|
 |
|
 |
| |
 |
|
| |
 |
|
 |
| |
| |
|
|
 |
|
Net economic
gain -- The most successful
economies are those where established industries rapidly
adjust to changes in the global environment. Export-supported
jobs account for an estimated 6.5 percent of Kansas' total
private-sector employment, or one of every 15 jobs. And
nearly one-seventh of all manufacturing workers in Kansas
depend on exports for their jobs. |
| |
|
|
 |
|
Gain global
market share -- World
trade has grown at more than twice the rate of U.S. economy
since 1960. Over 95% of the world’s population lives
outside of the United States and it is estimated that the
international market constitutes a $4 trillion opportunity.
According to the Department of Commerce, export expansion accounted for 40% of economic growth last year. |
| |
|
|
 |
|
Reduce dependence
on existing markets -- Companies
that trade are better able to weather economic downturns.
By expanding into foreign markets, a company will increase
its marketing base and reduce internal country competition.
The diversity of world markets usually means if one market
is experiencing a downturn, there is another market experiencing
tremendous growth. This makes a strong argument for free
trade as a way to reduce an economy’s vulnerability
to economic setbacks. |
| |
|
|
 |
|
Enhance competitiveness & efficiency
-- Exporting is proven
to enhance a company’s competitive advantage. The
firm will benefit from exposure to technologies, methods,
and processes; production capacity and length of production
may increase, thereby decreasing average per unit costs
and increasing economies of scale. However, competitiveness
is not limited to exports. In 2004, the USDOC addressed
the advantages of a firm’s ability to competitively
import, “The U.S. economy has benefited from import
competition, which has helped maintain the competitiveness
of many manufacturing enterprises and has dampened inflation
considerably. The increased availability of low cost labor
and manufacturing capacity has forced American firms to
look at their global supply chain in order to remain competitive.
In a global economy … the necessity for U.S firms
to tap lower-cost parts and components is simply a function
of trying to stay competitive in a global economy.” |
| |
|
|
 |
|
Create and support
jobs – Companies
that trade experience faster employment growth rates plus
higher average wage rates than domestic only manufacturers.
According to the US Department of Commerce 15,000-20,000
jobs are dependent upon every $1 billion in exports. Kansas businesses currently export about $10 billion worth of manufactured and agricultural products annually, a conservative estimate for 2007, supporting 150,000-200,000 jobs. There are approximately
2,300 companies that conduct international business, of
those approximately 1,800 are small and medium enterprises,
with fewer than 500 employees. (USDOC) It is estimated
that we are only operating at 20-40% of our export potential. |
| |
|
|
|
|
|
|