The Export-Import Bank's Top Foreign Buyers

18 Pages Posted: 7 Jun 2018

See all articles by Veronique de Rugy

Veronique de Rugy

George Mason University - Mercatus Center

Diane Katz

The Heritage Foundation

Date Written: 04/15/2015

Abstract

Ex-Im Bank advocates emphasize its importance to small businesses and economic growth. A new analysis of government data reveals that Ex-Im Bank's top 10 overseas buyers are large corporations that primarily purchase exports from multinational conglomerates. Ex-Im Bank's small business narrative is challenged by the fact that the buyers receiving the most subsidies are?like the exporters?major corporations. If lawmakers truly want to nurture small businesses and economic growth, they should end the Ex-Im Bank favoritism that undermines domestic companies and focus instead on reducing the tax and regulatory barriers that choke investment, innovation, and job creation.

Suggested Citation

de Rugy, Veronique and Katz, Diane, The Export-Import Bank's Top Foreign Buyers (04/15/2015). MERCATUS RESEARCH, Available at SSRN: https://ssrn.com/abstract=3191322 or http://dx.doi.org/10.2139/ssrn.3191322

Veronique De Rugy (Contact Author)

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://www.mercatus.org/scholars/veronique-de-rugy

Diane Katz

The Heritage Foundation

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