Boosting Export Growth: Lessons from Korea

Abraham Kim and Whitney Haring-Smith

Chapter 9 in Learning from the World, 2014, pp 117-129 from Palgrave Macmillan

Abstract: Abstract In 2010, President Obama set the goal of doubling the number of exports in five years, called the National Export Initiative (NEI).1 This task is a tall order—even under favorable economic conditions. Adjusting for inflation, the US has not doubled exports in any five-year period since the World Bank began tracking export data in 1960. Even without discounting for inflation, the US only achieved such rapid growth in exports in the 1970s. Across the Pacific, the Republic of Korea—a long-time US ally—doubled exports in constant US dollars from 1995 to 2000. And, ignoring inflation, South Korea doubled exports even more recently, from 2003 to 2008—when exports jumped from US$228 billion to $494 billion.2

Keywords: World Trade Organization; United Arab Emirate; Free Trade Agreement; Export Volume; Trade Relationship (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37213-0_9

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DOI: 10.1057/9781137372130_9

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