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Brookings Institution Global Cities Initiative
Transcript of Brookings ua version ef
CURRENT ECONOMY
world’s populationoutside the U.S.
95%world’s purchasing power
outside the U.S.
80%
Source: World Economic Outlook, International Monetary Fund, 2013
NEW ECONOMY: 2013 - 2018
15%
85%
Share of economic growthin the U.S.
Share of economic growthoutside of U.S.
Source: World Economic Outlook, International Monetary Fund, 2013
37%
-7%
ECONOMIC REALITY
U.S Manufacturing Firms Revenue Growth2005-2009
Exporters Non-ExportersSource: US International Trade Commission, 2010, “Small and Medium-Sized enterprises: Characteristics and Performance.”
ECONOMIC REALITY
100% 70% 20%Higher sales
than non-exportersHigher employment than non-exporters
Higher wagesthan non-exporters
U.S. Business Services Exporters 2007
Source: J. Bradford Jensen, “ Global Trade in Services: Fear, Facts and Offshoring.” Peterson Institute for International Economics, 2011
SC AND GLOBAL ECONOMY
South Carolina jobs tied to international trade & investment
20%
68%
Upstate investment announcementsfrom international companies
44%
Upstate job announcements from international companies
Source: Business Roundtable, “How South Carolina’s Economy Benefits from International Trade & Investment; Upstate SC Alliance Announcements 2010-2013
Q: How do we ensure the Upstate captures its share of the growth?
A: By developing and committing NOW to a comprehensive GLOBAL engagement strategy
CONTINUED MOMENTUM
Increasing economic growth and diversifying our economy by:
Continued recruitment of new international investment
Expansions related to increased export sales
Investment growth from mergers & acquisitions
EXCHANGE PARTNERSAtlanta
Charleston
Chicago
Columbus
Des Moines
Indianapolis
Jacksonville
Los Angeles
Louisville-Lexington
Milwaukee
Minneapolis-St.Paul
Phoenix
Portland
Sacramento
San Antonio
San Diego
Syracuse
Tampa Bay
Upstate SC
Wichita
4 YEAR LEARNING & ACTION NETWORK Develop an Integrated Export/FDI Plan
Integrate Other Global Strategies
Connect Metros to Global Best Practices
Monitor Progress and Success
Support Implementation w/ Peer Interaction
Facilitate International RelationshipsSource: Brookings Global Cities Initiative
TIMELINE & STAGES
Elizabeth Feather
Upstate SC Alliance
REGIONAL TEAM
CORE TEAM LEADER – Global Cities Initiative
Core Team Members:
Dr. Kathleen BradyUSC Upstate
Jack EllenbergSC Ports Authority
Clarke ThompsonSC Department
of Commerce
Mayor Rick DannerCity of Greer
David ShellhorseAppalachian
Council of Governments
Upstate Core Team & 19 Other Cohorts
Steering Committee
Manufacturers & Service Providers
Export Service Providers Community
ORGANIZATION
GET INVOLVED
Manufacturers & Business Services
Export Service Providers
Business & Community Leaders
Elected Officials
www.upstatescalliance.com/goglobal
KEEP INFORMED• About the Program• Progress Reports• Timelines• International Data & Research• Fact Sheets• Core Team• Steering Committee• How to Get Involved
2014 ANNUAL LUNCHEON
How will the Upstate remain competitive
Why regionalism is crucial to our future
How and why to be involved
The global economy is changing
WHY ATTEND?
KEYNOTE SPEAKER: BRUCE KATZVice President, Brookings InstitutionFounding Director, Metropolitan Policy Program
http://metrorevolution.org/videos/#redefining-cities
