America's New Exports

Jeremy Lin

As Austan Goolsbee, a professor of economics at the University of Chicago's Booth School of Business, former chairman of President Obama's Council of Economic Advisers from 2010 to 2011, writes in the Wall Street Journal:

The U.S. runs a huge trade surplus in tourism, tuition paid by foreign students, even NBA jersey sold abroad.

Further, he talks about the more promising way out of our economic doldrums:  growing exports -- through things like tourism, travel and services.

Read the entire commentary and more than 35 comments (when I last checked) here.

Photo:  Jeremy Lin

Where Does Going Global Start?

According to this article,  going global starts at home.

Domestic reforms would help Chinese companies invest successfully abroad.

Posted by The Global Small Business Blog

Scoping Out Hot Business Opportunities in Emerging Markets

You can do good to do well.  In this case, corporate employees help and scope out opportunities in developing countries.

Read:  Doing Good to Do Well (The Wall Street Journal)

Overtake America? Seriously?

Is the United States losing status as a global superpower?

A new Pew Global Attitudes survey finds that while the U.S. is better regarded around the world now than it was in the Bush years, in 15 of 22 nations surveyed most say that China either will replace or already has replaced America as the world's "leading superpower." This view is especially widespread in Western Europe, where at least six in 10 respondents in Britain, France, Germany and Spain see China eventually overtaking the U.S.

Read the entire commentary here:

Andrew Kohut (president of the Pew Research Center) and published by The Wall Street Journal: The World Says China Will Overtake America

Related resource:

Pew Global Attitudes Project
China Seen Overtaking U.S. As Global Superpower

What do you think?

Illustration credit:  Pew Research Center

Victoria's Secrets: Taking It Slowly in the International Marketplace

Limited Brands, owner of lingerie Victoria's Secret (pictured) and personal-care retailer Bath & Body Works, is traveling slowly through the international marketplace.  According to The Wall Street Journal article, "Victoria's Secret Gets Out Overseas," VS doesn't have any locations overseas.  Why?

Find out more here.

Does a cautious approach to going global work for your business too?

Photo credit:  Victoria's Secret

Happy 4th of July America: We Are Still The Country of the Future

Happy Independence Day United States of America!

According to Walter Russell Mead, no country is better positioned to take advantage of the opportunities or manage the dangers than the United States.

... the United States of America is better placed to surf this transformation than any other country. Change is our home field. It is who we are and what we do. Brazil may be the country of the future, but America is its hometown.

Read:  The Future Still Belongs To America

Posted by:  The Global Small Business Blog

Can We Outproduce, Outcompete and Outsell Anybody, Anywhere in the World?

I'd like to think we can and according to President Ronald Reagan in his own State of the Union speech on February 4, 1986, he affirmed we could.

But here's the thing.  Judy Shelton (video clip of her -- interesting ... she thinks the free market works) writes a provocative commentary for The Wall Street Journal:  "The Wrong Way to Double Exports."  She doesn't think we are competing.  She thinks we are cheating.

Find out why here.

Ms. Shelton (pictured) is author of “Money Meltdown” (Free Press, 1994), is a senior fellow at the Atlas Economic Research Foundation and co-director of the Sound Money Project.

Photo credit here.