U.S. leads world in IT exports and imports, comprehensive study shows

According to the fifth annual Department of Commerce report - The Digital Economy, released in December 2003 - the US remains the world's largest exporter of IT goods and services, despite also experiencing the 13th consecutive year of IT foreign trade deficit - a record $86 billion for the yea...

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Bibliographic Details
Published in:MSI 2004-02, Vol.22 (2), p.14
Main Author: Smith, Frank O
Format: Article
Language:English
Subjects:
Computer industry
Economic conditions
Economic growth
Exports
Imports
Industrywide conditions
Information technology
International trade
Productivity
Recessions
Statistical data
Online Access:Get full text
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Summary:According to the fifth annual Department of Commerce report - The Digital Economy, released in December 2003 - the US remains the world's largest exporter of IT goods and services, despite also experiencing the 13th consecutive year of IT foreign trade deficit - a record $86 billion for the year. The decidedly bullish report indicates that in the third quarter of 2003, IT-producing industries will contribute nearly a third of the estimated total 2.9 percent of real US economic growth for the year, resolving the lingering question of whether the industry remains an engine for economic growth, long term.
ISSN:1554-3404