DELIVERING THE NEXT ECONOMY The Central Role of Exports

Size: px
Start display at page:

Download "DELIVERING THE NEXT ECONOMY The Central Role of Exports"

Transcription

1 DELIVERING THE NEXT ECONOMY The Central Role of Exports Metropolitan Policy Program at BROOKINGS NEI ExportNOW Conference, Wichita KS / June 2,

2 8.4 million jobs lost in the recession Source: Brookings analysis of US Department of Labor data 2

3 1 in 10 people unemployed Source: US Department of Labor, November

4 Unemployment in Kansas Remains High 8.8% 6.8% 8.9% 8.3% National Average Kansas Average Kansas City Wichita Source: BLS ( March 2011) 4

5 Domestic Consumption Will Not Lead Economic Recovery 5

6 We Need a New Growth Model 6

7 1 2 3 We need a vision for the next American economy 7

8 1 2 3 The next economy will be driven by metro areas 8

9 1 2 3 We must build the next economy by unleashing the stateʼs regional REGIONAL ENGINES engines 9

10 1 2 3 We need a vision for the next American economy 10

11 11

12 We Need to Rebalance the U.S. Economy Share of GDP Private Consumption Exports 70.1% 63.0% 57.8% 58.3% 10.1% 12.7% 22.4% 29.7% Source: Economist Intelligence Unit, U.S. G7U.S. (Excluding U.S.) G7 (Excluding U.S.) 12

13 U.S. Exports Lag Our Competition Share of GDP in Exports 13% 36% 35% 24% China Canada India 18% 15% United States Japan European Union Source: Economist Intelligence Unit, 2010 (2008 data) 13

14 Exporting Is an Unnatural Act U.S. Companies that export to more than one country Source: US Department of Commerce Press Release, July 12,

15 The Locus of Economic Growth in the World Is Shifting 15

16 Economic Performance Highest Performing Metros Lowest Performing Metros Source: Brookings/LSE, Global MetroMonitor, December

17 Movement of Freight Is Compromised 17

18 Can we get back into the export game? 18

19 The U.S. Remains the Number One Exporter in the World 19

20 U.S. Service Trade $518 B $366 B $152 B Trade Surplus Service Imports Service Exports Source: US Bureau of Economic Analysis, International Transactions Accounts,

21 21

22 22

23 23

24 24

25 Photo: Flickr/dockphotos 25

26 Our Competitors Have Embraced the Green Economy Clean Energy Investment 2009 $34.6 B Planned High Speed Rail Investment 2010 to 2020 $300 B $18.6 B $13 B U.S. China U.S. China Photo: Richard Fisher Source: Utah Foundation Research Report, High-Speed Rail Around the World, August 2010 Source: Pew, 2010 G-20 Clean Energy Factbook, 2009 data 26

27 27

28 We Are at the Cusp of an Historic Era of Technological Progress Self-Driving Vehicles Smart Homes Remote Health Care Photos: The New York Times, Microsoft 28

29 The U.S. Ranks Low in Science and Engineering Degrees Source: National Science Foundation 45th Share of BAs in Science and Engineering 29

30 The U.S. is Now Running a Trade Deficit in Advance Technology Products $331 billion $270 billion Exports Imports Source: US Census Bureau, Foreign Trade Statistics 30

31 31

32 Major Exporting Industries Pay Higher Wages $84,488 $77,879 $57,313 $57,476 $63,165 $45,563 National Average Machinery Business, Professional & Technical Services Transportation Equipment Chemicals Computer & Electronic Products Source: Brookings analysis of U.S Census Bureau, BLS, IRS, IIE and BEA data (2008) 32

33 A Low Carbon Economy Can Create Jobs at All Skill Levels Financiers Scientists and Engineers Entrepreneurs Laborers 33

34 The U.S. must get smart... fast 34

35 The Rate of Educational Attainment Is Lowest Among the Fastest Growing Populations Bachelorʼs Degree Attainment 50% 28% 31% 18% 13% United States Asians Non-Hispanic Whites African Americans Hispanics Source: US Census Bureau, 2008 American Community Survey 35

36 1 2 3 The next economy will be driven by metro areas 36

37 A Metro Area Is Defined by Its Economic Function Advanced Research Institutions Small and Medium Enterprises Large Companies Business Associations Skilled Labor Schools and Colleges Government 37

38 Metro Areas Hold the Bulk of the Country s Assets that Will Drive the Next Economy Top 100 Metros Share of U.S. Totals 66% 75% 75% 80% 82% 12% Land Population Source: Brookings, ExportNation, 2010 (2008 data) Service Exports Graduate Degrees Energy Engineering, Research and Consulting Jobs NIH/NSF Funding 38

39 Metro Areas Generate the Majority of GDP in 47 of the 50 States Source: Brookings analysis of US Bureau of Economic Analysis data 39

40 In Kansas, Six Metro Areas Drive the State s Economy Manhattan St. Joseph 69% 71% 55% Topeka Lawrence Kansas City Wichita Metro Share of KS State Population Metro Share of KS State GDP Kansas City & Wichita Share of KS State GDP Source: Census population estimates and Moodyʼs Analytics (2009 data) 40

41 Wichita Rank Wichita Share of Kansas State Exports Growth (Top 100 Metros, ) 1st 32% 22% 27% 21% 20% Population GMP Service Exports Science & Engineering Employment Graduate Degree 22.3 percent Export Jobs (Top 100 Metros, 2008) 34th 71,147 Source: Brookings analysis of Census population estimates, ACS, Moodyʼs Analytics, BEA, and BLS (2009 data) 41

