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Lecture 1 Part 1

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Figure 1: Honda Cars Produced and Exported by Region, Jan-Sept 2004 ... Figure 4a: Growth in World Merchandise Trade and Output Volume, 1950-2002 (Present) ... – PowerPoint PPT presentation

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Title: Lecture 1 Part 1


1
Lecture 1 Part 1
  • Chapter 1
  • Introduction to the World Economy

2
Figure 1 Honda Cars Produced and Exported by
Region, Jan-Sept 2004
3
Figure 3 Transport and Communication Costs.
1930-1990 (Index 1930100)
4
Figure 4a Growth in World Merchandise Trade and
Output Volume, 1950-2002 (Present)
5
Figure 4b Growth in World Merchandise Trade and
Output Volume, 1990-2002 (Present)
6
Figure 6 U.S. Merchandise Imports and
Exports,1950-2002 (Billions )
7
The US Economy 2006
  • GDP 12.9 trillion
  • Exports of goods 1.024 trillion
  • Export goods
  • Agricultural products (soybeans, fruit, corn)
    9.2,
  • Industrial supplies (organic chemicals) 26.8,
  • Capital goods (transistors, aircraft, motor
    vehicle parts, computers, telecommunications
    equipment) 49.0,
  • Consumer goods (automobiles, medicines) 15.0
  • Main export partners
  • Canada 23,
  • Mexico 14,
  • Japan 6,
  • Mainland China 6,
  • United Kingdom 3.5

8
The US Economy 2006
  • Imports 1.869 trillion
  • Import of goods
  • Agricultural products 4.9,
  • Industrial supplies 32.9 (crude oil 8.2),
  • Capital goods 30.4 (computers,
    telecommunications equipment, motor vehicle
    parts, office machines, electric power
    machinery),
  • Consumer goods 31.8 (automobiles, clothing,
    medicines, furniture, toys)
  • Main import partners
  • Canada 17,
  • Mainland China 16,
  • Mexico 11,
  • Japan 8
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