Third Way is incredibly influential with establishment Democrats. Rank and File Democrats don't always feel the same. So I wanted to critique their articles so people I know can make an intelligent decision.
In an Article titled "Losing Ground in Asia: Why the U.S. Export Market Share Has Plummeted" by Third Way the authors note that despite the Obama's efforts to do an "Asian Pivot" - that includes his push of the Trans Pacific Partnership treaty - we have not only not gained ground, we've lost ground on exports. They claim:
"Despite this policy shift, when it comes to economic performance in Asia, America is failing." [3rdWay]
They then provide a report:
"This report examined 26 entities (25 countries, including the United States, as well as the combined rest of world) and their share of the Asian import market from 2000 to 2014." [3rdWay]
They claim:
- The Asian import market grew by 261% between 2000 and 2014, from $1.5 trillion to $5.4 trillion.
- Despite the Asian market boom, the U.S. market share fell by 46%, the biggest drop of any of the 25 largest exporters into Asia except Japan.
- While U.S. market share in Asia is fading, China has been the largest beneficiary.
They then use this decline in Market share as an argument:
"Over the next several months, the United States and 11 nations are expected to conclude negotiations on the TPP. This is a sure fire way to increase U.S. market share in these important Asian economies. The global economy is projected to grow by over $60 trillion in the next 15 years, and almost 90% of that will occur outside of the United States, making global commerce an even larger part of future American success.4 By tapping into these lucrative markets, the United States can retake its lost share of these expanding economies, which means more wealth and prosperity for the middle class and the U.S. economy." [3rdWay]
But is that, in fact, true?