Currents Quote by Martin Feldstein
“But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion.”
About This Quote
Source Speech: Economic Policy Forum, 2006
Increasing dollar competitiveness is needed to boost exports and sustain economic growth in the short term.
In simple terms: A stronger dollar helps exports and growth.
Key Takeaway
Consider policies that enhance export competitiveness.
Themes
economics
trade
growth
currency
Mood
analytical
neutral
Type
policy
economic
When to use this quote
- government budgeting
- business strategy
- international trade
Key Concepts
macroeconomics
policy analysis
Questions to Reflect On
- What other measures can support expansion?
- How does currency strength affect import costs?
A Different Perspective
Focusing only on the dollar may ignore other growth factors.
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