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The U S has globalized 1986 2016 1986 TodayU S Trade of GDP 16 9 27 1 2017 Foreign Direct Investment Net 0 4 1 8 2018 inflows of GDP .
Foreign Direct Investment Net 0 8 1 9 2017 outflows of GDP Holdings of Foreign Securities 870 260 million 1994 12 409 000 million 2017 Migrants Population 6 2 1980 13 7 2017 Cross Border Data flows 4 7 Terabits per second Tbps 211 3 Tbps 2016 .
Source World Development Indicators World Bank U S Treasury Migration Policy In THE NUMBERS World container capacity 1960 0 01 million TEUs 1990 1 4 million TEUs2000 4 3 million TEUs.
2004 6 4 million TEUs2009 12 1 million TEUs2014 19 9 million TEUs2017 21 million TEUs Twenty foot equivalent units .
As of November 2 2017 Trade Has Become a Larger Part of the U S EconomyPercentage Share of GDP Trade as a share of U S gross domesticproduct has increased from 20 percent in 1992.
to over 27 1 percent in 2018 World Bank 3 Currency trading is the world s largest market THE NUMBERS 1970 2000 2010 2018Currency Trading 6 trillion 547 trillion 1 460 trillion 1 849 trillion.
World GDP 3 trillion 34 trillion 66 trillion 76 trillionExports 384 billion 7 9 trillion 18 9 trillion 20 9 trillion Goods and services combined Source World BankAnd a table with all figures for 2017 Currency turnover 1 849 trillion .
World GDP 80 7 trillionTotal world exports 23 trillionCurrency reserves 11 4 trillionCirculating currency 7 6 trillion 2016 Data from BIS.
All coinage and banknotes per The Money Project All other Data from World Bank IMF or Bank for International Settlements Global Supply ChainsSources of value in a specific productGermany Assembly iPhone 179 00.
30 15 6 50Korea Retail price 22 96 China USAComponents Source Xing andRest of world 48 04.
10 75 Detert 2010 Although the iPhone says made in China only a small amount 6 50 of the 179 value of each iPhone exported to the US isadded in Chinese assembly The United States adds 10 75 of value in components to each.
phone more than China Apple and other U S retailers capture substantial value 321 Share of the global economy in purchasing power parity terms of global GDP PPP basisNote These data apply Maddison s long term growth projections to his historical PPP based estimates for 29 OECD member countries and 129.
non member economies Source Authors calculations based on Maddison 2007 and Maddison 2010 Global supply chains Sources of value in U S goods and servicesU S China Japan Asia Canada Mexico Europe Others Total.
U S imports 8 3 7 7 10 4 12 0 11 0 4 9 26 1 19 5 100 0U S absorption 89 0 0 9 1 3 1 5 1 3 0 6 0 7 2 1 100 0U S exports 87 1 0 8 1 3 1 5 1 7 0 9 3 3 3 2 100 0Note U S absorption refers to total use by U S consumers companies and government Key facts on U S imports exports and production.
Imports The US contributes more value to U S imports 8 3 than does China 7 7 U S components are sent abroad and U S value returns in finished goods The Americas Asia and Europe are all important sources of value Absorption total use by U S consumers companies and government .
89 0 of the value of goods and services used in the U S is generated in U S But for some industries the U S contribution is much lower The U S adds only one third of the value of electronics it uses Exports The U S contributes 87 1 of the total value in U S exports 12 Global supply chains .
Effects of U S participation Effects on U S companies Companies achieve increased productivity lower costs Success often requires focus on coordinating tasks of other firms in Effects on U S consumers.
Consumers gain Lower prices faster access to goods Effects on U S workers Higher skilled workers likely benefit The effect on lower skilled workers is ambiguous The technology of modern logistics improves productivity but these.
workers compete with lower wage workers abroad Workers performing routine tasks most at risk No consensus on overall effect on workers Several studies suggest small but positive effect 13 U S wages have stagnated even as.
productivity and national income percapita have grownSource Economic Research Federal Reserve Bank of St Louis U S Real Manufacturing Output vs Employment.
1987 to 2016 Americans See Foreign Trade as an Opportunity Not a And a Plurality Say Free Trade Has HelpedTheir Financial Situation But Americans Are Split on the Value of.
Involvement in the Global Economy WhenReminded of the CostsWhich statement comes closer to your view about U S involvement in the global economy Source Pew Research Center Survey April 12 19 2016 And Trade Has Never Been a Priority for Most.
Americans Although They Are Slightly More Concerned in 2017Rating each a top priority for the president and Congress Trump Bush Obama .
2007 9 2010 2011 2012 2013 2014 2015 2016 2017 Defending against80 76 80 73 69 71 73 76 75 76Strengthening nation s.
68 85 83 87 86 86 80 75 75 73Reducing health care68 59 57 61 60 63 59 64 61 66Protecting the57 41 44 40 43 52 49 51 47 55.
environmentReducing the budget53 53 60 64 69 72 63 64 56 52Dealing with55 41 40 46 39 39 40 52 51 43.
immigration Dealing with global34 31 32 34 38 31 28 30 31 40trade issuesDealing with global.
38 30 28 26 25 28 29 38 38 38 Before 2014 question asked about illegal immigration climate change Prior to 2016 question asked about global w arming Source Pew Research Center survey conducted Jan 4 9 2017 .
November 21 2020 www pewresearch org 20 Opinions of Foreign Trade have Improved A Sharp Partisan Divide Existed in 2018 on theissue of increasing Tariffs Young People and Hispanics Most Supportive of.
Free trade agreements between the U S and other countrieshave been a good thing for the United States Note Whites and blacks include only those who are not Hispanic Hispanics are of any race Source Pew Research Center Survey August 9 16 2016 November 21 2020 www pewresearch org 24.
Why Americans Believe Outsourcing and Importsthe Greatest Harm to U S WorkersOverall do you think has done more to help or hurt American workers Source Pew Research Center Survey conducted May 25 June 29 2016 And Few Think Free Trade Deals.
Boost JobsNovember 21 2020 www pewresearch org 26Source: Pew Research Center Survey, August 9-16, 2016. Free trade agreements between the U.S. and other countries have been a good thing for the United States Why?: Americans Believe Outsourcing and Imports Pose the Greatest Harm to U.S. Workers * Source: Pew Research Center Survey conducted May 25-June 29, 2016.

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