When it comes to global sales, the U.S. ranks alongside Rwanda and Tajikistan with 17 percent of GDP coming from exports. Germany’s export-to-GDP ratio, by comparison, is 52 percent. So it’s little wonder that Nilmini Rubin,senior advisor for global economic competitiveness of the House Foreign Affairs Committee, believes there are huge opportunities for U.S. businesses to increase their competitiveness.
Fewer than 1 percent of the 30 million companies in the U.S. export, and 60 percent of that 1 percent export to only one country, she says. Those data, she says, point to “a massive incentive for increasing our exports.”
Rubin, who leads technology, trade, finance, and energy legislation work for the committee, spoke at the Techonomy conference in Detroit this week. Techonomy CEO David Kirpatrick asked Rubin to explain how the U.S. can stay competitive and, “What should we be thinking of as a priority as we see countries around the world redoubling their focus on making jobs, buildingRead More »from Go global for growth, says economic competitiveness expert