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Export or die

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Export or die

  1. 1. Export or die<br />The Economist<br />
  2. 2. Concerning USA<br />April 3th – 9th 2010<br />
  3. 3. The situation<br />GDP steadily growing 3.2 %<br />Unemployment rate 9.7 % last 3 months<br />
  4. 4. What`is<br />
  5. 5. the problem?<br />
  6. 6. Is<br />4% of all American firms<br />15% of American manufacturers<br />e x p o r t<br />their goods<br />
  7. 7. Trade deficit<br />379000000 0 0 0 $<br />
  8. 8. Why “no“ to export?<br />Domestic market large enough for most firms<br />
  9. 9. Source: Economist Intelligence Unit, authors adjustments<br />*Estimate<br />
  10. 10. Yet<br />Export to emerging markets constantly rising - from 35% to 53% in 20 years<br />
  11. 11. Who?<br />Existing firms with existing products<br />New firms with new products play a minor role<br />
  12. 12. Suggestion<br />America should stick to sectors in which it has a clear competitive advantadge<br />microprocessors - Intel<br />engineering<br />oil-production<br />services<br />
  13. 13. Service export<br />Service exports gradually increased to almost 33 % of the whole export<br />Emphasis on financial services (before the crash) - not a very good idea<br />oil-drilling<br />film<br />architecture (Kohn Pedersen Fox)<br />
  14. 14. To the East !<br />
  15. 15. Apple iPod<br />Production in China - accounts for only 2 % of the wages involved in its manufacture<br />USA around 70 % (engineering, software, distribution)<br />
  16. 16. Thank you<br />

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