Economic power of the United States
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This power points is a brief snapshot of the United States economy. It is an infographic attempt on showcasing the variables and causes towards party lobbying and motivation towards policy and decision making. Where will we be at election 2020?
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Economic power of the United States
- 1. Aaron Dungca Global and U.S. Trends
- 2. 2 Economic Trends for the Future • Global Economic Trends • Gross World Product Trends • Global Unemployment Trends • Global Manufacturing Trends • United States Economic Trends • Gross Domestic Product Trends • United States Unemployment Trends • United States Manufacturing Trends
- 3. Projected 5 Largest Economies in the World Rank Country 2014 Country 2015 Country 2030 Country 2031 1 United States 17,348 United States 17,968 China 34,338 China 35,262 2 China 10,357 China 11,385 United States 32,996 United States 33,656 3 Japan 4,602 Japan 4,116 India 10,133 India 10,629 4 Germany 3,904 Germany 3,325 Japan 5,087 Japan 5,094 5 United Kingdom 2,950 United Kingdom 2,864 Germany 4,720 Germany 4,76
- 4. Projected Manufacturing GDP Through 2050
- 5. Actual and Projected U.S. Unemployment Rates through 2060
- 6. Economic Advantages/Opportunities 1. Fastest Growing Economies a. India 7.5% b. China 6.3% c. United States 2.7% 2. International Labor Mobility a. Reduced Labor Benefits b. The Boomerang Effect 3. Manufacturing Economic Globalization (4 Components) a. Free Flow of Goods b. Free Flow of Capital c. Free Flow of Technology d. Free Flow of Labor
- 7. Economic Advantages/Opportunities (Continued) e) U.S. Advantages as Opportunities: i. Increase in Employment Opportunities: i. Education i. Increase in Free Trade: i. Faster Flow of Information: i. Decrease in prices of goods and services: i. Reduction in cultural barriers:
- 8. World Economic Obstacles/Barriers a. Military Expense a. Military Spending b. War as Economic growth b. Political a. Protectionist Leader b. Brexit c. Labor Market a. Education b. Rate of Technological Change d. Demand for Natural Resources a. Natural Resources Reserves b. Diminishing Farmlands c. Overfishing
- 9. U.S. Economic Obstacles/Barriers (Continued) 1. U.S. Expenses a. Social Security- $1.28 trillion, 33.26% b. HealthCare- $1.05 trillion, 27% 2. Unemployment a. 4.9% in 2016 compared to 9.9% in 2009. 3. Manufacturing a. Low skills of an average worker and high demand for jobs such as engineers, finance, technology.
- 10. References The 5 Biggest Challenges the Global Economy Faces in 2017 • http://nationalinterest.org/feature/the-5-biggest-challenges-the-global-economy-faces-2017-18144 World Military Spending • http://www.globalissues.org/article/75/world-military-spending What’s wrong with the world labour markets? • https://www.weforum.org/agenda/2015/10/whats-wrong-with-the-worlds-labour-markets/ Natural Resources and Conflict: A New Security Challenge for the European Union • https://www.sipri.org/sites/default/files/files/misc/SIPRIPB1206.pdf Environmental Scarcity and the Outbreak of Conflict • http://www.prb.org/Publications/Articles/2001/EnvironmentalScarcityandtheOutbreakofConflict.aspx Explorations of Unemployment Rates • http://kk.org/extrapolations/unemployment-rates-to-2050/
- 11. References • Global Economic Prospects: The Real GDP • http://pubdocs.worldbank.org/en/520271481727527899/Global-Economic-Prospects-January-2017-January-2017-Table1.pdf • The World in 2050: Will the shift in global economic power continue? • http://www.pwc.com/gx/en/issues/the-economy/assets/world-in-2050-february-2015.pdf • A New Look at Long-term Labor Force Projections to 2050 • https://stats.bls.gov/opub/mlr/2006/11/art3full.pdf • US Unemployment Forecast 2015-2020 and up to 2060, Data and Charts • https://knoema.com/ennihcf/us-unemployment-forecast-2015-2020-and-up-to-2060-data-and-charts • Manufacturing Productivity • http://www.tradingeconomics.com/forecast/manufacturing-production • How Unemployment Rates Affect the Economy • http://elitedaily.com/news/business/how-unemployment-rates-affect-the-economy/
- 12. References The Economics of Labor Mobility • http://www.investopedia.com/articles/economics/09/labor-mobility.asp?lgl=bt1tn-baseline-below-textnote Do Businesses Benefit from Unemployment • http://www.thefiscaltimes.com/Columns/2014/02/07/Do-Businesses-Benefit-Unemployment What is the GDP Growth Rate? • https://www.thebalance.com/what-is-the-gdp-growth-rate-3306016 What are the Advantages/Disadvantages of Globalization • https://www.quora.com/What-are-the-advantages-and-disadvantages-of-Globalization