Transcript Positives of the US economy

Future of the US
Economy
1. Positives and negatives
2. Major trends in the US economy
3. Inequality in the USA
4. US colleges
5. Ascription vs. Achievement
6. TTIP
7. End 
Positives of the US economy
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Resilience, flexibility and entrepreneurship
Good business-friendly environment
Energy and other resources
Strong innovation potential
Attractive for top-class labor force
Globalized economy
Economic issues in the US
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Unemployment
Jobs lost to outsourcing and not replaced
Downfall of traditional industries (cars,…)
Government deficits
Negative balance of trade
Rising power of lobby groups
Major trends
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Oil producer No. 1 by 2020
Energy self-sufficient by 2030
US to become world’s No. 2 in 2017
More part-time workers
Delays in retirement age
Development of high-tech
Changes in US demographics
Growing gap in incomes
Inequality in the USA
US Colleges
Ascription vs. achievement
TTIP
• 30% of Global Trade
• 50% of Global GDP
• Balancing China
• 2 years of preparations
• Expected conclusion 2014/2015
• EU €120 mld. (0.5% GDP)
• USA €95 mld. (0.4% GDP)
• Increase in income 545 EUR/year/family
TTIP
Tariffs:
• 5,2% of EU imports
• 3,5% of US imports
• Exceptions: textile, apparel, shoe wear –
40%, 32%, 56%
Regulation:
• Automotive – same products, differing standards
• Pharma – double production checks
• Chemical – considerable differences in legislation
TTIP
EU export increases:
• Vehicles: +41%
• Metals: +12%
• Chemicals: +9%
• Food: +9%
Thank you
for your
attention
