A wide range of small businesses in the U.S. are beginning to take advantage of weak U.S. dollar’s exchange rate to market their products to Europe and Latin America. “We are hearing about the credit crisis every day, but we are not hearing enough about how the weak dollar is a good thing for business,” Raphael Amit, a professor of entrepreneurship at the Wharton School at the University of Pennsylvania, told The New York Times. “It is one of the things that will help prevent a recession. When the dollar is weak, imports are more expensive. So relatively speaking, domestic production and services are more competitive. Simple as that.”

Amit said that falling interest rates can create an ideal climate for small businesses.

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