Fun Facts updated 3 05

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Information about Fun Facts updated 3 05
Entertainment

Published on June 18, 2007

Author: funnyside

Source: authorstream.com

Fun Facts::  Fun Facts: Over One-eighth (13%) of Gross Domestic Product 80% andgt; retail 175% andgt; transportation and utilities 88% andgt; construction, mining and agriculture Standing alone, it is::  Standing alone, it is: The world’s 8th largest economy Larger than the economies of: -Spain -Canada -South Korea and Mexico combined Slide3:  Manufacturing is responsible for nearly two-thirds (62%) of all U.S. exports of goods and services. Manufacturing is responsible for three fifths of all industrial R andamp; D Manufacturing is responsible for 90% of all patents. -Agriculture: $60billion/yearly -Manufacturing: $60billion/monthly Slide4:  Manufacturing employs 14 million people 1. Reduce the costs of doing business in the US:  1. Reduce the costs of doing business in the US NAM Study: 22% cost disadvantages vs. trading partners Taxes Health Care (1/6 of GDP) Regulations: --$180 billion cost of regulation --$32 billion workplace --Highest environmental costs Legal Costs (2% of GDP):  Legal Costs (2% of GDP) Larger than the economies of: Hong Kong Hungary Vietnam Venezuela Portugal Peru Algeria Israel Romania Ireland Czech Republic Morocco Denmark Nigeria Chile Kazakhstan Norway Singapore Finland Belarus ……..and 173 others 2. A level playing field with all trading partners:  2. A level playing field with all trading partners Vis a vis China, this means: -No currency manipulation -Respect for intellectual property -No illegal subsidies -Compliance with all WTO rules

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