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Brookings Metropolitan Policy Program: Global Cities Initiative, Houston

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Presentation by Bruce Katz, Vice President of the Brookings Institution and Director of the Metropolitan Policy Program. …

Presentation by Bruce Katz, Vice President of the Brookings Institution and Director of the Metropolitan Policy Program.

Global Cities Initiative forum in Houston, TX on May 15, 2013.

The Global Cities Initiative is a Joint Project of Brookings and JPMorgan Chase.

For more information: http://www.brookings.edu/projects/global-cities.aspx

Published in Business , Economy & Finance
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  • 1. GLOBAL CITIES INITIATIVEA JOINT PROJECT OF BROOKINGS AND JPMORGAN CHASEHouston, TX / May 15, 2013@bruce_katz#globalcities
  • 2. 10.2 millionjobs neededMore Jobs
  • 3. 81 millionpoor or near poor in 2000More Jobs & Better Jobs
  • 4. 107 millionpoor or near poor in 2011More Jobs & Better Jobs
  • 5. A vision for the nextAmerican economy1 2 312 3
  • 6. The next economy will belargely metropolitan1 2 3123
  • 7. 1 2 31 23Metropolitan areasare driving innovationMETROINNOVATION
  • 8. A vision for the nextAmerican economy1 2 312 3
  • 9. 2009Global GDP19.9%US21.0%BIC CountriesSource: International Monetary Fund, World Economic Outlook Database, April 2010
  • 10. 2015Global GDP26.5%BIC Countries17.9%USSource: International Monetary Fund, World Economic Outlook Database, April 2010
  • 11. Global Metro Population200950%
  • 12. Global Metro Population203060%Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2009
  • 13. Economic Performance2011 - 2012Highest Performing MetrosLowest Performing MetrosSource: Brookings, Global MetroMonitor, November 2012
  • 14. Exports Share of GDP201013%United States29% 22%15%30%JapanChina Canada IndiaEuropean Union15%Source: Brookings analysis of WTO and EIU data, 2011
  • 15. Transport Networks are Clogged and Congested
  • 16. Can we get back into theexport game?
  • 17. billionUS manufactured exports2010$944
  • 18. Japan$680$944United States GermanyFrance$409China$1477$1091Top Manufacturing Exporting Countries2010, BillionsSource: World Trade Organization, 2011
  • 19. $358ServiceImportsServiceExports$518US Service TradeBillions, 2010$160 billiontrade surplusSource: World Trade Organization, 2011 (Data reflect Commercial Services)
  • 20. Can the U.S. play in thelow carbon revolution?
  • 21. Sources: Brookings-Battelle Clean Economy Database (2011)2.7 millionclean economy jobs
  • 22. 1.4 millionbiosciences jobs4.8 millionIT jobs2.4 millionfossil fuel jobs2.7 millionclean economy jobsSources: Brookings-Battelle Clean Economy Database (2011), Brookings Analysis of Battelle, BLS, Moody’s Analytics data
  • 23. $53.9 billionclean economy exportsSource: Brookings-Battelle Clean Economy Database (2011) and Moody’s Economy.com
  • 24. $53.9 billionclean economy exportsNationalEconomy$10,392Export IntensityYearly Export Earnings per Job$20,124CleanEconomySource: Brookings-Battelle Clean Economy Database (2011) and Moody’s Economy.com
  • 25. 35%manufacturingshare of engineers
  • 26. 68%manufacturingshare of R&D35%manufacturingshare of engineers
  • 27. Source: EOP “A Framework for Revitalizing AmericanManufacturing” (2009)Brookings “Accelerating Advanced Manufacturing with NewResearch Centers” (2011)90%manufacturingshare of patents68%manufacturingshare of R&D35%manufacturingshare of engineers
  • 28. Can the U.S. be anInnovation Nation?
