Davis and three other panel members â€" attorney and book author Robert Miller, Minority Business Development Agency Director David Hinson and International Business Consultant Robert Shade â€" emphasized that the world is largely untapped by indigenous people when it comes to trade.
Miller is an Attorney, a Law Professor at Arizona State University and Author of the 2012 book â€œReservation Capitalism: Economic Development in Indian Country.â€
introduced a simple economic principle called the multiplier effect, which means the number of times a dollar made in a community circulates in that community.
â€œWhat Iâ€™ve mostly focused on is keeping it in the American Indian community,â€ Miller
said of his
work to this point. â€œMy passion is for American Indian tribes to work together."
said the same parameters that guide domestic indigenous trade can guide it on a global scale.
For starters, he
said, â€œpolitics has to be separated from business decisions.â€ Miller
cited studies by the Harvard Project for American Indian DevelopmentÂ showing that when tribes do that successfully, â€œthe possibility of profitability goes up 400 percent.â€ In practice, that means a tribal government establishes its businesses and their organization, but then hands the reins to an independent board.
Another asset for entrepreneurial tribes is an autonomous court system.
When a tribe has an impartial dispute resolution system, he
says, there is on average five percent higher employment on the reservation.
There's no need for indigenous people to re-invent the wheel to heed the global call; some tribes have already done so.
pointed out that the Mississippi Choctaw Tribe owns manufacturing plants in Mexico.