It highlights the advantages to be gained by adopting a competitive export-oriented focus.
The assumption of the Peterson paper is that currency interventions are undertaken by foreign governments to suppress domestic currency values in order to render export prices more competitive.
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Export manufacturing is competitive.
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Having devalued their currencies, the neighbours have become vastly more competitive in export markets.
Back in the world of floating exchange rates, countries wishing to have a trading advantage can manipulate their currency to be low and thereby have ultra-competitive prices for export goods.
Foreign companies (particularly in the US) that export to China will become more competitive.
The second was that the collapsed currencies provided a very competitive new base for export-led growth even at a time when China was making ever bigger inroads into global markets.
Moreover, the long-term decline in the dollar helps make the U.S. a potentially more competitive location for manufacturing for export, and there has been strong growth in the exports of goods since the end of the recession.
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We know that trade secret theft can cripple a company's competitive advantage in foreign markets, diminish export prospects around the globe, and put American jobs in jeopardy.
It ought to be poised for an export-led boom: it has a hugely competitive exchange rate, good infrastructure and has had a decade of high investment in plant and machinery.
American multinationals that spend money adjusting to European rules may lose their taste for lighter domestic regulations that may serve only to offer a competitive advantage to rivals that do not export.
Turmoil in the rump of the euro zone would batter export markets just as the north's firms became less competitive.
The pound and the euro are also competitive with the dollar and BMW should certainly investigate export of classic Rovers such as the 75 into the US market.
Moreover, German export success for the past decade has been built on the weaker, more competitive exchange rate that came with sharing a currency with southern Europe.
Foreign incentives for localized manufacturing pose a competitive threat to U.S. exports if companies choose to manufacture and export outside of the United States.
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The policy would give businesses based on the U.S. a competitive edge, but may be bad for you if you are looking to export your labor.
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For one, as emerging markets compete to export to the United States, no one wants to surrender what it perceives to be its competitive advantage.
Turkey, trading at just 10 times earnings, is a fast-rising economic power, with a core of internationally competitive companies that are turning the youthful nation into an entrepreneurial hub, tapping cash-rich export markets in Russia and the Middle East while attracting billions of investments to boot.
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