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| The
lions share of the Market |
As businesses develop new strategies, entering new markets in
search of growth and investment opportunities, The Medici
Consultancy group is the key to everything from managing
your organizational structure and increasing productivity,
financing and IT to implementing a marketing game plan
and selling your products overseas.
Although
the American market is among the largest and perhaps
the most open in the world, many companies
also find it more exacting and challenging to penetrate
than other export markets.
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USA
Economy
overview: |
The US has the
largest and most technologically powerful economy in the world,
with a per capita GDP of $36,200. In this market-oriented economy,
private individuals and business firms make most of the decisions,
and government buys needed goods and services predominantly in
the private marketplace. US business firms enjoy considerably
greater flexibility than their counterparts in Western Europe
and Japan in decisions to expand capital plant, lay off surplus
workers, and develop new products. At the same time, they face
higher barriers to entry in their rivals' home markets than the
barriers to entry of foreign firms in US markets. US firms are
at or near the forefront in technological advances, especially
in computers and in medical, aerospace, and military equipment,
although their advantage has narrowed since the end of World
War II. The onrush of technology largely explains the gradual
development of a "two-tier labor market" in which those at the
bottom lack the education and the professional/technical skills
of those at the top and, more and more, fail to get comparable
pay raises, health insurance coverage, and other benefits. Since
1975, practically all the gains in household income have gone
to the top 20% of households. The years 1994-2000 witnessed solid
increases in real output, low inflation rates, and a drop in
unemployment to below 5%. Long-term problems include inadequate
investment in economic infrastructure, rapidly rising medical
costs of an aging population, sizable trade deficits, and stagnation
of family income in the lower economic groups. Growth weakened
in the fourth quarter of 2000; growth for the year 2001 almost
certainly will be substantially lower than the strong 5% of 2000.
The outlook for 2001 is further clouded by the continued economic
problems of Japan, Russia, Indonesia, Brazil, and many other
countries. |
| GDP: |
purchasing power parity -
$9.963 trillion (2000 est.) |
| Industries: |
leading industrial power in
the world, highly diversified and technologically advanced; petroleum,
steel, motor vehicles, aerospace, telecommunications, chemicals,
electronics, food processing, consumer goods, lumber, mining |
| Exports: |
$776 billion (f.o.b., 2000
est.) |
| Exports
- commodities: |
capital goods, automobiles,
industrial supplies and raw materials, consumer goods, agricultural
products |
| Exports
- partners: |
Canada 23%, Mexico 14%, Japan
8%, UK 5%, Germany 4%, France, Netherlands (2000) |
| Imports: |
$1.223 trillion (f.o.b., 2000
est.) |
| Imports
- commodities: |
crude oil and refined petroleum
products, machinery, automobiles, consumer goods, industrial
raw materials, food and beverages |
| Imports
- partners: |
Canada 19%, Japan 11%, Mexico
11%, China 8%, Germany 5%, UK, Taiwan (2000) |
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For a free assessment and quote,
email info@mediciconsulting.com
or
call +1 (718) 618-4806 |
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