42 Kansas City Rank Kansas City Share of Kansas State Exports Growth (Top 100 Metros, ) 63rd 30% 34% 28% 45% 39% 7.5 percent Export Jobs (Top 100 Metros, 2008) Population GMP Service Exports Science & Engineering Employment Graduate Degree 26th 77,465 Source: Brookings analysis of Census population estimates, ACS, Moodyʼs Analytics, BEA, and BLS (2009 data) 42

43 1 2 3 We must build the next economy by unleashing the stateʼs regional REGIONAL ENGINES engines 43

44 Exports as a Continuum of Interventions Innovative U.S. Products Freight & Infrastructure EXPORTS Leadership in Manufacturing Market Based Export Promotion Strategy Skills to Support Innovation 44

45 The Feds Must Set the Rules for Global Engagement and Involve All Agencies The Export Promotion Cabinet (14 federal agencies) The State Trade and Export Promotion Grant Programs 45

46 Boosting Exports Requires a Range of Interventions - State Exports Low Carbon Innovation Opportunity Invest in what matters Infrastructure Banks Export Promotion Manufacturing Innovation Funds Energy Innovation Hubs Community Colleges 46

47 Boosting Exports Requires a Range of Interventions - State Exports Low Carbon Innovation Opportunity Invest in what matters Infrastructure Banks Export Promotion Manufacturing Innovation Funds Energy Innovation Hubs Community Colleges Reform for growth Taxes and Subsidies Governance Reform Multi-Municipal Collaboration 47

48 Reevaluate Wasteful Economic Development Subsidies 95% 56% Annual State Job Gains 42% 3% Business Relocations Expansion of Existing Businesses Birth of New Establishments Source: Jed Kolko, Business Relocation and Homegrown Jobs, (Sacramento: Public Policy Institute of California, September 2010) 48

49 Boosting Exports Requires a Range of Interventions - State Exports Low Carbon Innovation Opportunity Invest in what matters Infrastructure Banks Export Promotion Manufacturing Innovation Funds Energy Innovation Hubs Community Colleges Reform for growth Taxes and Subsidies Governance Reform Multi-Municipal Collaboration Align with metro strategies Metropolitan Business Plans Metropolitan Export Plans Regional Innovation Clusters 49

50 Metro Areas Must Lead TRANSFORM ATION NORTHEAS T OHIO ATION INNOV MEETS ON TRATI S N O M DE PUGET SOUND Metro Business Plans First Round ACCELERATION MINNEAPOLIS- SAINT PAUL Metro Export Plans First Round 50

51 Metro Areas Must Lead Metro Business Plans From NEI to MEI First Round Metro Export Plans First Round 51

52 Determine Rationale Develop Vision Specify Metrics Key Coordinate Annual Players regional new in growth an and MEI existing in exports federal, state and local and Goals EXPORT of Success export service providers/programs through a Chamber Annual To secure regional or and Metropolitan increase growth in quality export Trade jobs jobs Associations driven by export seamless, growth regional export network Banks Annual and regional advisory growth PLAN firms in the number of firms that Focus on export ready firms Detail Specify Federal export To double Export exports Assistance over the Center next five in the years metro area Operation Strategies Focus State Growth To foster Export proactive in a number more Promotion marketing globally-fluent, of new Program markets efforts export companies on 12 select Implications oriented enter industry targets Port/airport business culture, authorities particularly Create among SMEs Growth in number of firms in the supply chain that Focus Universities benefit on from Pacific increased Rim Products exports and Services 52

53 DELIVERING THE NEXT ECONOMY The Central Role of Exports Metropolitan Policy Program at BROOKINGS NEI ExportNOW Conference, Wichita KS / June 2,

NEW ORLEANS AS THE MODEL CITY FOR THE 21st CENTURY: New Concepts of Urban Innovation. Metropolitan Policy Program

NEW ORLEANS AS THE MODEL CITY FOR THE 21st CENTURY: New Concepts of Urban Innovation. Metropolitan Policy Program NEW ORLEANS AS THE MODEL CITY FOR THE 21st CENTURY: New Concepts of Urban Innovation Metropolitan Policy Program at BROOKINGS New Orleans, LA / October 1, 2010 1 1 2 3 A model city for the 21st century

More information

Maximizing State Economic Growth

Maximizing State Economic Growth U.S. Department of Commerce Minority Business Development Agency Maximizing State Economic Growth National Conference of State Legislatures Legislative Summit - San Antonio, Texas August 11, 2011 Bridget

More information

Investment in ICT and Broadband for Economic Recovery and Long-Term Growth

Investment in ICT and Broadband for Economic Recovery and Long-Term Growth 2009/TEL40/DSG-LSG/WKSP/005 Investment in ICT and Broadband for Economic Recovery and Long-Term Growth Submitted by: ITIF Workshop on Enabling ICT Infrastructure Investment for Growth and Recovery Cancun,

More information

Reclaiming Prosperity in Boise Designing a Sustainable Future in the New West. Planning in the West Conference Boise, ID Mark Muro June 4, 2010

Reclaiming Prosperity in Boise Designing a Sustainable Future in the New West. Planning in the West Conference Boise, ID Mark Muro June 4, 2010 Reclaiming Prosperity in Boise Designing a Sustainable Future in the New West Planning in the West Conference Boise, ID Mark Muro June 4, 2010 A time of reckoning Challenges and emerging opportunities

More information

Taiwan and Los Angeles County: Growing Together

Taiwan and Los Angeles County: Growing Together Taiwan and Los Angeles County: Growing Together LAEDC/WTC-LA International Trade Outlook June 3, 2015 Ferdinando Nando Guerra International Economist and LAEDC Consultant Taiwan & Los Angeles County Overview

