Agenda Reports - Port of Oakland
Agenda Reports - Port of Oakland
Agenda Reports - Port of Oakland
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Main Points<br />
• Global rebalancing has begun but the recovery hasn’t<br />
• Excesses such as US and Asian trade imbalances are beginning to<br />
reverse<br />
• US is no longer able to prosper without competitive exports<br />
• US share <strong>of</strong> GDP has declined from 50% in 1980 to 22% in 2011<br />
• Comparative advantage in agriculture, energy and high-end capital<br />
goods<br />
• <strong>Oakland</strong> is an export gateway to fast growing economies<br />
• Growth will depend on proper planning and execution<br />
STRATEGY & POLICY Tab 4.1<br />
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