North America receives a B+ on the new George W. Bush Institute Scorecard, outperforming other trade groups such as the EU, which gets a B, and Mercosur, which only achieved a D-.
Last year, real estate research group Zillow determined that homes located within a quarter-mile of a Starbucks coffee shop increased in value by 96 percent. Starbucks is a premium brand. So is North America. We’re lucky in the United States because Canada and Mexico are the kind of neighbors that increase our value.
MTTS Asia’s husband and wife co-founders set out to meet a healthcare gap in Vietnam, but they soon found they needed to scale by selling greater volumes in more markets. They are working to overcome non-tariff barriers to break into markets where low-cost innovative medical technologies are most needed.
Thanks to international sales and partnerships, Batik Boutique empowers more than a dozen female artisans—who set their own wages and hours—to sell their creations to a global audience.
Every trade negotiation is an exercise in pushing the government-imposed cronyism out of the way and freeing up space for markets to work, which is good for consumers and for economic freedom.
On the average day, approximately $2.4 billion worth—2 million tons—of goods move between the United States, Canada, and Mexico. Co-production of world-class products made has given North America an advantage over other regions in the world.
Countries often use a variety of tactics to give their home-grown companies a leg up over foreign competitors, like requiring “skirts” on lawnmowers of competitors. These are non-tariff barriers.
Thanks to technology and policy improvements, modern production is increasingly organized around the set of tasks required to bring a product to market, from invention to final use. These tasks form “value chains” of different firms in different places whose activities are precisely coordinated.
Politicians critical of trade and globalization often point to the decline in U.S. manufacturing jobs as proof positive of America’s dwindling economic might. But the story of U.S. manufacturing shouldn’t begin and end with that single statistic. The true state of U.S. manufacturing is far more complicated – but also more hopeful.
In the modern global economy, most products are not wholly made in one country. Even the services you buy can be composed of inputs from various countries around the world — like the story of our TradeVistas logo designed by an artist in Indonesia commissioned through a company aggregating design services out of Australia.