More information

Prosperity and Growth Strategy for Northern Ontario

Prosperity and Growth Strategy for Northern Ontario Technology Companies Communities Prosperity and Growth Strategy for Northern Ontario A plan for economic development, inclusiveness and success April 9, 2018 Prosperity and Growth Strategy for Northern

More information

Smart Specialisation in the Region of Attica

Smart Specialisation in the Region of Attica Logo area Smart Specialisation in the Region of Attica Intermediate Authority of Attica Region WIRE2014 / 12-06-2014 The producer of 45% of the National GDP ATTICA IS A METROPOLITAN AREA Geopolitically

More information

Manufacturing, exports and jobs for California and America Policies for economic growth and competitiveness

Manufacturing, exports and jobs for California and America Policies for economic growth and competitiveness Manufacturing, exports and jobs for California and America Policies for economic growth and competitiveness Ross DeVol Executive Director, Economic Research (310) 570 4615 rdevol@milkeninstitute.org www.milkeninstitute.org

More information

Brampton: Poised for Greatness

Brampton: Poised for Greatness Brampton: Poised for Greatness 2016 Federal Pre-budget Submission The Brampton Board of Trade 36 Queen Street E. Suite #101 Brampton, ON L6V 1A2 905-451-1122 www.bramptonbot.com ABOUT THE BRAMPTON BOARD

More information

The Search for Skills

The Search for Skills The Search for Skills The Demand for H-1B Workers in U.S. Metros Metropolitan Policy Program at BROOKINGS Washington, DC / July 18, 2012 The Search for Skills: Demand for H-1B Immigrant Workers in U.S.

More information

UNIDO and the strategies to invest in Myanmar

UNIDO and the strategies to invest in Myanmar UNIDO and the strategies to invest in Myanmar Gerardo Patacconi Director of the Agro-Business Development Department, UNIDO Vienna Michele Boario Chief Technical Advisor, UNIDO MSME development in Myanmar

More information

New Growth Strategy (Basic Policies)

New Growth Strategy (Basic Policies) New Growth Strategy (Basic Policies) Toward a Radiant Japan December 2009 Failures Declaration of Leadership for New Demand Creation A Once-in-a-Century Opportunity Past growth strategies New Growth Strategy?

More information

Why do metro areas matter to economic recovery and prosperity? What is ARRA, and how well does it empower cities and metro areas?

Why do metro areas matter to economic recovery and prosperity? What is ARRA, and how well does it empower cities and metro areas? ARRA and Metropolitan Policy: A Preliminary Assessment Alan Berube Senior Fellow & Research Director Minneapolis, MN May 13, 2009 Overview I Why do metro areas matter to economic recovery and prosperity?

More information

Chapter One Major Trends Affecting Canadian Business

Chapter One Major Trends Affecting Canadian Business Chapter One Major Trends Affecting Canadian Business Copyright 2000 McGraw-Hill Ryerson Limited 1 Two Main Trends! 1. The Technological Revolution! 2. The Globalization of the World s Economy Copyright

More information

International Migration and Economic Development of Global Metropolitan Areas. Neil G. Ruiz, Brookings Mountain West-UNLV, February 5, 2014

International Migration and Economic Development of Global Metropolitan Areas. Neil G. Ruiz, Brookings Mountain West-UNLV, February 5, 2014 International Migration and Economic Development of Global Metropolitan Areas Neil G. Ruiz, Brookings Mountain West-UNLV, February 5, 2014 A skilled workforce provides the foundation for metropolitan areas

More information

GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO

GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO 1 2 THE GREATER PHOENIX ECONOMIC COUNCIL GREATER PHOENIX About the Greater Phoenix Economic Council (GPEC) 3 Our mission is to attract quality

More information

International Trade Division Overview North Carolina Department of Commerce

International Trade Division Overview North Carolina Department of Commerce International Trade Division Overview North Carolina Department of Commerce The Importance Of NC Exports A total of 8,055 companies exported from North Carolina locations in 2011 Exports support 347,000

More information

THE WHITE HOUSE. The State of the Union: President Obama s Plan to Win the Future

THE WHITE HOUSE. The State of the Union: President Obama s Plan to Win the Future THE WHITE HOUSE The State of the Union: President Obama s Plan to Win the Future In his State of the Union, President Obama spoke of the need to maintain America s leadership in a rapidly changing world

More information

US SERVICES TRADE AND OFF-SHORING

US SERVICES TRADE AND OFF-SHORING US SERVICES TRADE AND OFF-SHORING Martin Neil Baily With the Assistance of Matt Johnson The Brookings Institution Presentation at Princeton s CEPS Symposium on Off-Shoring November 16-17, 2007 The Broader

More information

Economic Trends and Florida s Competitive Position

Economic Trends and Florida s Competitive Position Economic Trends and Florida s Competitive Position presented to Florida Department of Economic Opportunity Small Business Forum presented by John Kaliski Cambridge Systematics, Inc. March 22, 2012 Presentation

More information

Business Plan Operating Year Update

Business Plan Operating Year Update Business Plan 2018 2019 Operating Year Update 2 Scottish Enterprise 2018 2019 Business Plan Introduction Scotland has the ambition to rank among the top quartile of OECD countries for productivity, equality

More information

Exporting Report. Central Wisconsin Economic Research Bureau. Centergy Region 2014

Exporting Report. Central Wisconsin Economic Research Bureau. Centergy Region 2014 Exporting Report Centergy Region 2014 Randy Cray, Ph.D., Chief Economist Scott Wallace, Ph.D., Research Associate Central Wisconsin Economic Research Bureau Export Survey Report [jed].indd 1 Export Survey

More information

Can Africa, India and the Middle East (AIM) transform the world s economic outlook?

