Competitiveness: Where America Stands. GIES 2008 Tokyo March Chad Evans Vice President - Strategic Initiatives Council on Competitiveness

Transcription

1 Competitiveness: GIES 2008 Tokyo March 2008 Chad Evans Vice President - Strategic Initiatives Council on Competitiveness

2 Competitiveness: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

3 Competitiveness: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

4 The United States Has the World s Largest Economy and Growth Has Outpaced Other Developed Economies Source: Global Insight, Inc.

5 The United States Was Responsible for One Third of Global Growth Over the Past 15 Years Source: Global Insight, Inc.

6 U.S. Productivity Growth Has Accelerated Source: Global Insight, Inc.

7 Competitiveness: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

8 Emerging Markets Are Rapidly Growing Their Economies, Exports and Share of Global Investment Flows Source: World Bank, UNCTAD, U.S. Department of Energy, EIA

9 Emerging Markets Already Have the Largest, Fastest Growing Populations Source: U.S. Census

10 Emerging Markets Have Large Supplies of Young Professionals Source: McKinsey Global Institute, The Emerging Global Labor Market: Part II-- The Supply of Offshore Talent in Services (June 2005)

11 The United States Combines High Workforce Participation Rates with Low Unemployment Source: Global Insight, Inc.

12 The United States Has High Levels of Job Churn Source: U.S. Bureau of Labor Statistics

13 Emerging Markets Now Number Among the World's Leading Technology Exporters Source: Global Insight, Inc.

14 U.S. Multinationals Sell Three Times More Through Foreign Operations Than Through Exports Source: U.S. Bureau of Economic Analysis

15 The United States Has Trade Surpluses in Services and Intangibles Source: U.S. Bureau of Economic Analysis

16 U.S. Investment in Intangible Assets Now Rivals Traditional Tangible Investments Source: Carol Corrado, Charles Hulten, and Daniel Sichel, Intangible Capital and Economic Growth, Finance and Economics Discussion Series, Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C. (April 2006)

17 The Competitiveness Index: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

18 The Competitiveness Index: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

19 U.S. R&D Investment Remains the World s Largest, But Others Are Increasing Their Investment Faster Source: OECD, Main Science and Engineering Indicators (2006)

20 The Competitiveness Index: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

21 U.S. Entrepreneurs Aim to Create Jobs Source: Global Entrepreneurship Monitor, High-Expectation Entrepreneurship 2005

22 Small and Medium-Sized Firms Create Most New Jobs Source: Office of Advocacy, U.S. Small Business Administration

23 The Competitiveness Index: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

24 The United States Is One of the Easiest Places to Start a Business Source: World Bank, Doing Business 2007

25 Sarbanes-Oxley Imposes a Significantly Higher Burden on Smaller Firms Source: American Electronics Association, Sarbanes-Oxley Section 404: The Section of Unintended Consequences and Its Impact on Small Business (Feb 2005)

26 Competitiveness: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

27 Levels of Educational Attainment Grew Rapidly After World War II Source: U.S. Census

28 All Racial and Ethnic Groups Have Improved High School and College Attainment -- but Wide Gaps Persist Source: U.S. Census

29 The United States Invests Significantly More in Education, Yet Test Scores Are Low Compared to Other Nations Source: OECD, Education at a Glance (2006)

30 High-Wage, Fast-Growth Occupations Require Higher Levels of Education Source: U.S. Bureau of Labor Statistics

31 The United States Lags in Support for Job Training Source: OECD, Education at a Glance (2006)

32 Competitiveness: Competitiveness Our View Looking Back Twenty Years of US Global Leadership The Changing Global Competitiveness Environment Looking Ahead Challenges and Opportunities Innovation Entrepreneurship Regulation Education Energy

33 The United States Is Not Alone in its Growing Appetite for Energy. Demand Is Projected to Grow in Both Developing and Developed Countries Alike

34 Total Energy Imports Accounted for Over One-Third of the U.S. Merchandise Trade Deficit in 2006

35 Population Growth Combined with Increasing Affluence Will Continue to Drive U.S. Demand for Energy. Source: Bureau of Economic Analysis, Energy Information Administration Energy Where Security, America Stands Innovation & Sustainability Initiative Council Copyright on Competitiveness 2007 Permission 2008 Required Permission to Reproduce Required in any to Reproduce Format in any Format

36 U.S. Electric Power Costs Are Projected To More Than Double By 2025 Under Business As Usual Scenario. Source: Platts Power Outlook Research Service In a stable demand growth future, power prices across the U.S. will rise at different rates. Regional power pool prices, which transcend state borders, will grow based on the fuel requirements portfolio and the ability to build new generation and expand transmission capacity. Energy Where Security, America Stands Innovation & Sustainability Initiative Council Copyright on Competitiveness 2007 Permission 2008 Required Permission to Reproduce Required in any to Reproduce Format in any Format

37 Investment in Sustainable Energy Soared in Most Regions in 2006 With the Heaviest Capital Flows Existing in the U.S., the EU, and the Large Economies Such as China and India

38 The United States Is Making Gains in Energy Efficiency But Not As Fast as Some Other Countries Source: International Energy Agency, International Energy Annual 2004, Table E. 1 p

39 Energy Productivity Improvements Are Lower in the United States Than in Europe and Japan Across all Sectors. Source: Energy Information Administration, Lawrence Berkeley National Lab China Energy Group, McKinsey Global Institute Energy Where Security, America Stands Innovation & Sustainability Initiative Council Copyright on Competitiveness 2007 Permission 2008 Required Permission to Reproduce Required in any to Reproduce Format in any Format

40 The Global Clean Energy Market Is Set to Quadruple in the Next Decade Source: Clean Edge, Inc.

41 Energy Security, Innovation and Sustainability What is the Optimal Policy Focus? Source: GE Energy Energy Where Security, America Stands Innovation & Sustainability Initiative Council Copyright on Competitiveness 2007 Permission 2008 Required Permission to Reproduce Required in any to Reproduce Format in any Format

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