A Deadlocked Washington Leaves Export-Oriented Growth Up To Cities

Bruce Katz of the Brookings Institute explains the importance of exports to a metro region's economy. As the US Federal Government remains politically frozen, how can American cities grow economically by fostering trade partnerships across the world?

Katz's recent work, a report titled Export Nation 2012, examines the role that exports sectors in US metro areas play in the new global economy. Regions like Los Angeles hold vital positions in a country that does not properly value its export industries, Katz argues, and metro areas should take steps to establish positions in an increasingly urban global economy.

Katz points to a necessary shift in the United States' economic growth model from consumption and debt, pre-recession, to exports and global engagement in the future. And "With domestic demand crippled at home because of the housing collapse, because of the overhang of the recession, and because of global demand rising, we think it's time for cities and metros to reconsider their own economic development strategies by focusing on those firms, both in manufacturing and services, that can sell abroad."

While the federal government is "the big player on trade" when it comes to regulation, finance, and infrastructure, Katz believes cities need to become much more active in developing export strategies and making direct connections with trade partners.

"I would say over the next decade and onwards, being globally fluent and understanding your special position in the world and acting on that position through these sharp networks of trading cities will almost be a prerequisite for city and metropolitan success."

Thanks to Kevin Madden

Full Story: Bruce Katz of the Brookings Institute: A Deadlocked Washington Means US Metro Regions Must Address Manufacturing and Exports

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00

NEW! Get the "Green Bible"

Understand the complexities of planning at the local level while preparing for the AICP* exam. Find out why this edition is included in the APA's recommended reading list.
$105