Exports have surged since the recession

  • Posted by a hidden member.
    Log in to view his profile

    Nov 12, 2011 3:16 AM GMT
    http://www.econbrowser.com/archives/2011/11/guest_contribut_15.htmlIf the problems in the U.S. economy came on the supply side – fear of regulation, inadequate workers, etc. – there would be no reason to expect production for exports to grow any more rapidly than any other component of GDP. But, exports have outperformed the economy – the key difference being demand for U.S. products abroad.
    Some businesses may complain about fear of regulation (though in surveys their number one complaint is lack of customers) and some commentators may worry about structural unemployment and a lack of appropriate skills amongst the U.S. work force. There is plenty of reason to always make sure that supply side policies are sensible and worker training and education is adequate. But these do not seem to be the problems of today. Based on exports, the evidence shows that where there is demand for their products, American firms are more than ready to produce and to sell.
  • creature

    Posts: 5197

    Nov 12, 2011 4:42 AM GMT
    Good point about the lack of demand being the #1 issue. Although some in here attempt to portray regulations as being the #1 problem for businesses.

    I would think a company could put up with the regulations if they had a strong demand for the products or services they were selling.