USA (AC)

• USA basic facts

  out of its 325 million population, 158 million make up its labour force, 662 billion in services, 5.26 trillion in FDI, out of 500 top companies 128 have HQs in USA
• USA and China

  2nd biggest bilateral relationship, the USA has 54 billion FDI in China (in finance and banking), and a trade deficit in merchandise, a surplus in services
• USA and Canada

  biggest bilateral relationship, trading 1.4 million in goods and services every minute (like power and oil), majority of Canada's FDI goes to USA and their trade partnership creates 9 million jobs
• The Office of the USA Trade Representative = increases power and stability of USA trade by negotiating agreements. (currently negotiating the trans-atlantic trade partnership with the EU)
• what are USAs economic success factors

  lots of FDI, investment into infrastructure & technologies & communication, takes advantage of economies of scale (by increasing production in agriculture and services), investment in transport
• what are USAs environment success factors

  wide range of climates, abundance of natural resources, natural harbours along coastline
• what are USAs social success factors

  highly skilled and multi-cultural workforce
• what are USAs political success factors

  stable government, agreements with China and Canada, member of WTO and NAFTA (increase trade liberalisation)
• what challenges does the USA face

  mexico trade disputes due to price dumping of sugar, can't compete with china, san pedro bay (increased particulates causing over 3,400 premature deaths a year but creating 1.4 million jobs for california)
• what opportunities does USA have

  multiplier effect with increased investment, 9 million jobs due to trade with Canada, can encourage LIDCs to join supply chains, relationships go beyond economic