overview of the global economy robert culver ceo & president, mass development january 20, 2010...
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Overview of the Global Economy
Robert Culver
CEO & President, Mass Development
January 20, 2010
Open Classroom: International Economy, Security and Culture
Northeastern University School of Public Policy & Urban Affairs
2
Outline• Population
• Employment– United States– United States and BRIC
• Growth– United States– United States and BRIC (2 slides)
• Defense Spending– United States– United States and BRIC
• Deficits and Debts– United States deficit– United States and BRIC debt
3
Population
Source: U.S. Census Bureau
0
200000000
400000000
600000000
800000000
1000000000
1200000000
1400000000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Brazil
China
India
Russia
USA
4
U.S. Employment Stagnates, Slides
Source: Bureau of Labor Statistics, ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt
U.S. Employment on Nonfarm Payrolls
137,598 137,066
131,997
128,000
130,000
132,000
134,000
136,000
138,000
140,000
2007 2008 2009
Jo
bs
(in
th
ou
sa
nd
s)
3.7 % drop from 2008 to 2009
5
BRIC versus U.S. Unemployment Rates
Source: CIA – The World Factbook
Unemployment Rates
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
Brazil China India Russia USA
2007
2008
6
Real GDP Growth under Clinton and Bush
Source: Bureau of Economic Analysis, http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year&FirstYear=1993&LastYear=2009&3Place=N&AllYearsChk=YES&Update=Update&JavaBox=no
0
1
2
3
4
5
6
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Pe
rce
nta
ge
Inc
rea
se
7
GDP, 2000 & 2005-2012, in US$ Billion
Sources: The Economist and The World Bank.
0
5,000
10,000
15,000
20,000
25,000
USA
Russia
India
China
Brazil
USA 9,765 12,398 13,164 13,453 13,561 13,710 14,053 14,418 14,779
Russia 260 765 987 1,067 1,144 1,217 1,290 1,358 1,426
India 460 806 912 1,164 1,211 1,260 1,354 1,457 1,573
China 1,198 2,244 2,645 2,959 3,249 3,542 3,868 4,216 4,578
Brazil 644 882 1,067 1,125 1,177 1,219 1,270 1,323 1,379
2000 2005 2006 2007 2008 2009 2010 2011 2012
8
GDP, 2000 & 2005-2012
Sources: The Economist and The World Bank.
0%
20%
40%
60%
80%
100%
2000 2005 2006 2007 2008 2009 2010 2011 2012
USA
Russia
India
China
Brazil
9
U.S. Defense Spending in Billions of Constant (2000) Dollars
Source: http://www.whitehouse.gov/omb/budget/fy2010/assets/hist08z2.xls
050
100150200250300350400450500
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
10
Defense Spending in Millions of Constant (2005) Dollars
Source: Stockholm International Peace Research Institute
0
100000
200000
300000
400000
500000
600000
Brazil China India Russia USA
2006
2007
2008
11
U.S. Deficit in Billions of Constant (2000) Dollars
Source: http://www.whitehouse.gov/omb/budget/fy2010/assets/hist01z3.xlsThe 2009 figure is an estimate.
-1600.0
-1400.0
-1200.0
-1000.0
-800.0
-600.0
-400.0
-200.0
0.0
200.0
400.01
99
3
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
12
Debt – External (billion dollars)
-16000.0
-14000.0
-12000.0
-10000.0
-8000.0
-6000.0
-4000.0
-2000.0
0.0
Brazil China India Russia USA
12/31/2007
12/31/2008
Source: CIA – The World Factbook
