Here is another indicator that shows an ever changing environment in the global economy. According to a Swedish newspaper, the US manufacturing industry will lose its position as world leader in 2011.
America has held the top for nearly one hundred years. The International Monetary Fund released data that shows emerging markets and developing countries' GDP grew at 7 percent in 2010. Developed economies only grew at less than 3 percent. China is continuing its fast growth and is expected to surpass the US at the top manufacturer in 2011. China will be the world's biggest exporting country and second biggest in imports.
CITATION http://www.chinaleather.org/eng/show.php?itemid=5743
America has held the top for nearly one hundred years. The International Monetary Fund released data that shows emerging markets and developing countries' GDP grew at 7 percent in 2010. Developed economies only grew at less than 3 percent. China is continuing its fast growth and is expected to surpass the US at the top manufacturer in 2011. China will be the world's biggest exporting country and second biggest in imports.
CITATION http://www.chinaleather.org/eng/show.php?itemid=5743
