Word: exported
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Ironically, some of the brands Li & Fung is snapping up are the very ones it helped doom: American labels that were slow to export manufacturing overseas. Last year it acquired the license to sell Royal Velvet, a home-textiles brand that went bust in '03. "We wanted a company that knew how to source overseas," says Rick Platt, managing director of Official Pillowtex LLC, which bought the bankrupt firm...
Five years later, Argentina's rapid recovery still has analysts doing double takes. Since President Néstor Kirchner was elected in 2003, annual growth has averaged 9%, the best in Latin America. Argentina has parlayed a cheaper but stable peso into record export earnings. "Argentina," crows Central Bank president Martín Redrado, "is enjoying its most solid macroeconomic context of the past 30 years." In Brazil, Lula's election (and 2006 re-election) did not render the region's largest economy a leftist basket case. Instead, inflation has fallen from 12.5% in 2002 to less than 4% today. Brazil...
...Foreign-born skilled workers and students provide considerable benefits to the American economy. A new report from the Institute for International Education found that tuition and expenses of international students alone contributes an estimated $14.5 billion to U.S. GDP, and international education is America’s fifth largest export. In addition, over the last 15 years, one quarter of U.S. venture-backed public companies—which generate about $130 billion in annual revenue in addition to employing thousands of Americans—were founded by foreign nationals. The impact of foreign workers is particularly pronounced in high-tech...
...have lived in New York City, I doubt that I have seen as many front-page stories about my country in the New York Times as you'd get about Israel in a month. Why would you want to know about us? We don't rock your boat or export much you're interested in, except for our admirable wines, a steady supply of sports figures and a few actors like Mel Gibson, Russell Crowe and Nicole Kidman...
...went on to laud a recent free trade agreement between the U.S. and ROK and urged quick approvals from their respective legislatures. He said both countries stand to benefit from billions of dollars in increased export revenues when the agreement goes into effect...