Speakers:
Deanna OKUN, Chairwoman, International Trade Commission; Bradford JENSEN, Peterson Institute for International Economics; Aaditya MATTOO, Lead Economist, Development Research Group, World Bank; Moderator: Bob VASTINE, President, Coalition of Service Industries
Three new studies show how U.S. services exports can create millions of new U.S. jobs. The authors of these studies will present their findings at this event. Chairwoman Okun will discuss a recent USITC study which finds that investment abroad by U.S. services multinationals supports approximately 700,000 jobs in the United States. In his book Fear, Facts, and Offshoring, Brad Jensen of the Petersen Institute takes the most detailed look to date at the U.S. service sector, makes a series of policy recommendations to promote increased U.S. access to foreign market services, and addresses fears concerning outsourcing of U.S. services activities, finding that they are greatly overstated. Aaditya Mattoo is completing the World Bank’s Services Trade Restrictiveness Index, which gives detailed measurements of services trade and investment barriers in 103 countries around the world.