It’s preposterous. There’s no problem that’s getting addressed with this solution, this is a solution in search of some problem.
The Export-Import Bank Should Be Abolished
… economic growth or employment. Chapter The Export-Import Bank Should Be Abolished Page number 721 … • Consider Italy’s hyperactive … - page 721
… country on this list in 2019. While Germany had respectable economic growth at the time of the report, only 0.7 percent of its exports were backed by ECA financing. These data provide little support for the … - page 721
… • China by all accounts had - 10468 • China by all accounts had a hyperactive ECA: It ranked first on the list in 2019. ECA-backed exports in China represented 2.1 percent of exports … - page 721
… the eighth-ranked U.S. for its unusually low level of EXIM-backed exports. At the time of the report, the U.S. economy … were up, and the country still had flourishing trade—but it was also striving when EXIM was mostly dormant. In other words, one cannot argue that the bustling economy was the result of EXIM support. Chapter The … - page 721
… touted as leaders in relying on ECA financing, ECA-backed exports are never more than 4.7 percent of total … outlier. For 23 of the 28 countries on this list Gncluding both China and the U.S.), the share of exports backed by ECA financing is less than 2 percent. This fact … - page 721
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