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.

IBM sponsors a highly successful Home Ownership Program in China that began in 1992. Under the program, the company contributes 25 percent of each employees monthly salary to fund payments to buy a home, with employees contributing an additional 10 percent of their salary to the fund. The program seeks to alleviate severe housing shortages encountered by employees, enhance employee benefits packages, provide an incentive for employees to remain with IBM and reward exceptional performance. Some of the first Chinese to own their own homes were, in fact, IBM employees.

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