Joining The U.S. Export Parade

Why some areas lag and others lead

Although America's spectacular export recovery in the past decade has bolstered economic growth, the Mid-atlantic states--particularly New York--have lagged behind, whereas the Midwest has come on strong (chart). Many observers assume that New York's export mix and high labor costs have held it back, and that the Midwest has benefited from the dollar's sharp depreciation since the mid-1980s.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.