Federal Approach Is Fragmented
T-GGD-92-68: Published: Aug 10, 1992. Publicly Released: Aug 10, 1992.
- Full Report:
GAO discussed U.S. government export promotion programs and how the existing federal export promotion system could be improved. GAO noted that: (1) export promotion generates economic growth by helping firms increase export ability and improve competitiveness; (2) 1991 U.S. export promotion program spending totalled $2.7 billion, and the federal government approved about $21.4 billion in export loans and guarantees and export credit insurance; (3) export promotion programs lack a governmentwide strategy or national priorities, which results in program funding imbalances, operational level inefficiencies, limited access, and a lack of communication and coordination between agencies; and (4) suggested solutions include improving coordination between agencies and creating new regulatory organizations, which would raise concerns regarding an increase in bureaucracy, funding questions, operational and coordination responsibilities, and specific management oversight functions and responsibilities.