In case you weren’t watching PBS’s “Nightly Business Report” on Christmas eve, here’s the transcript of a good piece on U.S. manufacturers pursuing additional export markets. Featured is Quality Float Works, a Schaumburg, Ill., manufacturer of metal floats and vessels. Sandra Westlund-Deenihan, the company’s president and design engineer, is a member of the NAM Board of Directors.
David Huether, the NAM’s chief economist, also provides a bit of balance to the tendency to overemphasize the role of the lower dollar in promoting exports, now and into the future:
Growth overseas is strong, not only in Asia, but in south central America and Europe as well. So if the dollar would appreciate modestly, I still think as long as growth overseas maintains a good pace, that we will continue to see solid export growth going forward.
Absent new, protectionist legislation from Congress, that is — if we may add a comment, David.
Latest posts by NAM (see all)
- Manufacturers Win Several Website Design Awards - June 15, 2011
- China Makes Commitments on Trade, Intellectual Property - December 16, 2010
- ITC Details Widespread Theft of Intellectual Property in China - December 14, 2010