Managerial Economics

400–600 words

The importance of trade continues to be a topic that is debated because the gains are not always quantifiable by those involved. An article by Ed Crooks published on January 6, 2011, “America: Riveting Prospects,” discusses why American companies are sometimes opposed to exporting.

Using your search engine type “America: Riveting Prospects” by Ed Crooks, published in the Financial Times on January 6, 2011. You will notice several options under this title, chose the link that is provided by the Financial Times. There is a free version of this article through the search engine. Avoid going directly to the article’s Web address because you will be prompted to subscribe to its membership. A subscription payment is not necessary to review this article.

Summarize why the author claims that U.S. companies are still having issues with exporting, and discuss the following:

  • The five reasons that Crooks outlines in his article
  • Whether you agree with The Economist’s viewpoint or with The Industrialist’s viewpoint

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