Embed Size (px)
DESCRIPTION
Presentation by Bruce Katz, Vice President of the Brookings Institution and Director of the Metropolitan Policy Program. Global Cities Initiative forum in Los Angeles, CA on March 21, 2012. The Global Cities Initiative is a Joint Project of Brookings and JPMorgan Chase. For more information: http://www.brookings.edu/projects/global-cities.aspx
Citation preview
GLOBAL CITIES INITIATIVEA J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E
Los Angeles, CA / March 21, 2012@bruce_katz #globalcities
11.4 millionjobs needed
More Jobs
More Jobs
More Jobs & Better Jobs
A vision for the next American economy
1 2 3
1
2 3
The next economy will be largely metropolitan
1 2 31
2
3
1 2 31 2
3 Metropolitan areas are driving innovation
METROINNOVATION
A vision for the next American economy
1 2 3
1
2 3
2009
Global GDP
19.9%US
21.0%BIC Countries
Source: International Monetary Fund, World Economic Outlook Database, April 2010
2015
Global GDP
26.5%BIC Countries
17.9%US
Source: International Monetary Fund, World Economic Outlook Database, April 2010
Global Metro Population
2009
50%
Global Metro Population
2030
60%
Source: UN Department of Economic-Social Affairs, World Urbanization Prospects, 2009
Economic Performance2010-2011
Highest Performing MetrosLowest Performing Metros
Source: Brookings, Global MetroMonitor, January 2012
Exports Share of GDP2010
13%
United States
29% 22%
15%
30%
Japan
China Canada India
European Union
15%
Source: Brookings analysis of WTO and EIU data, 2011
Transport Networks are Clogged and Congested
Can we get back into the export game?
11%US export growth2009-2010
46%exports share of GDP growth2009-2011
billionUS manufactured exports 2010
$944
Japan
$680$944
United States GermanyFrance
$409
China
$1477
$1091
Top Manufacturing Exporting Countries2010, Billions
Source: World Trade Organization, 2011
What the US makesThe world takes
$358
ServiceImports
ServiceExports
$518
US Service TradeBillions, 2010
$160 billiontrade surplus
Source: World Trade Organization, 2011 (Data reflect Commercial Services)
Service ExportsShare of World Total, 2010
14.0%United States
6.3%Germany
Source: Brookings, Export Nation 2012
“We set a new goal: We will double our exports over the next five years, an increase that will support two million jobs in America.”
President ObamaJanuary 27, 2010
Photo: Pete Souza, The White House
Can the U.S. play in thelow carbon revolution?
Sources: Brookings-Battelle Clean Economy Database (2011)
2.7 millionclean economy jobs
1.4 millionbiosciences jobs
4.8 millionIT jobs
2.4 millionfossil fuel jobs
2.7 millionclean economy jobs
Sources: Brookings-Battelle Clean Economy Database (2011), Brookings Analysis of Battelle, BLS, Moody’s Analytics data
$53.9 billionclean economy exports
Source: Brookings-Battelle Clean Economy Database (2011) and Moody’s Economy.com
$53.9 billionclean economy exports
NationalEconomy
$10,392
Export IntensityYearly Export Earnings per Job
$20,124
Clean Economy
Source: Brookings-Battelle Clean Economy Database (2011) and Moody’s Economy.com
Source: EOP “A Framework for Revitalizing American Manufacturing” (2009)Brookings “Accelerating Advanced Manufacturing with New Research Centers” (2011)
90%manufacturing share of patents
68%manufacturing share of R&D
35%manufacturingshare of engineers
Can the U.S. be anInnovation Nation?
