Subsidizing Success

First published in 1982, this book was the first comprehensive study of the US Export-Import Bank, a US government export promotion agency with worldwide loans and insurance of $30 billion. By using analytical tools from several disciplines, the author examines many different sides of the operations and effectiveness of the Eximbank. A historical section explains the political and economic forces behind Exim's creation in the 1930s and details the activities of Exim until 1980. Subsidizing Success illuminates a strategic - and little-known or understood - element in US foreign trade and relations. More than this, however, it serves as a penetrating study of the relationship between the public and private sectors and the role of government in both domestic and international economics.