The document discusses global economic trends, focusing on Asia's rise and its impact on other regions. It notes that Asia now contributes over half of global GDP growth and that China's economy will likely become the largest in the world within the next decade. Manufacturing is moving to Asia due to lower costs, and Asia is becoming a center of production, investment, and consumer markets. However, higher wages and inflation in Asia could lead companies to move production elsewhere over time. The document also covers topics like Japan's slow growth and deflation, US budget deficits, and inflation risks in different countries.

1. Around the World In 45 Minutes April 2011

2. Globalization

3. Manufacturers Experiencing Rising Exports

4. Export’s Contribution to GDP

6. IGER.csuci.edu

7. Why IGER? Bridge to Pacific Rim Prepare Our Students

8. Areas Today Asia China Japan Budget Deficits Inflation

9. Asia

10. Asia’s Contribution to Global GDP Growth

11. Soaring Industrial Production in Asia

12. Investments in Asia

13. Higher labor Costs in Asia ex Japan

14. Asia Consumption Accelerating

15. Asia Inflation Supply Shortages Demand Pull Not Much Slack

16. Asia Place to Produce Invest Sell Future

17. China’s Economy

18. Share of Global GDP

22. U.S. Treasury Securities 8% of all 25% of foreign owned

24. Trades Settled

26. China’s Love Affair with Cars

27. Buy a Car and Buy a Flat

28. China’s Shrinking Trade Surplus

29. House Prices for Asian Cities

31. Gov’t Policies Purchase Restrictions Property Taxes Higher Interest Rates

32. Five-year Plan Happy China

34. China Inflation Social/ Political

35. Conclusion Growth Cool Down Inflation Ease Control Property Prices Gradual Yuan Appr.

37. Japan Unemployment Rate

38. Japan Exports by Region

39. Japan: Consumer Price Index

50. Financial Market

51. Repatriate

52. Yen Appreciation

55. 20% Semiconductors

56. 40% Electronic Comp

57. 10% Laptop Batteries

61. 1923 Nationalism

62. 1945 Superpower

64. Japan Video

65. Risk for Us Not in Asia

66. Locally Businesses: Asia Labor Force: Train

68. High End Consumer Goods

70. U.S.A

71. Japan

72. Germany

73. U.K.Brazil Mexico France Canada Korea

75. Republican Proposal

78. Interest Costs

79. What to Do?

81. Political Climate

83. U.S. Defense Spending

84. USS Ronald Reagan

85. USS Bill Clinton

86. USS Barak Obama

87. Higher Taxes

98. Food Inflation Up 80% y/y Protests in N. Africa China 25% of U.S. Soy Ethanol 40% of Corn

99. Inflation Risks Inflation Expectations Wage Increases

100. Inflation Expectations

102. Why No Deflation Inflation Expectations Wage Rigidities Import Prices Monetary Policy

103. No Deflation Inflation Eventually Cost Push Excess Cap. Diminishes Taxes Fees

104. Ventura County April 2011

111. IGER.csuci.edu

112. DrSohn.com (not Dr.Sohn.com)