Can Africa, India and the Middle East (AIM) transform the world s economic outlook? Can Africa, India and the Middle East (AIM) transform the world s economic outlook? The better the question. The better the answer. The better the world works. AIM Africa India Middle East Borderless advisory

More information

Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government

Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government March 22, 2017 Today the Government tabled the 2017/2018

More information

Demographics, Skills Gaps, and Market Dynamics

Demographics, Skills Gaps, and Market Dynamics Conference Papers Upjohn Research home page 2013 Demographics, Skills Gaps, and Market Dynamics Randall W. Eberts W.E. Upjohn Institute, eberts@upjohn.org Citation Eberts, Randall W. 2013. " Demographics,

More information

Inventory: Vision and Goal Statements in Existing Statewide Plans 1 Developing Florida s Strategic 5-Year Direction, 29 November 2011

Inventory: Vision and Goal Statements in Existing Statewide Plans 1 Developing Florida s Strategic 5-Year Direction, 29 November 2011 Inventory: and Goal Statements in Existing Statewide Plans 1 Developing Florida s Strategic 5-Year Direction, 29 November 2011 Florida Department of Economic Opportunity: State of Florida Job Creation

More information

Digital Economy.How Are Developing Countries Performing? The Case of Egypt

Digital Economy.How Are Developing Countries Performing? The Case of Egypt Digital Economy.How Are Developing Countries Performing? The Case of Egypt by Nagwa ElShenawi (PhD) MCIT, Egypt Produced for DIODE Network, 217 Introduction According to the OECD some of the most important

More information

A Competitiveness Policy for the Medical Technology Industry: Six Policy Proposals to Sustain American Leadership

A Competitiveness Policy for the Medical Technology Industry: Six Policy Proposals to Sustain American Leadership A Competitiveness Policy for the Medical Technology Industry: Six Policy Proposals to Sustain American Leadership 1. Innovation in the life sciences must be a government priority. Since the ability of

More information

Broadband Internet Affordability

Broadband Internet Affordability Broadband Internet Affordability 1. Does it matter at the first place? 2. Why broadband access should be universal and affordable, and why connecting more people with the information, education, and health

More information

NORTH CAROLINA ECONOMIC DEVELOPMENT BOARD 2011 ANNUAL REPORT ON ECONOMIC DEVELOPMENT FOR THE STATE OF NORTH CAROLINA

NORTH CAROLINA ECONOMIC DEVELOPMENT BOARD 2011 ANNUAL REPORT ON ECONOMIC DEVELOPMENT FOR THE STATE OF NORTH CAROLINA NORTH CAROLINA ECONOMIC DEVELOPMENT BOARD 011 ANNUAL REPORT ON ECONOMIC DEVELOPMENT FOR THE STATE OF NORTH CAROLINA The North Carolina Economic Development Board oversees state economic development research

More information

Economic Trends and Florida s Competitive Position

Economic Trends and Florida s Competitive Position Economic Trends and Florida s Competitive Position presented to Florida Department of Economic Opportunity Strategic Plan Regional Stakeholder Forum presented by John Kaliski Cambridge Systematics, Inc.

More information

NOVA SCOTIA BUSINESS INC. Business Plan

NOVA SCOTIA BUSINESS INC. Business Plan NOVA SCOTIA BUSINESS INC. Business Plan 2018-2019 MESSAGE FROM THE BOARD CHAIR AND THE CEO Nova Scotia Business Inc. (NSBI), a private sector-led Crown Corporation, is a lead business development agency

More information

Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case. Lorenza Martinez April, 2012

Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case. Lorenza Martinez April, 2012 Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case Lorenza Martinez April, 2012 1 Mexican economic development strategy based on fostering productivity 1 The projections

More information

Address by Minister for Jobs Enterprise and Innovation, Richard Bruton TD Launch of the Grand Coalition for Digital Jobs Brussels 4th March, 2013

Address by Minister for Jobs Enterprise and Innovation, Richard Bruton TD Launch of the Grand Coalition for Digital Jobs Brussels 4th March, 2013 Address by Minister for Jobs Enterprise and Innovation, Richard Bruton TD Launch of the Grand Coalition for Digital Jobs Brussels 4th March, 2013 CHECK AGAINST DELIVERY Introduction Commissioner, ladies

More information

Reclaiming Prosperity in Boise: Designing a Sustainable Future in the New West

Reclaiming Prosperity in Boise: Designing a Sustainable Future in the New West Lectures/Events (BMW) Brookings Mountain West 6-4-2010 Reclaiming Prosperity in Boise: Designing a Sustainable Future in the New West Mark Muro Brookings Institution, mmuro@brookings.edu Follow this and

More information

Cardinal Bank & George Mason University

Cardinal Bank & George Mason University Cardinal Bank & George Mason University 2th Annual Economic Conference Friday, January 13, 212 cra.gmu.edu Cardinal Bank/George Mason University 2 th Annual Economic Conference Is This a Recovery or What?