FranceSwedenTurkeyUnited KingdomLebanonMexicoCanadaBoliviaSpainSwitzerlandUgandaAlgeriaEstoniaSloveniaSouth AfricaMozambiqueMoroccoUnited StatesHondurasLithuania
Source: National Science Foundation
45thShare of BAs in Science and Engineering
Exports
Imports
1990 2010
$273 billion
$354 billion
Trade in Advanced Technology Products
Source: US Census Bureau, Foreign Trade Statistics
It is time to rediscover our innovation... Moj
o
11%wage premiumin exporting firms
Source: Istrate, Rothwell & Katz, Export Nation (2010)
Greater likelihood of health and retirement benefits in export-intense industries
The U.S. must get smart...
fast
Source: US Census Bureau, 2010 American Community Survey
Hispanics
19%
African Americans
Non-Hispanic Whites
Asians
25%39%
56%
Educational AttainmentAssociate’s Degree or Higher
United States
36%
The next economy will be largely metropolitan
1 2 31
2
3
Source: Brookings analysis of US Bureau of Economic Analysis data
Source: Brookings analysis of US Bureau of Economic Analysis data
Service Exports
75%63%
Manufacturing Exports
Population
66%
Top 100 Metro ExportsShare of U.S. Totals
Source: Brookings, ExportNation 2012
Top 100 Metro Exports
Chemical Products
68% 76%
Business/Professional
Services
Computer/Electronic Products
78%
Population
66%
Share of U.S. Totals
Source: Brookings, ExportNation 2012
Top 100 Metro Trade Logistics
U.S. Air Cargo Weight
82% 88%
Foreign Waterborne
Cargo Weight
Airline Boardings
92%
Population
66%
Share of U.S. Totals
Source: Brookings analysis of US Census Bureau, FAA, and PIERS data (2009)
Aerial imagery: © DigitalGlobe, GeoEye, Sanborn, USGS, USDA FSA
Aerial imagery: © DigitalGlobe, GeoEye, Sanborn, USGS, USDA FSA
$79.8 B
Top 100Metros
Los AngelesMetro
Export Intensity
9.8% 10.9%
Export Volume1stof largemetros
Service Exports
41.4%service share of exports
Top Service SectorsTop Service Sectors
Royalties 15.6%
Travel and Tourism 9.0%
Business and Professional Services 9.3%
Royalties Exports
54.7%film & tv share of royalties exports
$12.4 B
Manufacturing Exports
57.7%manufacturing share of exports
106,269direct manufacturing export jobs
University ofSouthern California
University of California Los Angeles
City ofLos Angeles
6th busiestport complex in the world
1 2 31 2
3 Metropolitan areas are driving innovation
METROINNOVATION
Innovate Locally
Establish Export Goals & Objectives
Double exports Support key sectors
Increase global fluency Boost SME exports
Collaborate to Compete
Governments
Philanthropy
Firms
Universities
Market AssessmentTop Export Sectors Top Export Markets
LA Regional Export Council (LARExC)
University ofSouthern California
University of California Los Angeles
City ofLos Angeles
Target industries: aerospace, computer and electronic products, pharmaceuticals, professional services, film and television
The United States Conference of Mayors
“Export Ready” Challenge
Antonio VillaraigosaMayor, Los Angeles
President, US Conference of Mayors
Innovate Locally
Innovate Locally Advocate Nationally
State Governments
CaliforniaGovernor’s Office of Business & Economic Development
California-China Trade & Investment Office
PennsylvaniaCenter for Trade Development
WashingtonState Export Initiative
State Governments
MinnesotaState Trade Office
Federal Government
MAP-21Moving Ahead for Progress in the 21st Century
Export-Import Bank
Reauthorization
Protect InnovationOpen Markets
Free Trade
AgreementFree Trade AgreementFree Trade
Agreement
Federal Government
Modernize Trade Corridors
Protect InnovationOpen Markets
Free Trade
AgreementFree Trade AgreementFree Trade
Agreement
Federal Government
US Patent & Trademark Office
US Trade RepresentativeIntellectual Property
Enforcement Coordinator
Modernize Trade Corridors
Protect InnovationOpen Markets
Free Trade
AgreementFree Trade AgreementFree Trade
Agreement
Federal Government
US Patent & Trademark Office
US Trade RepresentativeIntellectual Property
Enforcement Coordinator
Modernize Trade Corridors
Council of Economic Advisors Council on Environmental Quality National Security Council