  • 29. US Names China OnIntellectual-PropertyWatchlistChinas insufficient protection ofintellectual property rights remains a toppriority for U.S. trade policy, given the"troubling" direction of recent governmentmeasures aimed at supporting domesticinnovation, the U.S. Trade Representativesoffice said Monday.China Begins to LoseEdge as World’s FactoryFloorJanuary 16, 2013BEIJING - China is losing its competitiveedge as a low-cost manufacturing base, newdata suggest, with makers of everythingfrom handbags to shirts to basic electroniccomponents relocating to cheaper locales.The shift - illustrated in weakened foreigninvestment in China - has pluses andminuses for an economy key to globalgrowth.Shale Gas Fuels U.S.ManufacturingRenaissanceJanuary 10, 2013Abundant, affordable domestic natural gasis helping to revitalize energy-intensiveindustries like petrochemicalmanufacturing.“Looking back 20 years, chemicals wereout nation’s top export product. But asrecently as five years ago, we were on theverge of becoming an importer. Now theindustry is back.January 19, 2013The number of firms known tohave “reshored” manufacturing toAmerica is well under 100.Doubtless many more are doing soquietly. Examples range from thetiny, such as ET Water Systems, tothe enormous, such as GeneralElectric, which last year movedmanufacturing of washingmachines. fridges, and heatersback from China.Reshoring Manufacturing:Coming Home
  • 30. 11%wage premiumin exporting firmsSource: Istrate, Rothwell & Katz, Export Nation (2010)Greater likelihoodof health andretirement benefitsin export-intenseindustries
  • 31. The U.S. must get smart...fast
  • 32. Source: US Census Bureau, 2010 American Community SurveyHispanics19%AfricanAmericansNon-HispanicWhitesAsians25%39%56%Educational AttainmentAssociate’s Degree or HigherUnitedStates36%
  • 33. Source: US Census Bureau, 2010 American Community SurveyHispanics19%AfricanAmericans25%Educational AttainmentAssociate’s Degree or Higher
  • 34. The next economy will belargely metropolitan1 2 3123
  • 35. Source: Brookings analysis of US Bureau of Economic Analysis data
  • 36. TexasAustin, Dallas, El Paso, Houston, McAllen, SanAntonioPopulation GDP71% 74%
  • 37. TexasAustin, Dallas, El Paso, Houston, McAllen, SanAntonioPopulation GDPCorpus Christi, Brownsville, Killeen, Beaumont, Lubbock,Amarillo, Laredo, Waco, College Station, Longview, Tyler,Abilene, Wichita Falls, Odessa, Midland, Sherman, Victoria,San Angelo, Texarkana88% 89%
  • 38. ServiceExports75%63%ManufacturingExportsPopulation66%Top 100 Metro ExportsShare of U.S. TotalsSource: Brookings, ExportNation 2012
  • 39. Top 100 Metro ExportsChemicalProducts68%76%Business/ProfessionalServicesComputer/ElectronicProducts78%Population66%Share of U.S. TotalsSource: Brookings, ExportNation 2012
  • 40. Top 100 Metro Trade LogisticsU.S. AirCargoWeight82% 88%ForeignWaterborneCargo WeightAirlineBoardings92%Population66%Share of U.S. TotalsSource: Brookings analysis of US Census Bureau, FAA, and PIERS data (2009)
  • 41. Aerial imagery: © DigitalGlobe, GeoEye, Sanborn, USGS, USDA FSA
  • 42. 217,527USHoustonMetroManufacturingIntensity8.5% 8.5%Manufacturing JobsTop Manufacturing SectorsHouston, TX Metro Manufacturing DashboardFabricated Metals 20.9%Machinery 19.5%Chemicals 15.3%Computers & Electronics 8.4%Petroleum & Coal Products 5.8%USHoustonMetroManufacturingGrowth2010 Q1 - 2011 Q42.7%5.9%Source: Brookings, Locating American Manufacturing 2012
  • 43. $47.9 BTop 100MetrosHoustonMetroExport Intensity9.8%14.0%Export VolumeGoods & Services Exports71.9%goods share ofexportsHouston, TX Metro Export Dashboard307,000Export Jobs28.1%services shareof exportsTop Services SectorsTop Services SectorsTravel and Tourism 8.9%Business Services 6.9%Royalties 5.6%Top Manufacturing SectorsTop Manufacturing SectorsChemicals 20.3%Machinery 15.1%Petroleum and CoalProducts14.9%Source: Brookings, ExportNation 2012
  • 44. Houston, TX Metro Export DashboardSource: Brookings, ExportNation 2012Houston’s Top Export DestinationsBy 2010 Volume (in millions)CanadaMexicoJapanUnitedKingdomChina$7,491.5$5,157.8$2,635.4$2,358.2$2,289.5GermanyBrazilSouth KoreaSingaporeNetherlands$1,853.3$1,724.3$1,678.4$1,467.3$1,323.4
  • 45. Houston, TX Metro Global Aviation DashboardSource: Brookings “Global Gateways: International Aviation in Metropolitan America” (2012)Share of Houston Passenger AirTravel to Major Global RegionsBy 2011 Total PassengersHouston’s Top Air Travel ConnectionsBy 2011 Total PassengersLatin America/CaribbeanWestern EuropeDevelopingAsia/Pacific45.8%Rest ofWorld19.6%10.2%24.4%Mexico City 311,849LondonCalgaryCancunMonterrey227,883139,285130,974110,365
