News / USA

US Looking to Foreign Investors for Jobs

U.S. Secretary of State Hillary Rodham Clinton speaks during the first-ever State Department-hosted Global Business Conference, Feb. 21, 2012.
U.S. Secretary of State Hillary Rodham Clinton speaks during the first-ever State Department-hosted Global Business Conference, Feb. 21, 2012.

The Obama administration is trying to attract more foreign investors to boost the U.S. economy. Washington is encouraging U.S. firms to get out and compete for a larger share of the international market.

U.S. Secretary of State Hillary Clinton says the reason behind this push for greater foreign investment is clear: Americans need jobs.

She says free-trade agreements with South Korea, Colombia, and Panama have helped put the United States on track to double U.S. exports over five years as Washington moves to keep pace with emerging economies.

"Our power in the 21st century depends not just on the size of our military but also on what we grow, how well we innovate, what we make, and how effectively we sell.  Rising powers like China, India, and Brazil understand this as well, and we cannot sit on the sidelines while they put economics at the center of their foreign policies,” Clinton said.

Secretary Clinton spoke at a global business conference that joined U.S. business support groups from more than 100 countries with private sector leaders and government officials from the departments of State, Commerce, Treasury, and Energy.

She says “jobs diplomacy” means bringing more foreign investors to the U.S., selling more domestic goods abroad, and ensuring that companies compete fairly across borders.

Part of leveling that playing field is fighting corruption, forced technology transfers, the piracy of intellectual property, and preferential treatment for state-owned firms to ensure that the global economic system is transparent and fair.

She says the United States will not stand by when its competitors do not play by the rules.

"This administration has already brought trade cases against China at nearly twice the rate of our predecessors.  And now a special new Trade Enforcement Unit is being established to go after unfair trading practices.  Last Friday, the president announced that when other nations provide unfair financing for their exports, we will offer matching support to competing U.S. firms,” Clinton said.

For all the changes she says the Obama administration is making to better help U.S. businesses compete abroad, Clinton says it is up to the private sector to take advantage.

"Foreign leaders often say to me, “Where are the American businesses?  How come they are not here competing for this construction contract or that mining deal?  What are they waiting for?”  As I have described today, this administration is doing everything we can to help American companies, large and small, compete and succeed.  But ultimately, we know it is up to you.  We can not help you if you are not hungry enough to get out there and compete for the business that is going to be available,” Clinton said.

The global business conference continues Wednesday with regional sessions targeting specific opportunities for private sector investors in individual markets.

You May Like

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the US are seeing gas prices dip below $3 a gallon More

Afghan Women's Soccer Team Building for the Future

A four-team female league was recently set up in Kabul; It will help identify players for the national team More

Video Tensions Build on Korean Peninsula Amid Military Drills

Pyongyang threatens nuclear test as joint US, S. Korean exercises show forces’ capabilities More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
New Skateboard Defies Gravityi
X
November 21, 2014 5:07 AM
A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.
Video

Video Tensions Build on Korean Peninsula Amid Military Drills

It has been another tense week on the Korean peninsula as Pyongyang threatened to again test nuclear weapons while the U.S. and South Korean forces held joint military exercises in a show of force. VOA’s Brian Padden reports from the Kunsan Air Base in South Korea.
Video

Video Mama Sarah Obama Honored at UN Women’s Entrepreneurship Day

President Barack Obama's step-grandmother is in the United States to raise money to build a $12 million school and hospital center in Kogelo, Kenya, the birthplace of the president's father, Barack Obama, Sr. She was honored for her decades of work to aid poor Kenyans at a Women's Entrepreneurship Day at the United Nations.
Video

Video Gay Evangelicals Argue That Bible Does Not Condemn Homosexuality

More than 30 U.S. states now recognize same-sex marriages, and an increasing number of mainline American churches are blessing them. But evangelical church members- which account for around 30 percent of the U.S. adult population - believe the Bible unequivocally condemns homosexuality. VOA's Jerome Socolovsky reports that gay, lesbian, bisexual and transgender evangelicals are coming out. Backed by a prominent evangelical scholar, they argue that the traditional reading of the bible is wrong.
Video

Video Ebola Economic Toll Stirs W. Africa Food Security Concerns

The World Bank said Wednesday that it expects the economic impact of the Ebola outbreak on the sub-Saharan economy to cost somewhere betweenf $3 billion to $4 billion - well below a previously-outlined worst-case scenario of $32 billion. Some economists, however, paint a gloomier picture - warning that the disruption to regional markets and trading is considerable. Henry Ridgwell reports from London.
Video

Video Mexico Protests Escalate Over Disappearances

Protests in Mexico over 43 students missing since September continue to escalate, reflecting growing anger among Mexicans about a political system they view as corrupt, and increasingly tainted by the drug trade. Mounting outrage over the disappearances is now focused on the government of President Enrique Pena Nieto, accused of not doing enough to end insecurity in the country. More from VOA's Victoria Macchi.
Video

Video US Senate Votes Down Controversial Oil Pipeline - For Now

The U.S. Senate has rejected construction of a controversial pipeline to transport Canadian oil to American refineries. The $5 billion project still could be approved next year, but it faces a possible veto by President Barack Obama. As VOA’s Michael Bowman reports, the pipeline has exposed deep divisions in Congress about America’s energy future.
Video

Video Can Minsk Cease-fire Agreement Hold?

Growing tensions between government troops and separatists in eastern Ukraine further threaten a cease-fire agreement reached two months ago in the Belarusian capital of Minsk. Critics of U.S. policy in Ukraine say it is time the Obama administration gives up on that much-violated cease-fire and moves toward a new deal with Russia. VOA's Scott Stearns has more.
Video

Video Chaos, Abuse Defy Solution in Libya

The political and security crisis in Libya is deepening, with competing governments and, according to Amnesty International, widespread human rights violations committed with impunity. VOA’s Al Pessin reports from London.
Video

Video US Hosts Record 866,000 Foreign Students

Close to 900,000 international students are studying at American universities and colleges, more than ever before. About half of them come from Asia, mostly China. The United States hosts more foreign students than any other country in the world, and its foreign student population is steadily growing. Zlatica Hoke reports.
Video

Video Ferguson Church Grapples with Race Relations

Many white residents of Ferguson, Missouri, say they chose to live there because of the American Midwest community's diversity. So, they were shocked when a white police officer killed an unarmed black teenager in August – and shaken by the resulting protests and violence. Some local churches are leading conversations on how to go forward. VOA’s Ayesha Tanzeem reports.

All About America

AppleAndroid