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Globalization: Implications for the US Plastics industry
Publish Date: Mar 2007,   Pages: 81,   Report Code:
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Table of Contents
 INTRODUCTION
INTRODUCTION
 EXECUTIVE SUMMARY
 EXECUTIVE SUMMARY
 PART I - UNDERSTANDING GLOBALIZATION
The New Wave of Globalization
The Old Orthodoxy in International Trade Theory: Static Comparative Advantage
The New Orthodoxy in International Trade Theory: Kaleidoscopic Comparative Advantage
The New Dichotomy of Tradable and Non-tradable Goods and Services
 PART II - GLOBALIZATION AND THE TRANSFORMATION OF INTERNATIONAL TRADE AND INVESTMENT
Globalization and Import Competition: Putting the U.S. Import Penetration Rate in Perspective
Globalization and Financial Markets
Global Excess Liquidity
Globalization and Regional Economic Integration
Emerging Economies and the New Industrial Revolution
Emerging Economies and Global Economic Growth
Foreign Discontent with Globalization: Mexico
Foreign Discontent with Globalization: South America
 PART III - GLOBALIZATION AND THE EVOLVING U.S. ECONOMY
The State of the U.S. Economy
The Specter of U.S. De-industrialization
The U.S. Budget Deficit
The U.S. Trade Deficit
The U.S. Current Account Deficit
Globalization and U.S. Income Inequality
The U.S. Export Imperative
The Scope for Expanding U.S. Exports: An Overview of U.S. Trading Partners
 PART IV - GLOBALIZATION AND THE NEW WORLD ORDER
Current and Likely Future Global Growth Scenarios
The Role of the U.S. Economy in the Global Economy: A Changing of the Guard
Endogenous and Exogenous Factors Influencing the U.S. Trade Balance
The Recent Slowdown in U.S. Productivity Growth: Cyclical or Structural?
The Dispersion of Global Manufacturing: The Case of the Automotive Industry
The Role of U.S. Exports and Imports in the New World Order
The Role of the Dollar in the New World Order
Recent Fluctuations in the Value of the Dollar
Barriers to the Flow of Foreign Investment into the United States
U.S. Trade and Current Account Deficits: The Conventional Perspective
U.S. Trade and Current Account Deficits: A Contrarian Perspective
 PART V - THE CHALLENGE OF CHINA
China's Re-emergence in International Trade
China's Economic Growth in Historical Perspective
China and the Demise of Classical International Trade Theory
China Pricing and the U.S. Consumer: Trading-up and Trading-down
China Pricing and the U.S. Consumer: The Graying of America
The U.S. Balance of Trade with China
Major U.S. Markets Impacted by Chinese Imports
The Share of Chinese Exports in Asian Exports to the United States
The Chinese Yuan and Charges of Currency Manipulation
Would Yuan Appreciation Restore the U.S. Balance of Trade?
Prospects for Future Yuan Appreciation
China?s Compliance with WTO Commitments
China?s R&D Expenditures
The Challenge to China's Future Economic Growth
 PART VI - NEW GLOBAL ENERGY REALITIES
OPEC, Oil and the Drive to Renewable Energy Alternatives
The Role of China in Global Energy Supply and Demand
The Recent Trend of U.S. Oil Consumption
The Impact of Supply and Demand Shocks on Oil Production
The New Energy Security Leadership Council
 PART VII - RECENT TRENDS IN U.S. PLASTIC PRODUCT FOREIGN TRADE
The SPI Global Trends Study
U.S. Foreign Trade in Plastic Products, 1989-2004
The Import Penetration Rate in Plastic Products
Trends in Regular and Contained Plastic Product Trade
The Trend of 'True' Consumption of Resins and Plastic Products
 PART VIII - THE PCRS GLOBALIZATION SURVEY: A DIALOGUE WITH REGIONAL PLASTICS PROCESSORS
Processor Profiles: Primary and Secondary Processing Capabilities, Major Markets Served, Annual Sales
The Nature and Extent of Export Accounts
The Growth and Importance of Export Accounts in Total Sales
The Nature and Extent of Competition from Imports
The Nature and Extent of Accounts Lost to U.S. Customers Relocating Offshore
Positive and Negative Effects of Globalization
Strategies to Maximize the Benefits and Minimize the Costs of Globalization
Courses of Action Open to U.S. Plastics Industry Organizations, the U.S. Government, and Foreign Governments
Additional Comments
 PART IX - COPING WITH GLOBALIZATION
The Need for New Institutions Governing International Trade and Investment
The Need for New Initiatives in U.S. Foreign Trade Policy
The Implications of Globalization for U.S. Workers: The Need to Upgrade Worker Skills
The Implications of Globalization for U.S. Capital Owners: The Innovation Mantra
In Search of the Elusive Level Playing Field
 PART X CONCLUSIONS AND RECOMMENDATIONS TO U.S. PLASTICS PROCESSORS
Future U.S. Plastics Industry Foreign Trade Direction
Evolving Costs of Business for U.S. Plastics Processors
The Half-filled Glass: The Need for Continued Conversion of Traditional Materials to Plastics
Onshoring: Going on Offense vs. Playing Defense
Offshoring: Following Domestic Customers and Gaining New Foreign Ones
Identifying Products Immune from Foreign Competition
Shifting the Focus from Commodities to Specialties
Adapting for Success in the Evolving Global Economy
U.S. Plastics Processors' Globalization Playbook
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