Industries in Which the US Is No Longer No.1
Americans are used to being No.1 in nearly all the world's businesses and athletic endeavors. The foundation of that certainly began to erode in the 1970's, when much of America's manufacturing industry started to move overseas. Many U.S. companies wanted to cut costs, including high-priced manufacturing jobs. That contributed to the rise of the Japanese and, more recently, the Chinese economies.
As U.S. manufacturing eroded, so did other critical parts of society. American children are no longer the best educated in the world. America's health care system no longer produces the healthiest population. U.S. GDP no longer grows as quickly as it once did, particularly in the recoveries that follow recessions. China now has the fastest-growing large economy in the world. It has passed Japan into the No. 2 spot and economists are forecasting how long it will take to pass the U.S.
America was known for the better part of the last century as the single greatest producer of food for the world. The country still leads in the production of many commodities, but improved farming practices and more advanced seed have allowed the yield per acres in countries like Russia, China Russia and Vietnam to rise.
This is the 24/7 Wall St. analysis of "Ten Industries in Which the U.S. Is No Longer No.1." Whether this list will grow depends on how quickly the American economy improves and whether business innovation continues to increasingly come from overseas. America now fights to remain competitive globally with one hand tied behind its back. The current deficit, growing national debt, lack of government capital for R&D and unemployment all contribute to a crippled economy. Each of these makes it harder for the U.S. economy to regain the ground it has lost over the past few years.
http://finance.yahoo.com/banking-budgeting/article/111986/10-industries-...
Its good that the industries are divided across the world. Employment in every country. Distribution of knowledge wealth and economy.
what do you gain out of all this?
EDITIED
BASHING through the snow in a one-horse open sleigh.... *sigh*
i bet the haters here have US passports.
Pork Production?!?!?...lol...
What kind of a survey is this?
xena, some people do lke looking at other's dirts and forget to see and smell theirs
very well said xena, some people spend time looking at other's dirts and never see and smell their own.....
MP, you're right. A Newsweek poll indicates that only 83% of all Indians would emigrate to the US if given the chance. I guess that's not "everyone."
Mandi
So? Britain used to be the workshop of the world.
So the Brown people work slaves hours for the rest of the world and that makes you proud?
geeeez, you're scrapping the bottom of the barrel with this list........lettuce production!!!!!
i can tell you the US is a lot farking better than the output of this country and many more.
u can ignore these threads as nothing to reply back but now if i put thread on any Asian country or any Arab country u all GORAS (white skin) will start blabbering
ignore these threads....
The two clowns that are posting are just looking to niggle users....
Don't bother to feed the trolls;-P
was that a joke ?
One of the reasons the US is no longer number 1 in several industries is that the wages and benefits for employees are very high. We just can't compete with sweatshop countries. Hmm, I guess that's why everyone wants to come there. As for education, the top tier is still the best in the world. Overall, averages have fallen. We do educate everyone for free and that takes a toll. There are some school districts that have students who speak 130 languages. It's a challenge.
Mandi
for so many days i was thinking they r perfect
well said mangal !! 1st make ur own country perfect thn look into other countries matter
this is what happens when u go digging in Iraq and Afghanistan