THE ROLE OF SMALL BUSINESS IN US EXPORTS
https://doi.org/10.21686/2410-7395-2018-3-51-60
Abstract
The article analyzes small business exports trends; the obstacles in the field of the exports promotion in terms of both the number of small businesses that export and the value of existing small business exporters. The value of small business accounts for one-third of the US total exports, and units with less than 50 employees are leading in raising their exports. Special attention is paid for the influence of the digital engagement on small business’ exports, considering that digital tools make it possible to expand overseas. It is pointed out that there are more barriers for small businesses exporting, comparing with larger ones; and they need help in a wide range of tools to make their business global. Some small companies feel exporting too expensive, or too difficult to be involved in the export process. While D. Trump made some protectionist steps, small business administration is required to perform several functions to support small businesses in their way to engage in international trade. It is also pointed out that agencies involved in supporting small businesses in their export process need coordination on federal, state, local levels.
About the Author
N. S. Frizyak
The Institute for USA and Canada Studies of Russian Academy of Sciences
Russian Federation
Russian Federation
Nikita S. Frizyak - Junior Researcher of the Center for Social-Economic Studies of The Institute for USA and Canada Studies of Russian Academy of Sciences.
2/3 Khlebny per, Moscow, 123995.
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Review
For citations:
Frizyak N.S. THE ROLE OF SMALL BUSINESS IN US EXPORTS. International Trade and Trade Policy. 2018;(3):51-60. (In Russ.) https://doi.org/10.21686/2410-7395-2018-3-51-60
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