www.csua.org/u/sgw -> finance.yahoo.com/banking-budgeting/article/111986/10-industries-in-which-the-us-is-no-longer-no-1
The foundation of that certainly began to erode in the 1970's, when much of America's manufacturing industry started to move overseas. Many US companies wanted to cut costs, including high-priced manufacturing jobs. That contributed to the rise of the Japanese and, more recently, the Chinese economies.
As Moody's Downgrades Egypt, a Win for Credit Agencies and Investors As US manufacturing eroded, so did other critical parts of society. American children are no longer the best educated in the world. America's health care system no longer produces the healthiest population. US GDP no longer grows as quickly as it once did, particularly in the recoveries that follow recessions. China now has the fastest-growing large economy in the world. The country still leads in the production of many commodities, but improved farming practices and more advanced seed have allowed the yield per acres in countries like Russia, China Russia and Vietnam to rise. analysis of "Ten Industries in Which the US Is No Longer No1" Whether this list will grow depends on how quickly the American economy improves and whether business innovation continues to increasingly come from overseas. America now fights to remain competitive globally with one hand tied behind its back. The current deficit, growing national debt, lack of government capital for R&D and unemployment all contribute to a crippled economy. Each of these makes it harder for the US economy to regain the ground it has lost over the past few years.
News) was strong enough to avoid having to ask for government handouts. The US is not only the second largest manufacturer of cars; Japanese automakers made 17 million cars in 2009 compared to 12 million made by US companies. In just nine years, the People's Republic has roughly doubled its production output to 423 million hectoliters. Per capita consumption in China is relatively low at less than half of the level in the US However, China has a drinking population four times larger and has created an industrial capacity in the beer sector that has allowed the country to pull far ahead of the US 3 High-Technology Exports Position: 2nd Leader: China, $381 billion in 2008 US: $231 billion in 2008 The World Bank describes high-technology exports as "products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery." These are all fields in which the United States prides itself, and the US remains in first place in the pharmaceutical industry. Despite this, China has beaten America in the high-technology exports since the World Bank began collecting data on the category in 2005. In 2008, Chinese high-technology exports were worth $381 billion and American exports were $231 billion. America's second place status shows no signs of changing. Between 2005 and 2008, Chinese high-tech exports increased 78%, relative to a mere 21% by the US over the same time period.
The costs to create an aerospace manufacturing industry were prohibitive. In the 80's European air manufacturers began to compete through subsidies, particularly European-based Airbus, which was originally formed by France, Germany, Spain, and other investors. Rising demand for Airbus planes have propelled the European company past Boeing to become the largest commercial airplane manufacturer in the world. In 2010, Airbus was awarded more jetliner contracts than its American competitor. It appears the trend will continue this year, with Airbus securing a massive deal with IndiGo, the third-largest airline in India. Coal production in America is now a distant second to China. According to the US Energy Information Administration, the US produced just over a billion short tons of coal in 2009. China produced more than three times that amount -- 33 billion -- because of the exponential growth of the Chinese energy infrastructure in the last decade. Since 2005, American coal production has decreased slightly, while Chinese production has increased 34%. The two countries account for more than half of the world's total coal production. Food consumption is obviously significantly higher as well. Partially because of large federal subsidies, the United States remains #1 in corn and soybean production. Chinese demand has caused domestic production of many crops to move well ahead of that of the US For example, Chinese lettuce production was nearly 13 million metric tons in 2009, while US production was closer to 4 million, according to the United Nations. US: 9 million barrels produced each day The United States produces the third most oil per day, at just over nine million barrels. The two leaders are Russia, at 10 million barrels per day, and Saudi Arabia, at 97 million barrels per day. Despite its current position in production, the US is only 14th in proved reserves, with 19 billion barrels available relative to Saudi Arabia's 264 billion barrels. The US is now the second-largest importer of crude and continued to deplete its reserves to try to be less dependent on foreign crude. Because of reduced demand, this country is actually the third leading rice exporter with 18% of the world market. China produces 20 times more rice than the US 9 Wind Energy Generated Position: 2nd Leader: China, with 42 gigawatts generated in 2010 US: 40 gigawatts in 2010 While some chastise the United States for failure to implement alternative energy sources and complain about our dependence on fossil fuels, the country is nevertheless, for the moment, leading the globe in alternative energy capacity. China's renewable energy infrastructure has increased, however, and might have surpassed the US in 2010. What is certain is that China beat out the US in wind generation. In 2010, American wind energy capacity was at 40 gigawatts, while Chinese generation was nearly 42 gigawatts. For example, the US continues to produce the most beef and veal, beating out Brazil and China in consumption as well. However, pork demand in the United States, while the second-greatest in the world, is less than a fifth of that in China.
Report Abuse As long as the idiot in the White House keeps the drilling stopage in the Gulf, we will be more dependent on foreign oil. Keep buying the foriegn cars & wonder why there is so much unemployment.
Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. site, you agree not to redistribute the information found therein.
Answers is provided for informational purposes only, and no Q&A is intended for trading or investing purposes. shall not be responsible or liable for the accuracy, usefulness or availability of any Q&A information, and shall not be responsible or liable for any trading or investment decisions based on such information.
|
http://csua.com/feed/