The Wall Street Journal reports this morning on the reauthorization of the Export-Import Bank of the United States (EXIM) for seven years.
– The move represents a positive step forward to enhance economic growth, financial stability, and national security.
– Exim’s educational opportunities and finance unleash meaningful network effects. Once small and medium sized companies overcome obstacles to exporting, new markets open.
– Conservative critics are justifiably worried about heavy-handed “industrial policy.” Yet, Exim activities fall far short of a well-intention public sector misallocating resources.
Congratulations to Chairman Kimberly Reed and Exim for the hard work and reforms needed to safeguard US financial and strategic interests!