U.S. Trade And Development Agency
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U.S. Trade And Development Agency
The U.S. Trade and Development Agency (USTDA) is an independent agency of the United States government, formed in 1992 to advance economic development and U.S. commercial interests in developing and middle income countries. Structure The U.S. Trade and Development Agency (USTDA) was created under the (22 U.S.C. §2421) to "promote United States private sector participation in development projects in developing and middle-income countries" and to "provide opportunities for the use of United States exports." With these Congressional mandates, USTDA’s dual mission is unique among foreign assistance agencies: while the Agency promotes outcomes in infrastructure and economic development, it is mandated to help create American jobs through exports. History USTDA’s roots date to the 1970’s, when the United States Agency for International Development (USAID) coordinated a government-wide "Reimbursable Development Program" (RDP) to provide foreign countries continued access t ...
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Enoh Ebong
Enoh Titilayo Ebong is a Nigerian-American attorney and trade official currently serving as the director of the United States Trade and Development Agency. She was made to be the permanent director of the agency, having been confirmed on March 31, 2022. Early life and education Ebong was born in Nigeria. Ebong's father, Ime James Ebong, served as permanent secretary of the Nigeria Federal Ministry of Economic Development and Reconstruction. She earned a Bachelor of Arts degree from the Annenberg School for Communication at the University of Pennsylvania, a Master of Arts in history from the University of Edinburgh, and a Juris Doctor from the University of Michigan Law School. Career Ebong is a member of the Massachusetts Bar Association. From 1997 to 2004, she worked as a finance and business associate at Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo. She then joined the United States Trade and Development Agency, serving as attorney–advisor from 2004 to 2007, acting reg ...
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Independent Agencies Of The United States Government
Independent agencies of the United States federal government are agencies that exist outside the federal executive departments (those headed by a Cabinet secretary) and the Executive Office of the President. In a narrower sense, the term refers only to those independent agencies that, while considered part of the executive branch, have regulatory or rulemaking authority and are insulated from presidential control, usually because the president's power to dismiss the agency head or a member is limited. Established through separate statutes passed by the Congress, each respective statutory grant of authority defines the goals the agency must work towards, as well as what substantive areas, if any, over which it may have the power of rulemaking. These agency rules (or regulations), when in force, have the power of federal law. Executive and regulatory agencies Independent agencies exist outside the federal executive departments (those headed by a Cabinet secretary) and the Exec ...
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Developing Country
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ...
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Middle Income Country
The category of newly industrialized country (NIC), newly industrialized economy (NIE) or middle income country is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than other developing countries; and where the social consequences of industrialization, such as urbanization, are reorganizing society. Definition NICs are countries whose economies have not yet reached a developed country's status but have, in a macroeconomic sense, outpaced their developing counterparts. Such countries are still considered developing nations and only differ from other developing nations in the rate at which an NIC's growth is much higher over a shorter allotted time period compared to other developing nations. Another characterization of NICs is that of countries undergoing rapid economic growth (usually export-oriented). Incipient or ongoing indust ...
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