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Global Competition John Connors. Agenda. Global Context America’s Big Challenges Big Opportunities Texas vs. California – Two paths and a choice Montana . Global Context. A Look back . Growth Rates Matter – A lot!. American IT = Flat World. China’s Rise – Factory to the world.
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Global CompetitionJohn Connors Bozeman July 2013
Agenda • Global Context • America’s Big Challenges • Big Opportunities • Texas vs. California – Two paths and a choice • Montana
Growth Rates Matter – A lot! Bozeman Keynote
American IT = Flat World Bozeman Keynote
R&D – Race for the Future Bozeman Keynote
STEM – Asia Serious; U.S. – Needs Immigrants Bozeman Keynote
A World Transformed Source: International Monetary Fund, United Nations, and World Bank Bozeman Keynote
Shenzen- 1970 vs. 2012 Bozeman Keynote
1980 vs. 2013 Top Market Cap Companies Bozeman Keynote
Astounding Federal Profligacy Bozeman Keynote
Federal Spending vs. Median Income Bozeman Keynote
U.S. Debt Per Person Bozeman Keynote
Federal Spending as a Household Bozeman Keynote
Interest on Debt : How Many States Larger? Bozeman Keynote
Average Interest Rate by Decade – Time Bomb! Bozeman Keynote
Growth and Energy : 1.0 Correlation Bozeman Keynote
Energy Reality vs Current Policy Bozeman Keynote
World’s Highest Corporate Tax Rate Bozeman Keynote
Regulation Rampage • 2012 Federal Register—the official directory of regulation—78,961 pages ;1986 - 44,812 pages; 1936 - 2,620 • Growth in US Economy 1936- 2012 = 12x (inflation adjusted); Federal Register growth 30x • Last time regulation was cut was under Ronald Reagan - number of pages in the Federal Register fell by 31%. Surprise! Real GDP grew by 30% in that same period. Lasted just eight years. • Since 1993, 81,883 new rules have been issued. In the past 10 years, the "final rules" issued by our 63 federal departments, agencies and commissions have outnumbered laws passed by Congress 223 to 1. • Right now there are 4,062 new regulations at various stages of implementation, of which 224 are deemed "economically significant," i.e., their economic impact will exceed $100 million. • The cost of all this - , $1.8 trillion annually—that's on top of the federal government's $3.5 trillion in outlays, so it is equivalent to an invisible 65% surcharge on your federal taxes, or nearly 12% of GDP • Costs of regulation for small businesses (those with fewer than 20 employees) are 36% higher per employee than they are for bigger firms • http://americanactionforum.org/rodeo-database Bozeman Keynote
Academic Progress Non-Existent Bozeman Keynote
Labor Productivity Waning Bozeman Keynote
Competitiveness Steep Decline Bozeman Keynote
USA - Energy Superpower Bozeman Keynote
Major Energy Cost Advantage Today Bozeman Keynote
Spending vs. Tax Revenue – Still Time to Stop Permanent Decline Bozeman Keynote
Growth Only Cure Bozeman Keynote
Texas vs. California – A Real Live Laboratory Bozeman Keynote
Capital Flows to Where it is Treated Well Bozeman Keynote
More Debt = Less Opportunity Bozeman Keynote
More Wealth Creation Bozeman Keynote
More Jobs Bozeman Keynote
Less Misery Bozeman Keynote
MT - Decent Position for Breakout Bozeman Keynote
Gross State Product Bozeman Keynote
Top States for Business – What Matters Bozeman Keynote
Global Reading Performance Montana Bozeman Keynote
Global Math Performance United States Average Montana Bozeman Keynote