Dartmouth: Globally Engaged U.S. Companies Essential to American Growth
and Job Creation
December 6, 2012
U.S. economic growth and job creation increasingly rely on the success
of American companies in the global economy, reports a new economic
study by Business Roundtable (BRT) and the U.S. Council for
International Business (USCIB).
in demand abroad continues to surpass growth in demand in America.
In 2010, globally engaged U.S.
companies employed 28.1 million Americans, performed $253.8 billion in
R&D, made $587.3 billion in capital investments in the United States and
bought more than $8.0 trillion in goods and services from U.S.
U.S. companies of all sizes are
globally engaged and pursuing new customers in the global marketplace.
In fact, about 26% of U.S.-based multinational companies are classified
by the U.S. government as small businesses.
International operations of U.S.
companies primarily serve foreign markets; with over 90% of the foreign
production by U.S. companies sold to foreign customers, not imported
back to the United States.
The economic study
explains why U.S. companies need to pursue a mix of international and
domestic business strategies to be competitive, reinforcing the need for
U.S. policies that improve U.S. competitiveness and enhance the ability
of U.S. companies to compete in the global marketplace. Earlier this
year, BRT CEOs released a strategy called Taking Action for America that
provides BRTís policy solutions for U.S. economic growth and job