around the world in 45 minutes april 2011. globalization
TRANSCRIPT
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Around the World In
45 MinutesApril 2011
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Globalization
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Manufacturers Experiencing Rising Exports
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Export’s Contribution to GDP
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IGER.csuci.edu
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Why IGER?
Bridge to Pacific Rim
Prepare Our Students
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Areas Today
Asia
China
Japan
Budget Deficits
Inflation
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Asia
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Asia’s Contribution to Global GDP Growth
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Soaring Industrial Production in Asia
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Investments in Asia
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Higher labor Costs in Asia ex Japan
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Asia Consumption Accelerating
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Asia Inflation
Supply Shortages
Demand Pull
Not Much Slack
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Asia Place to
Produce
Invest
Sell
Future
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Share of Global GDP
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U.S. Treasury Securities
8% of all
25% of foreign owned
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RMB•Liberalized
•Trades Settled
•World Currency
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China
Big Consumer
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China’s Love Affair with Cars
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Buy a Car and Buy a Flat
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China’s Shrinking Trade Surplus
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House Prices for Asian Cities
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Gov’t Policies
Purchase Restrictions
Property Taxes
Higher Interest Rates
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Five-year Plan
Happy China
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China Inflation
Social/ Political
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Conclusion
Growth Cool Down
Inflation Ease
Control Property Prices
Gradual Yuan Appr.
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Japan Unemployment Rate
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Japan Exports by Region
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Japan: Consumer Price Index
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Global Impact•Supply Chain
•Financial Market
• Repatriate
• Yen Appreciation
• Interest Rates
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Supply-chain Impact
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Supply Chain•35% Boeing 787
•20% Semiconductors
•40% Electronic Comp
•10% Laptop Batteries
•25% NAND Flash chip
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Ships Contaminated by Radiation
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Sig Turning Point•1855 Tokukawa
•1923 Nationalism
•1945 Superpower
•2011 ?
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Small Global Impact
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JapanVideo
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Risk for Us
Not in Asia
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Locally
Businesses: Asia
Labor Force: Train
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Who Benefits?
•Commodities Producers
•High End Consumer Goods
•Machineries
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Big Ten in 2030
•China
•U.S.A
•Japan
•Germany
•U.K.
• Brazil• Mexico• France• Canada• Korea
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Republican Proposal
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Interest Costs
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What to Do?
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Adult Conversation
•Serious Debate
•Political Climate
•Grand Bargain
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Entitlement Spending
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U.S. Defense Spending
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Higher Taxes
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Food Inflation
Up 80% y/y
Protests in N. Africa
China 25% of U.S. Soy
Ethanol 40% of Corn
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Inflation Risks
Inflation Expectations
Wage Increases
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Inflation Expectations
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Why No DeflationInflation Expectations
Wage RigiditiesImport Prices
Monetary Policy
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No DeflationInflation Eventually
Cost Push Excess Cap. Diminishes
TaxesFees
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Ventura CountyApril 2011
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IGER.csuci.edu
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DrSohn.com
(not Dr.Sohn.com)