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International Business, U.S. Exports

Brazil is an Olympic-Sized Market for Education Services

As we look at the trade deficit and the competitiveness of U.S. exports, it is important to look at both products and services.

While U.S. manufacturing saw the impact of outsourcing of labor to cheaper markets, service exports have performed better over the past decade. In the future, economists will keep their eye on U.S. services such as consulting, intellectual property licensing, franchising, technical services, financial services, travel and education.

This ITA article on education provides insight into the important role that U.S. education plays in terms of global competitiveness. Brazil is a good example of the potential for U.S. education “exporters.”

The International Trade Administration (ITA) blog provides the latest news on U.S. Trade.

Re-blogged courtesy of Ray Hays, Member of District Export Council of AZ

Tradeology, the ITA Blog

This post contains external links. Please review our external linking policy.

Braeden Young is an International Trade Specialist and Brazil Desk Officer within the International Trade Administration.

Brazil, which became the world’s sixth-largest economy last year, is bustling with activity. As Brazil ramps up preparations for hosting the 2014 FIFA World Cup and the 2016 Olympic Games, opportunity abounds for U.S. companies to support infrastructure development at sports venues, surrounding communities and commercial centers, and transportation hubs.

The recent discovery of new oil reserves off Brazil’s coast presents new opportunities in the oil and gas sector. U.S. firms have specialized expertise in deep water drilling and related services and are well-positioned to partner with Brazilian companies to help Brazil reach its objectives.

However, Brazil’s rise is marked not only by towering cranes and the roar of jackhammers, but also by smiling students and the scribbling of pencil on paper…

View original post 487 more words

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About rayhays

Ray Hays is an international executive and Member of the District Export Council of Arizona. Ray has over 20 years experience in franchising management, international business development and small business growth. He has field experience in over 50 countries, working for global market leaders in the service sector. He holds an MBA from the Thunderbird School of Global Management and a BS from Georgetown University.

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