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Export Promotion: U.S. Programs Lack Coherence

  Premium   Download PDF Now (8 pages)
Report Type Reports and Testimonies
Report Date March 4, 1992
Report No. T-GGD-92-19
Subject
Summary:

The federal government's export promotion efforts--involving $2.7 billion in direct funding and $21.4 billion in loan guarantees--lack an explicit strategy or set of priorities, GAO testified. The federal government could do a better job of helping competitive companies enter world markets by better targeting the funds devoted to export promotion programs. It is not within the power of the U.S. government, however, to transform individual companies into world-class competitors--only company management can achieve that. Some U.S. firms in Japan have demonstrated that it can be done, and that is the message that must get across. The government can provide help, but only to those companies that work to become world-class competitors.

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