International Trade and the Golden Triangle
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The document summarizes Texas' strong position in the global economy due to factors like exports, trade, business climate, workforce, energy resources and infrastructure. It notes that Texas is the largest exporting state and ranks highly for foreign direct investment. The document also outlines various state and federal programs that support trade and economic development in Texas.
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![[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Texas – Leader in the Global Economy](https://image.slidesharecdn.com/mirabi-091207121811-phpapp01/85/International-Trade-and-the-Golden-Triangle-1-320.jpg)
![The Global Economy – Turmoil ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sources: WorldBank / Texas State Comptroller of Public Accounts / Federal Reserve Bank (Dallas)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Collective Mining | Corporate Presentation - June 2024
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International Trade and the Golden Triangle
- 4. Source: Atkinson, Robert D. and Daniel K. Correa. “ The 2007 State New Economy Index: Benchmarking Economic Transformation in the States.” Kauffman Foundation and The Information Technology &Innovation Foundation The Global Economy – A Paradigm Shift Issue Old New Markets Stable Dynamic Scope of Competition National Global Organizational Form Hierarchal Networked Production System Mass Production Flexible Production Key Factor of Production Capital/Labor Innovation/Ideas Key Technology Driver Mechanization Digitization Competitive Advantage Economies of scale Innovation/Quality Relations Between Firms Go it alone Collaborative Skills Job-Specific Broad and Changing Workforce Organization Man “ Intrapreneur” Nature of Employment Secure Risky
- 7. Source: Federal Reserve Bank (Dallas) Texas Exports – Output Levels
- 8. Source: Federal Reserve Bank (Dallas) Texas Exports - Composition
- 9. Source: Federal Reserve Bank (Dallas) Texas Exports - Destination
- 39. Texas is Number One
Editor's Notes
- The manner in which the downturn spread across the globe like a contagion shows that nations are economcially more integrated than ever and globalization will continue to be an integral driving force in the world economy.
- Intrapreneur: a corporate executive who develops new enterprises within the corporation (Webster)
- Leading factors: China GDP growth & for Europe: dollar depreciation
- Exports are positive force for Texas: Texas can never compete with China/India but competitive advantage resides in high skilled jobs. Export-oriented jobs almost always are higher-wage than average.
- Caveats: Global trade keeps a lid on inflation Global trade creates flow of ideas and promotes efficiency Unfettered capital creates greater foreign investment FDI may be one of only things to save US at present