More information

Integra. International Corporate Capabilities th Street NW, Suite 555W, Washington, DC, Tel (202)

Integra. International Corporate Capabilities th Street NW, Suite 555W, Washington, DC, Tel (202) Integra International Corporate Capabilities 1030 15th Street NW, Suite 555W, Washington, DC, 20005 Tel (202) 898-4110 www.integrallc.com Integra is an international development firm with a fresh and modern

More information

Chapter One. Globalization. Globalization of Markets. Globalization of Markets. What is Globalization? Opening Case: The Globalization of Health Care

Chapter One. Globalization. Globalization of Markets. Globalization of Markets. What is Globalization? Opening Case: The Globalization of Health Care Chapter One Opening Case: The Globalization of Health Care 1-2 Globalization There is a shortage of radiologists in the United States and demand for their services is growing twice as fast as the rate

More information

How Colorado's Economy Benefits from International Trade & Investment

How Colorado's Economy Benefits from International Trade & Investment How Colorado's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future

More information

Questions and Answers Florida Department of Economic Opportunity Employment and Unemployment Data Release July 2018 (Released August 17, 2018)

Questions and Answers Florida Department of Economic Opportunity Employment and Unemployment Data Release July 2018 (Released August 17, 2018) Questions and Answers Florida Department of Economic Opportunity Employment and Unemployment Data Release July 2018 (Released August 17, 2018) 1. What are the current Florida labor statistics and what

More information

Digital Economy and Society Index (DESI) Country Report Greece

Digital Economy and Society Index (DESI) Country Report Greece Digital Economy and Society Index (DESI) 1 2018 Country Report The DESI report tracks the progress made by Member States in terms of their digitisation. It is structured around five chapters: 1 Connectivity

More information

LEVERAGING TRADE AND INVESTMENT TO BUILD A STRONGER ECONOMY

LEVERAGING TRADE AND INVESTMENT TO BUILD A STRONGER ECONOMY LEVERAGING TRADE AND INVESTMENT TO BUILD A STRONGER ECONOMY New Mexico must establish itself as a player in the global economy. The current administration s short-sighted approach has put New Mexico far

More information

Business Plan Lancashire: The Place for Growth.

Business Plan Lancashire: The Place for Growth. Business Plan 2017-2020 Lancashire: The Place for Growth www.lancashirelep.co.uk Introduction This document begins to set out the priorities for the LEP s programme of work over the next three years. It

More information

New South Wales: state economy and State Budget,

New South Wales: state economy and State Budget, New South Wales: state economy and State Budget, 2017-18 Government measures for business and industry The 2017-18 NSW Budget was handed down by the NSW Treasurer, Dominic Perrottet on Tuesday 20 June

More information

Innovation and entrepreneurship: The new drift in federal policy

Innovation and entrepreneurship: The new drift in federal policy Lectures/Events (BMW) Brookings Mountain West 4-19-2010 Innovation and entrepreneurship: The new drift in federal policy Mark Muro Brookings Institution, mmuro@brookings.edu Follow this and additional

More information

CZECH ECONOMY 2015 CZECH ECONOMY. Ing. Martin Hronza Director of the Department of Economic Analyses

CZECH ECONOMY 2015 CZECH ECONOMY. Ing. Martin Hronza Director of the Department of Economic Analyses 2015 Overview of the Czech Economy GDP Labour Market Inflation Balance of Payments FDI Industry Foreign Trade Main Characteristics of the Czech Economy Small, open economy, considerably dependent on foreign

More information

Common Fallacies about Globalization and International Business. Ram Mudambi, Temple University Ajai Gaur, Rutgers University

Common Fallacies about Globalization and International Business. Ram Mudambi, Temple University Ajai Gaur, Rutgers University Common Fallacies about Globalization and International Business Ram Mudambi, Temple University Ajai Gaur, Rutgers University The 2016 US presidential election debates are unusually focused on trade and

More information

Pre-Budget Submission. Canadian Chamber of Commerce

Pre-Budget Submission. Canadian Chamber of Commerce Pre-Budget Submission Canadian Chamber of Commerce Productivity is critical to the performance of Canada s economy, and to our prosperity, because increasing output per worker enables us to raise real

More information

May 25, Prosperity and Growth Strategy for Northern Ontario

May 25, Prosperity and Growth Strategy for Northern Ontario May 25, 2017 Prosperity and Growth Strategy for Northern Ontario Content 1. Introduction....3 2. Northern Ontario Overview.... 4 3. Economic Overview..... 5 4. Challenges.....7 5. Opportunities for Growth

More information

Guidelines for the development of new services and applications in the era of the digital economy. Antonio Garcia Zaballos

Guidelines for the development of new services and applications in the era of the digital economy. Antonio Garcia Zaballos Guidelines for the development of new services and applications in the era of the digital economy Antonio Garcia Zaballos (antoniogar@iadb.org) There is a new paradigm affecting society, the economy and

More information

Economic Growth and Diversification Plan

Economic Growth and Diversification Plan Economic Growth and Diversification Plan September 6, 2017 Prepared for: GO Northern Virginia Regional Council (Region 7) Prepared by: The George Mason University Center for Regional Analysis Contents

More information

2014 was yet another great year!

2014 was yet another great year! 215 216 Forecast for Ottawa County 214 was yet another great year! George A. Erickcek Brian Pittelko W.E. Upjohn Institute for Employment Research February 3, 215 1 Outline The national economy is speeding

More information

Building the Next Metropolitan Centre. The City of Surrey Economic Strategy Overview

Building the Next Metropolitan Centre. The City of Surrey Economic Strategy Overview Building the Next Metropolitan Centre The City of Surrey Economic Strategy Overview 2017-2027 City of Surrey Economic Overview PROGRESSIVE ECONOMIC POLICIES AND GROWTH 2nd lowest municipal tax for business

More information

Saowaruj Rattanakhamfu Education Fellowships and Awards Research Experience Teaching Experience

Saowaruj Rattanakhamfu Education Fellowships and Awards Research Experience Teaching Experience Saowaruj Rattanakhamfu Thailand Development Research Institute Foundation 565 Soi Ramkhamhaeng 39, Ramkhamhaeng Road, Wangthonglang, Bangkok 10310 Telephone: 02-718-5460 ext. 503, Fax: 02-718-5461-2 E-mail:

