1. Overview of the Global Economy Robert Culver CEO & President, Mass Development January 20, 2010 Open Classroom: International Economy, Security and Culture Northeastern University School of Public Policy & Urban Affairs

2. 2 Outline Population Employment –United States –United States and BRIC Growth –United States –United States and BRIC (2 slides) Defense Spending –United States –United States and BRIC Deficits and Debts –United States deficit –United States and BRIC debt

3. 3 Population Source: U.S. Census Bureau

4. 4 U.S. Employment Stagnates, Slides Source: Bureau of Labor Statistics, ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt 3.7 % drop from 2008 to 2009

5. 5 BRIC versus U.S. Unemployment Rates Source: CIA – The World Factbook

6. 6 Real GDP Growth under Clinton and Bush Source: Bureau of Economic Analysis, http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year &FirstYear=1993&LastYear=2009&3Place=N&AllYearsChk=YES&Update=Update&JavaBox=no

7. 7 GDP, 2000 & 2005-2012, in US$ Billion Sources: The Economist and The World Bank.

8. 8 GDP, 2000 & 2005-2012 Sources: The Economist and The World Bank.

9. 9 U.S. Defense Spending in Billions of Constant (2000) Dollars Source: http://www.whitehouse.gov/omb/budget/fy2010/assets/hist08z2.xls

10. 10 Defense Spending in Millions of Constant (2005) Dollars Source: Stockholm International Peace Research Institute

11. 11 U.S. Deficit in Billions of Constant (2000) Dollars Source: http://www.whitehouse.gov/omb/budget/fy2010/assets/hist01z3.xlshttp://www.whitehouse.gov/omb/budget/fy2010/assets/hist01z3.xls The 2009 figure is an estimate.

12. 12 Debt – External (billion dollars) Source: CIA – The World Factbook

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