Promoting economic growth in emerging countries pays off for U.S., officials say at Denver forum

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Washington, DC, February 19, 2016 | comments

Content originally published by the Denver Business Journal on February 19th, 2016.

When it comes to global economics, the equations and answers are not always easy. But if the U.S. sticks to a plan of investing in developing countries, it will be economically rewarded, the speakers said.

That was the key message Thursday from U.S. Trade and Development AgencyDirector Leocadia Zak and U.S. Rep. Ed. Perlmutter, D-Golden. The two were keynote speakers at the U.S. Global Leadership Coalition luncheon Thursday at the Four Seasons Hotel Denver.

Together with Jason Gross, executive director of USGLC, they talked about how America’s engagement abroad spurs economic growth in Colorado and promotes our national security.

Zak pointed to the work by the Denver office of Knight Piesold and Co. The firm is working in Rwanda to study hydropower for schools and medical clinics.

"I’m grateful for this opportunity to describe how USTDA’s win-win program helps to both foster sustainable growth in emerging economies and to create jobs across America and right here in Colorado," Zak said. "Our activities advance our national interests, provide a critical return on investment, and build lasting partnerships between Colorado firms and the world’s fastest-growing markets.”

Denver is headquarters to some of the largest global brands and organizations with rapidly growing international operations in emerging markets, Gross said. Last year, Colorado exported more than $20 billion in goods and services overseas, and trade supported more than one in five local jobs, making U.S. international engagement a strategic issue for the state.

“It’s critical that we strengthen all our foreign policy tools – development and diplomacy alongside defense – not just for our national security, but also for demonstrating our values as a nation,” Perlmutter said. “Ensuring the U.S. remains a competitive and global leader is equally important for the success of Colorado businesses and future growth of our local economy.”

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