Economic Stimulus Plan Must Incorporate International Trade
With M. Smith. Originally published in the Korea Times, January 19, 2009. Used with permission of Michael R. Czinkota and the Korea Times.
President-elect Obama is defining his economic stimulus plan. Nations around the world attempt to stabilize their economies as well. Typically, each nation’s emphasis rests with domestic issues. Though politically understandable (GM is more important to the U.S. than Toyota), a successful plan must reflect the powerful influence of international trade on the national economy. In the U.S., for example, trade related activities comprise more than 25 ...
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