More information

FOREIGN DIRECT INVESTMENT IN CATALONIA AND BARCELONA

FOREIGN DIRECT INVESTMENT IN CATALONIA AND BARCELONA FOREIGN DIRECT INVESTMENT IN CATALONIA AND BARCELONA Executive Summary and Conclusions. February - April 2017 2 Executive summary Executive Summary 1.1 Methodology and Objectives The objectives of this

More information

EXAMINING THE LOCAL VALUE OF ECONOMIC DEVELOPMENT INCENTIVES

EXAMINING THE LOCAL VALUE OF ECONOMIC DEVELOPMENT INCENTIVES EXECUTIVE SUMMARY EXAMINING THE LOCAL VALUE OF ECONOMIC DEVELOPMENT INCENTIVES Evidence from four U.S. cities JOSEPH PARILLA SIFAN LIU March 2018 EXAMINING THE LOCAL VALUE OF ECONOMIC DEVELOPMENT INCENTIVES

More information

Synchonizing U.S. States' Strategic Plans to Increase Exports To Emerging Markets

Synchonizing U.S. States' Strategic Plans to Increase Exports To Emerging Markets Dominican University of California Dominican Scholar Collected Faculty and Staff Scholarship Faculty and Staff Scholarship Spring 2016 Synchonizing U.S. States' Strategic Plans to Increase Exports To Emerging

More information

Annual Job Growth Projected to Approach 60,000 by 2017

Annual Job Growth Projected to Approach 60,000 by 2017 For Immediate Release May 1, 2015 Annual Job Growth Projected to Approach 60,000 by 2017 Carson City, NV Nevada s employment outlook continues to show positive signs for the state s mending economy, according

More information

CLUSTERING STRATEGY IN SME DEVELOPMENT : An Integral Development Supports

CLUSTERING STRATEGY IN SME DEVELOPMENT : An Integral Development Supports CLUSTERING STRATEGY IN SME DEVELOPMENT : An Integral Development Supports By: Noer Soetrisno Presented at : 2004 APEC INFORMATIZATION POLICY FORUM FOR SMALL AND MEDIUM ENTERPRISES July, 15-16, 2004 SMEs

More information

The Economic Impact of Telecommunications in Senegal

The Economic Impact of Telecommunications in Senegal The Economic Impact of Telecommunications in Senegal Dr. Raúl L. Katz Adjunct Professor, Division of Finance and Economics Director, Business Strategy Research Columbia Institute of Tele-information Paris,

More information

Global Supply Chains and Outsourcing

Global Supply Chains and Outsourcing Global Supply Chains and Outsourcing AED/IS 4540 International Commerce and the World Economy Professor Sheldon sheldon.1@osu.edu What are Global Supply Chains? 80 percent of trade now occurs within global

More information

The role of national development banks un fostering SME access to finance

The role of national development banks un fostering SME access to finance The role of national development banks un fostering SME access to finance Hernando Castro. Bancoldex. Colombia Septembre de 2017 Bancoldex s Ownership Structure Generalities Incorporated as a mixed stock

More information

Economic Trends, Outlook and Key Innovation and Entrepreneurship Indicators

Economic Trends, Outlook and Key Innovation and Entrepreneurship Indicators Economic Trends, Outlook and Key Innovation and Entrepreneurship Indicators Massachusetts and Northeast US Presented to Massachusetts Economic Development Council Northeastern Economic Developers Association

More information

Employment Outlook: Kristina Bartsch James Franklin Council of Graduate Schools Graduate Education Research and Policy Forum March 21, 2012

Employment Outlook: Kristina Bartsch James Franklin Council of Graduate Schools Graduate Education Research and Policy Forum March 21, 2012 Employment Outlook: 2010-20 Kristina Bartsch James Franklin Council of Graduate Schools Graduate Education Research and Policy Forum March 21, 2012 Overview Background information Population and labor

More information

A history of Innovation & Entrepreneurship

A history of Innovation & Entrepreneurship Century Agenda A history of Innovation & Entrepreneurship Port of Seattle has generated jobs and economic activity for more than 100 years. As we turned from the past, and looked to the next Century, the

More information

ICC policy recommendations on global IT sourcing Prepared by the Commission on E-Business, IT and Telecoms

ICC policy recommendations on global IT sourcing Prepared by the Commission on E-Business, IT and Telecoms International Chamber of Commerce The world business organization Policy statement ICC policy recommendations on global IT sourcing Prepared by the Commission on E-Business, IT and Telecoms Background

More information

Asian Financial Forum

Asian Financial Forum Asian Financial Forum Infrastructure Investment Session Robert Heffner Deputy Director Hungarian Investment Promotion Agency January 17, 2016 Why invest? Location - Excellent access to key markets At the

More information

Working Regions: Rethinking Regional Manufacturing. Policy

Working Regions: Rethinking Regional Manufacturing. Policy Working Regions: Rethinking Regional Manufacturing Regional Studies Association North American Conference June 16, 2016 Atlanta, GA Policy Regional Collaboration for Effective Economic Development Manufacturing

More information

Chapter The Importance of ICT in Development The Global IT Sector

Chapter The Importance of ICT in Development The Global IT Sector Chapter 2 IT Sector: Alternate Development Models 2.1. The Importance of ICT in Development The contribution of the Information and Communication Technology (ICT) sector to socioeconomic development is

More information

EXECUTIVE SUMMARY. Global value chains and globalisation. International sourcing

EXECUTIVE SUMMARY. Global value chains and globalisation. International sourcing EXECUTIVE SUMMARY 7 EXECUTIVE SUMMARY Global value chains and globalisation The pace and scale of today s globalisation is without precedent and is associated with the rapid emergence of global value chains

More information

Department Edmonton Economic Development Corp.

