The global economy has extended the reach of U.S. economic interests to virtually every nation on earth. Through extensive involvement abroad, American business is successfully bringing desperately needed economic benefits to the developing world. Indeed, the positive effects of trade by U.S. companies often go far beyond creating jobs and raising living standards. U.S. commercial engagement overseas is an effective method for promoting democracy, human rights, and other values that can make a positive difference in the lives of millions. Because U.S. companies are often actively involved at many levels in the countries and communities they serve, the benefits are great -- and tangible. From better schools and health care to improved infrastructure and housing -- business is making a difference.
Over the next several weeks, USA*ENGAGE will provide individual company examples of the positive role of commercial engagement abroad.
ARCO has built three medical dispensaries in Ecuador, as well as six schools, and provided breakfast and school supplies for the students. ARCO also developed a scholarship program for students in secondary school.In the Ecuadorian village of Moretecocha, near a major ARCO drilling expedition, the company has built two schools, living quarters for teachers, sanitation facilities, and a community center. ARCO is also providing 12 scholarships per year for students near the drilling area to study in Puyo, plus two scholarships for advanced students. ARCO has also brought in a doctor to serve the local villages. For those needing additional treatment, it has upgraded the local airstrip and provided regular flights to Puyo so residents can receive medical care there.