Office of Administration Office of Management & Budget Office of Nat’l Drug Control Policy
Office of Policy Development Office of Science & Technology Policy Office of the US Trade Representative
Department of Agriculture Department of Commerce Department of Defense Department of Education Department of Energy
Department of Health & Human Services Department of Homeland Security Department of Housing & Urban
Development Department of the Interior Department of Justice
Department of Labor Department of State Department of Transportation Department of Treasury Department of Veterans Affairs
African Development Foundation
Central Intelligence Agency
Commodity Futures Trading Commission
Consumer Product Safety Commission
Corporation for National and
Community ServiceDefense Nuclear
Facilities Safety BoardEnvironmental
Protection AgencyEqual Employment
Opportunity Commission
Export-Import Bank of the United States
Farm Credit Administration
Federal Communications
CommissionFederal Deposit
Insurance CorporationFederal Election
CommissionFederal Housing Finance Board
Federal Labor Relations Authority
Federal Maritime Commission
Federal Mediation and Conciliation Service
Federal Mine Safety & Health Review Commission
Federal Reserve System
Federal Retirement Thrift Investment
BoardFederal Trade Commission
General Services Administration
Inter-American Foundation
Merit Systems Protection Board
National Aeronautics and Space
Administration
National Archives and Records
AdministrationNational Capital
Planning Commission
National Credit Union Administration
National Foundation on the Arts and
HumanitiesNational Labor
Relations BoardNational Mediation
BoardNational Railroad
Passenger Corporation (AMTRAK)
National Science Foundation
National Transportation Safety
BoardNuclear Regulatory
CommissionOccupational Safety &
Health Review Commission
Office of Government Ethics
Office of Personnel Management
Office of Special Council
Overseas Private Investment Corporation
Peace Corps Pension Benefit Guaranty Corporation
Postal Rate Commission
Railroad Retirement Board
Securities and Exchange Commission
Selective Service System
Small Business Administration
Social Security Administration
Tennessee Valley Authority
Trade & Development Agency
US Agency for International Development
US Commission on Civil Rights
US International Trade Commission US Postal Service
EXECUTIVE OFFICE OF THE PRESIDENT
CABINET AGENCIES
INDEPENDENT ESTABLISHMENTS AND GOVERNMENT CORPORATIONS
Office of the US Trade Representative
Export-Import Bank of the United States
Overseas Private Investment Corporation
Department of Commerce
Small Business Administration
PROPOSED “BUSINESS USA” REORGANIZATION
Export-Import Bank of the United States
Department of CommerceOverseas Private
InvestmentCorporation
Office of the US Trade Representative
Small Business Administration
International Trade AdministrationUS Census
National Technical Information ServiceSelect USA
Bureau of Industry & SecurityNational Institute of Standards & Technology
Minority Business Development Agency
Export-Import Bank of the United States
Department of CommerceOverseas Private
InvestmentCorporation
Office of the US Trade Representative
Small Business Administration
International Trade AdministrationUS Census
National Technical Information ServiceSelect USA
Bureau of Industry & SecurityNational Institute of Standards & Technology
Minority Business Development Agency
INTEGRATED METROPOLITAN EXPORT PROMOTION
Local GovernmentsPhilanthropy
FirmsUniversities
State GovernmentFederal Government
Innovate Locally Network GloballyAdvocate Nationally
New York
Sao Paulo
Toronto
Lagos
Sydney
Tokyo
Shanghai
London
ParisFrankfurt
Detroit
Monterrey
Bogota
Johannesburg
Cologne
ChennaiHanoi
Chongqing
Los Angeles
Buenos Aires Durbin
Dubai
Singapore
Seoul
Tianjin
HamburgRotterdam
Xi’anDelhi
Antioch
Tyre
Samarkand
Lanzhou
Baghdad Tehran
Xi’anDelhi
Antioch
Tyre
Samarkand
Lanzhou
Baghdad Tehran
GLOBAL CITIES INITIATIVEA J O I N T P R OJ ECT O F B R O O K I N GS A N D J P M O R GA N C H AS E
Los Angeles, CA / March 21, 2012@bruce_katz #globalcities