Department Edmonton Economic Development Corp. Department Edmonton Economic Development Corp. Introduction Edmonton Economic Development Corporation (EEDC) was established in 1993 by the City of Edmonton as an independent, not-for-profit corporate

More information

LUXINNOVATION. Your trusted partner for business

LUXINNOVATION. Your trusted partner for business LUXINNOVATION Your trusted partner for business Our mission Contribute to Luxembourg s economic development by: Fostering innovation Fuelling international growth Attracting foreign direct investment 2

More information

This document was prepared for Blandin Foundation by Strategic Networks Group, Inc. (SNG).

This document was prepared for Blandin Foundation by Strategic Networks Group, Inc. (SNG). Table of Contents INTRODUCTION... 2 BACKGROUND... 3 CONTEXT FOR INVESTING IN BROADBAND... 3 PURPOSE AND SCOPE OF WHITE PAPER... 4 ECONOMIC IMPACT ANALYSIS... 6 BROADBAND IMPACT ANALYSIS MODELING SCENARIO...

More information

Crossing the Valley of Death

Crossing the Valley of Death Crossing the Valley of Death The Small Business Innovation Research Program Technology Caucus Washington, DC December 3, 2013 Charles W. Wessner, Ph.D. Director, Technology, Innovation, and Entrepreneurship

More information

Transformation through Tourism: Harnessing Tourism for Growth and Improved Livelihoods

Transformation through Tourism: Harnessing Tourism for Growth and Improved Livelihoods Transformation through Tourism: Harnessing Tourism for Growth and Improved Livelihoods Africa has experienced unprecedented economic growth over the last five years. Africa is on the Move Africa is poised

More information

PRIORITY 1: Access to the best talent and skills

PRIORITY 1: Access to the best talent and skills UK architecture is a global success story worth over 4 billion a year. Architects from around the world come here to study, work and develop new skills and contacts, helping British firms design ground-breaking

More information

Hong Kong Quality Assurance Agency Symposium May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology

Hong Kong Quality Assurance Agency Symposium May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology Hong Kong Quality Assurance Agency Symposium 2018 17 May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology Dr David Chung Under Secretary for Innovation & Technology

More information

INNOVATION & ECONOMIC GROWTH: RATIONALES FOR A NATIONAL INNOVATION STRATEGY

INNOVATION & ECONOMIC GROWTH: RATIONALES FOR A NATIONAL INNOVATION STRATEGY October 17, 2013 INNOVATION & ECONOMIC GROWTH: RATIONALES FOR A NATIONAL INNOVATION STRATEGY TECNOMANAGEMENT 2013 Rob Atkinson, President, ITIF Today s Presentation 1 What is Innovation? 2 Why is Innovation

More information

The President s Fiscal Year 2014 Budget Overview

The President s Fiscal Year 2014 Budget Overview The President s Fiscal Year 2014 Budget Overview The President s Fiscal Year 2014 Budget demonstrates that we can make critical investments to strengthen the middle class, create jobs, and grow the economy

More information

Role of ICT. in imparting the Youth with Skills, Training and Employment Opportunities to accomplish Human Development Challenges. William Tapio, UPNG

Role of ICT. in imparting the Youth with Skills, Training and Employment Opportunities to accomplish Human Development Challenges. William Tapio, UPNG Role of ICT in imparting the Youth with Skills, Training and Employment Opportunities to accomplish Human Development Challenges Venu Madhav Sunkara, UPNG William Tapio, UPNG Prof. Pulapa Subba Rao, UPNG

More information

Chapter 9: Labor Section 1

Chapter 9: Labor Section 1 Chapter 9: Labor Section 1 Objectives 1. Describe how trends in the labor force are tracked. 2. Analyze past and present occupational trends. 3. Summarize how the U.S. labor force is changing. 4. Explain

More information

Larry DeBoer Purdue University September Real GDP Growth. Real Consumption Spending Growth

Larry DeBoer Purdue University September Real GDP Growth. Real Consumption Spending Growth Larry DeBoer Purdue University September 2011 Real GDP Growth Real Consumption Spending Growth 1 Index of Consumer Sentiment 57.8 Sept 11 Savings Rate (percent of disposable income) Real Investment Spending

More information

Chicago Scholarship Online Abstract and Keywords. U.S. Engineering in the Global Economy Richard B. Freeman and Hal Salzman

Chicago Scholarship Online Abstract and Keywords. U.S. Engineering in the Global Economy Richard B. Freeman and Hal Salzman Chicago Scholarship Online Abstract and Keywords Print ISBN 978-0-226- eisbn 978-0-226- Title U.S. Engineering in the Global Economy Editors Richard B. Freeman and Hal Salzman Book abstract 5 10 sentences,

More information

Global Value Chains: Impacts and Implications. Aaron Sydor Office of the Chief Economist Foreign Affairs and International Trade Canada

Global Value Chains: Impacts and Implications. Aaron Sydor Office of the Chief Economist Foreign Affairs and International Trade Canada Global Value Chains: Impacts and Implications Aaron Sydor Office of the Chief Economist Foreign Affairs and International Trade Canada Overview What is a global value chain (GVC)? How GVCs fit into economic

More information

Thailand as a Gateway to ASEAN

Thailand as a Gateway to ASEAN Thailand as a Gateway to ASEAN Dr. Ratchanee Wattanawisitporn Consul (Investment) / Director Thailand Board of Investment September 12, 2017, Graz 1 Thailand at a Glance 2 Thailand s Economic Overview

More information

International Business an overview

International Business an overview International Business an overview International business is all commercial transactions private (for profit) and governmental (for profit or political reasons) - between two or more countries 1 Example

More information

Yangpu waterfront: From rustbelt to brainbelt

Yangpu waterfront: From rustbelt to brainbelt Photo credit: Fu Siyan Yangpu waterfront: From rustbelt to brainbelt Plans are afoot to transform this Shanghai district into a worldclass innovation hub. Here s how leaders hope to overcome challenges

More information

SOURCE: SITE SELECTION, NOVEMBER 2015 #1 STATE FOR INCENTIVE PROGRAMS (TIED WITH SOUTH CAROLINA).

