Economics, International economy

The Big Deal on Trade in the SOTU Speech

Another interesting piece of the president’s comments on trade in his State of the Union address included a plug for the ongoing export control reform efforts underway since August. First off, just his mentioning of this is a big deal. There has been much discussion of the high-level support afforded the export control reform efforts in the administration, a la Defense Secretary Robert Gates and others. For the president to mention these efforts in his speech shows perhaps exactly how high that support goes. I hope the president’s apparent enthusiasm will translate into large-scale policy changes which the export control system direly needs instead of quick-fix, cosmetic reforms that do not address the system’s fundamental flaws.

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