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Expanding Economic Growth Through Trade and Investment

A Blueprint for U.S. Leadership in the 21st Century

Paper: Expanding Economic Growth Through Trade and Investment

The United States faces a daunting set of international economic challenges that demand a reorienting of policies that have guided U.S. trade and investment policy over the past six decades. We face the rise of powerful trading nations, some of which were minor competitors a decade ago. We face a rapidly evolving business climate driven by technological innovation, a surge in world energy prices and other factors. We face an economic landscape that requires U.S. businesses to compete and win around the world. Meanwhile, world trade talks have not kept pace with these developments and are now stalled after progressing slowly for much of this decade. The bipartisan consensus in the United States to pursue further trade liberalization is weak. And the compact between the Congress and the president for executive branch negotiation of trade agreements is set to expire in 2007.

These challenges require fresh thinking and a practical re-examination of U.S. trade and investment policy so that the U.S. economy continues to lead the world and U.S. workers and businesses con- tinue to enjoy expandedopportunities for success — as well as to shore up U.S. geopolitical leadership.

To meet these challenges, Business Roundtable proposes the following policy blueprint. “

 

 

 

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