Who Benefits When Case New Holland exports equipment?

We all do!

International trade is very important to Case New Holland. International trade benefits the US economy and maintains jobs. In the 1990s, exports were responsible for one-third of the US economy's growth.

Trade, particularly exports, means better paying jobs for Americans. Between 1986 and 1994, the number of export-related jobs in the US rose 63% to 10,300,000. In 1997, over 12,000,000 jobs depended on exports. Jobs supported by exports, both white- and blue-collar combined, pay on average 13% better than the US average job.

Trade creates higher-skilled jobs that enhance workers' future prospects because manufacturers that export their products are more likely to use new technologies to compete in the world marketplace. Learning new skills also gives workers more options over their careers.

Trade improves the standard of living by providing a wide range of goods and services to Americans. The US is the world's number one importer. Imports increase consumer choice and keep prices competitive.

• Ten percent of all U.S. jobs (approximately 12 million) depend on exports. One in five factory jobs depend on international trade. Jobs that depend on trade generally pay about 13 to 18 percent more than the average U.S. wage.
  
• Trade creates U.S. job growth. Every $1 billion in exports of manufactured goods creates an estimated 15,000 new jobs; two to three times that number of additional jobs are created to support the new export driven products and personnel.
  
• U.S. plants that export increase employment 2 to 4 percent faster annually than plants that do not export. Exporting plants also are less likely to go out of business.
  
  

Exports are an important source of U.S. economic growth and job creation.

• In the past decade, exports accounted for roughly one-quarter of U.S. economic growth. Between 1990 and 2000, export-related jobs grew by 56 percent — three times faster than job growth in the remainder of the economy.
• Job creation in the United States considerably outnumbers jobs lost due to import competition. The 35 million jobs created in the United States in the past 10 years have offset the 2 million jobs lost to import competition over the past 20 years.
• Over the past 20 years, the unemployment rate has fallen significantly despite a steady increase in imports over the same period.
• Foreign investment in the United States creates U.S. jobs. Foreign companies have invested $1.5 trillion in the United States since 1990 and employ more than 6 million U.S. workers, up from 4.9 million in 1991.

Firms that participate in a global economy grow faster and pay more than those that do not.

• Increases in export demand lead to more job growth than do comparable increases in domestic demand. A 10 percent increase in American exports leads to a 6.9 percent increase in domestic employment. By comparison, a 10 percent increase in domestic demand creates just a 4.2 percent increase in U.S. employment.
• Jobs that depend on trade generally pay about 13 to 18 percent more than the average wage.
• U.S. firms with global operations generate better domestic jobs at home. Such firms pay an average wage in the United States that is $15,000 greater than that paid by firms that are less globally integrated.

We all benefit when Case New Holland exports equipment.