Understanding the U.S. Export Boom


Book Description

U.S. exports grew at a rate of 8.2% per year from 1987-1994, far faster than the economy as a whole or even the manufacturing sector. This paper examines the source of this export boom and argues that the boom itself has been less remarkable for the rate of growth of exports than for the striking increase in export intensity. This increase in export intensity has occurred both in the aggregate and for individual plants across a wide range of industries. Competing explanations for the rise in exports are tested with a comprehensive plant level data set. Changes in exchange rates and rises in foreign income are the dominant sources for the export increase, while productivity increases in U.S. plants play a relatively small role. The results suggest that slower growth rates of U.S. trading partners and an appreciation of the dollar will have strong negative effects on the growth rate of U.S. manufacturing exports




Entry, Expansion, and Intensity in the Us Export Boom, 1987-1992


Book Description

US exports grew at 10.3% per year from 1987 to 1992, far faster than the economy as a whole. This paper examines sources of the manufacturing export boom, including entry, firm expansion, and export intensity. Most of the increase in exports came from increasing export intensity at existing exporters rather than from new entry into exporting. The small role of entry relative to export intensity offers support for the importance of sunk costs in the export market. Changes in exchange rates and rises in foreign income drove most of the export increase, while plant productivity increases played a smaller role.







Winning the World


Book Description




A Basic Guide to Exporting


Book Description

Here is practical advice for anyone who wants to build their business by selling overseas. The International Trade Administration covers key topics such as marketing, legal issues, customs, and more. With real-life examples and a full index, A Basic Guide to Exporting provides expert advice and practical solutions to meet all of your exporting needs.




The Chinese Export Boom


Book Description

From 2000 to 2007, Chinese exports grew at a phenomenal pace. Our paper uses finely detailed Chinese export data (8-digit Harmonized Commodity Description and Coding System codes) combined with US trade data to explore how this was achieved. Although general explanations such as China's exchange rate policy no doubt played a role, we find that sector-specific stories, effective Chinese industrial policy and fortuitous timing were more critical. The detailed trade data reveal that “new” technology goods, such as cell phones, LCD screens and laptops, played a key role. Finally, we use the data to examine the relationship between Chinese exports and global manufacturing, in particular US manufacturing employment. We find that competition from China in both domestic and foreign markets likely contributed to a significant decline in USA manufacturing employment, but that relatively low US investment and slow GDP growth in the US following the 2001 recession played an equally important role.







Chimneys in the Desert


Book Description

This book offers new topics and new perspectives on the economic history of Argentina before the 1930 Depression. It focuses on the evolution of early industrialization in a country primarily associated with cattle-ranching and agriculture, and single-mindedly characterized as a case of a successful export economy. Taking an original approach, the book cross-examines traditional economic issues such as production and finances, and new cultural patterns, such as consumption, the role of women, paternalism, and ideology. The first years of Argentina’s industrialization, from the 1870s to the 1920s, coincided with a time of great innovation, a brisk turn from tradition, and quick modernization. This book shows that industry not only helped Argentina’s economy along, but spearheaded its modernization. It challenges the long-lasting “canonical version” that industry was a victim of a capital market and a state extremely hostile to manufacturing. Access to financing for industrial endeavors was much easier than previously thought, while the state supported industry through tariffs.




The Making of a Market


Book Description

During the nineteenth century, Yucat&án moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucat&án and its economy grew in response to increasing demand from the United States for henequen, the local cordage fiber. This henequen boom has often been seen as another regional and historical example of overdependence on foreign markets and extortionary local elites. In The Making of a Market, Juliette Levy argues instead that local social and economic dynamics are the root of the region&’s development. She shows how credit markets contributed to the boom before banks (and bank crises) existed and how people borrowed before the creation of institutions designed specifically to lend. As the intermediaries in this lending process, notaries became unwitting catalysts of Yucat&án&’s capitalist transformation. By focusing attention on the notaries&’ role in structuring the mortgage market rather than on formal institutions such as banks, this study challenges the easy compartmentalization of local and global relationships and of economic and social relationships.




From the Grounds Up


Book Description

In the late nineteenth century, Latin American exports boomed. From Chihuahua to Patagonia, producers sent industrial fibers, tropical fruits, and staple goods across oceans to satisfy the ever-increasing demand from foreign markets. In southern Mexico's Soconusco district, the coffee trade would transform rural life. A regional history of the Soconusco as well as a study in commodity capitalism, From the Grounds Up places indigenous and mestizo villagers, migrant workers, and local politicians at the center of our understanding of the export boom. An isolated, impoverished backwater for most of the nineteenth century, by 1920, the Soconusco had transformed into a small but vibrant node in the web of global commerce. Alongside plantation owners and foreign investors, a dense but little-explored web of small-time producers, shopowners, and laborers played key roles in the rapid expansion of export production. Their deep engagement with rural development challenges the standard top-down narrative of market integration led by economic elites allied with a strong state. Here, Casey Marina Lurtz argues that the export boom owed its success to a diverse body of players whose choices had profound impacts on Latin America's export-driven economy during the first era of globalization.