  • 46. Houston, TX Workforce DashboardSources: Brookings, State of Metropolitan America (2010), Geography of Immigrant Skills (2011), Demand for H-1B Immigrant Workers in US Metros (2012)29%36%16%JobOpeningsAllAdultsUnemployedWorkersBachelor’s Degree Attainment by Industry46% 43%Energy Healthcare18%HoustonEmploymentImmigrant Skills Gap22.3%immigrantshare of population11thof 100 metrosHigh SkilledLow Skilled Middle Skilled42.6% 43%30%28%35.1%22.3%Immigrant SkillsAge 25+US Houston US Houston US HoustonSkills GapJob OpeningsRequiring, andAdults Possessing,Bachelor’s Degrees
  • 47. 1 2 31 23Metropolitan areasare driving innovationMETROINNOVATION
  • 48. Innovate Locally
  • 49. Market AssessmentTarget Sectors8% 9%12%Economic Profile15%12%13%9%Establish Goals & StrategiesBoost SME exportsIncrease global fluencyDouble exports Support key sectorsGovernmentsPhilanthropyFirmsUniversitiesCollaborate to CompeteLos AngelesMinneapolis-Saint PaulPortlandSyracuseMetropolitan Export Planning
  • 50. Metropolitan Export PlanningPortlandTarget industries: computers andelectronics, clean technology & innovationGoal: Double exports in the next five yearsStrategies:1. Leverage primary exporters in computerand electronics2. Catalyze under-exporters in manufacturing3. Improve the export pipeline for smallbusiness4. “We Build Green Cities” - brand andmarket Greater Portland’s global edge
  • 51. Metropolitan Export PlanningPortlandTarget industries: computers andelectronics, clean technology & innovationGoal: Double exports in the next five yearsCity ofPortlandMayor’s Office
  • 52. Los AngelesMetropolitan Export PlanningStrategies:1. Establish the Los Angeles Regional ExportCouncil2. Target high-opportunity market segments3. Market the Los Angeles region to the worldTarget industries: aerospace, computersand electronics, pharmaceuticals, film andtelevision, professional servicesGoal: Double exports in the next five years& foster more globally-fluent, export-oriented business culture
  • 53. University ofSouthernCaliforniaUniversity ofCalifornia LosAngelesCity ofLos AngelesLos Angeles Regional Export CouncilLos AngelesMetropolitan Export PlanningTarget industries: aerospace, computersand electronics, pharmaceuticals, film andtelevision, professional servicesGoal: Double exports in the next five years& foster more globally-fluent, export-oriented business culture
  • 54. The United States Conference of Mayors“Export Ready”Challenge
  • 55. HoustonBuild on Metropolitan Houston’s StrengthsTarget industriesGoalsNetworkStrategiesMetropolitan Export Planning MetropolitanHoustonExport Plan
  • 56. Building a 21st Century Workforce forthe Houston RegionGoal: Develop comprehensive workforcestrategy to tackle challenges in theGreater Houston RegionGHP Workforce Development TaskforceHouston
  • 57. Innovate Locally Advocate Nationally
  • 58. PennsylvaniaCenter for Trade & DevelopmentState Governments22 foreign tradeofficesfirms assisted withexports1,350new exports fromassisted firms, 2010$483 mFloridaEnterprise Florida12 internationaloffices$3 bstate GDP added from exportassistance & businessdevelopment in 2011
  • 59. State Governments ColoradoSpace Cluster4 states joining Colorado to advocate forand promote space cluster initiatives$20m competitive matching grants forearly-stage tech development in COOhioThird Frontier & Edison Tech Centers7 regional centers providing innovation &commercialization servicesto foster innovationecosystem in Ohio2010-2016$700 m
  • 60. ReformImmigration forCompetitivenessOpen NewMarketsFree TradeAgreementFree TradeAgreementFree TradeAgreementFederal GovernmentModernize &Prioritize TradeCorridorsNational FreightStrategyTrans-PacificPartnershipEuropeExportFinancingInternationalMarketIntelligenceInternational TradeAdministrationExport-Import Bank
  • 61. Innovate Locally Network GloballyAdvocate Nationally
  • 62. New YorkSao PauloTorontoLagosSydneyTokyoShanghaiLondonParisFrankfurt
  • 63. DetroitMonterreyBogotaJohannesburgCologneChennaiHanoiChongqing
  • 64. HoustonSingaporeCalgaryRio de JaneiroDaqingPerthDubaiStavanger
  • 65. Xi’anDelhiAntiochTyreSamarkandLanzhouBaghdad Tehran
  • 66. GLOBAL CITIES INITIATIVEA JOINT PROJECT OF BROOKINGS AND JPMORGAN CHASEHouston, TX / May 15, 2013@bruce_katz#globalcities