SOURCE: SITE SELECTION, NOVEMBER 2015 #1 STATE FOR INCENTIVE PROGRAMS (TIED WITH SOUTH CAROLINA). BUSINESS STATE FOR DOING BUSINESS. STATE FOR BUSINESS CLIMATE. STATE FOR INCENTIVE PROGRAMS (TIED WITH SOUTH CAROLINA). COOPERATIVE STATE GOVERNMENT (TIED WITH SOUTH CAROLINA). STATE FOR FAVORABLE REGULATORY

More information

WEDC HELPING TO MOVE WISCONSIN FORWARD. Reed E. Hall Secretary/CEO

WEDC HELPING TO MOVE WISCONSIN FORWARD. Reed E. Hall Secretary/CEO WEDC HELPING TO MOVE WISCONSIN FORWARD Reed E. Hall Secretary/CEO WEDC S AREAS OF EMPHASIS Encourage startups and investment capital Nourish existing Wisconsin companies Recruit existing businesses from

More information

CENGN Summit December 7, 2017 Strategic Program Development and Delivery Office

CENGN Summit December 7, 2017 Strategic Program Development and Delivery Office Ministry of Research, Innovation and Science / Ministry of Economic Development and Growth CENGN Summit December 7, 2017 Strategic Program Development and Delivery Office The Digital Economy is growing

More information

2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM

2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM 2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM Building the capacity of MSMEs through technology and innovation 2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM I 1 2017 SURVEY OF ENTREPRENEURS AND

More information

INVEST. TRADE. PROSPER.

INVEST. TRADE. PROSPER. INVEST. TRADE. PROSPER. Financial Incentives that Keep on Giving: The Case for Vancouver Calgary Saskatoon Winnipeg Waterloo Region London Québec City Montréal Ottawa Toronto Halifax Financial Incentives

More information

Ireland Future R&D Investment in a Small Open Economy Opportunities and Threats. Third KEI Workshop Helsinki

Ireland Future R&D Investment in a Small Open Economy Opportunities and Threats. Third KEI Workshop Helsinki Ireland Future R&D Investment in a Small Open Economy Opportunities and Threats Third KEI Workshop Helsinki Presentation Outline: Celtic Tiger Phenomenon R&D and globalisation Case for change Opportunities

More information

Chapter 9: Economic Development

Chapter 9: Economic Development Chapter 9: Economic Development 9.0 Accomplishments Since 2007 As the economic driver for the State, New Castle County continues to review development regulations and offer additional incentives and enhancements

More information

Overview Cluster Development Seed Fund Objectives Eligible Activities Eligible Applicants Eligible Costs Evaluation of Applications Reporting

Overview Cluster Development Seed Fund Objectives Eligible Activities Eligible Applicants Eligible Costs Evaluation of Applications Reporting APPLICATION GUIDE CONTENTS Overview... 3 Cluster Development Seed Fund Objectives... 4 Eligible Activities... 4 Eligible Applicants... 5 Eligible Costs... 6 Evaluation of Applications... 8 Reporting...

More information

Introducing sustainability to the Myanmar garment sector to increase the competitiveness of SMEs

Introducing sustainability to the Myanmar garment sector to increase the competitiveness of SMEs IMPACT SHEET SWITCH-ASIA PROJECT SMART MYANMAR SMES FOR ENVIRONMENTAL ACCOUNTABILITY, RESPONSIBILITY AND TRANSPARENCY Introducing sustainability to the Myanmar garment sector to increase the competitiveness

More information

Embracing Tomorrow Azerbaijan 3 December 2012 Jan Sturesson Global Leader Government & Public Services PwC

Embracing Tomorrow Azerbaijan 3 December 2012 Jan Sturesson Global Leader Government & Public Services PwC www.pwc.com/az Azerbaijan Jan Sturesson Global Leader Government & Public Services Agenda 1. Where do we stand now? - Competitiveness & Development 2.What lies ahead? - Implementing visions and strategies

More information

Go Global. Global Cities Initiative A Joint Project of Brookings and JPMorgan Chase

Go Global. Global Cities Initiative A Joint Project of Brookings and JPMorgan Chase Go Global S a n D i e g o s G l o b a l T r a d e a n d I n v e s t m e n t I n i t i a t i v e Global Cities Initiative A Joint Project of Brookings and JPMorgan Chase I n t r o d u c t i o n T h e S

More information

Chapter One. Globalization

Chapter One. Globalization Chapter One Globalization Opening Case: The Globalization of Health Care 1-3 There is a shortage of radiologists in the United States and demand for their services is growing twice as fast as the rate

More information

10 th Anniversary African Union Private Sector Forum. Draft Concept Note

10 th Anniversary African Union Private Sector Forum. Draft Concept Note 10 th Anniversary African Union Private Sector Forum Draft Concept Note 10 th African Union Private Sector Forum 9-11May 2018 Cairo, Egypt Theme: Made in Africa towards realizing Africa's economic Transformation

More information