Sunday, October 11, 2009

World Manufacturing Share

No doubt, the USA leads the world in manufacturing. We consume more goods and services, produce more goods and services, export more goods and services...

and import more goods and services than any other nation. Dr. Perry has showed us these things in beautiful charts.

Over the next 20 years, China has plans to construct more nuclear power capacity than currently exists in the USA (the country with more nuclear power capacity than any other). The resulting low cost electricity will allow China to motor ahead of the USA.

The ascendance of China does not denote the demise of America. It would be great for American businesses if we too developed low cost power. Still, provided we remain open to trade, we will enjoy the growth of China and what it means for America products.

China cannot sell us anything without accepting the dollars that they will ultimately spend or lend in America. Thus, low cost products will be available to Americans and US products will be sold to the highest bidder, where ever that bidder might reside.

in reference to: CARPE DIEM: The U.S.A. Is Still the World's Largest Manufacturer (view on Google Sidewiki)

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