The U.S. remains the world’s largest trader in Merchandise. In 2011, imports of exports totaled about $3.7 Trillion and the trade deficit stood at $785 billion according to trade data from World Trade Organization (WTO).China and Germany were the 2nd and 3rd in merchandise trade followed by Japan. Unlike the U.S., both China and Germany ran …
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Coal is a major key source of electricity production in the U.S. In 2011, about 42% of power produced came from coal. In that year, coal mines produced 1,094.3 million short tons of coal. Where we get coal? Coal is mined in 25 states in the country. The top state in coal production is Wyoming followed …
The pharmaceutical in industry is a multi-billion dollar industry especially in developed countries where drug prices are very high and consumers are able to afford them. For drug companies, the actual manufacturing of the drugs is just one portion of the overall costs of sale prices of the drugs. Marketing plays a huge role accounting …
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Here is a chart showing the major disruptions over the last decade, according to the PwC 16th Annual Global CEO Survey: Click to enlarge Source: PwC 16th Annual Global CEO Survey, PwC
Scientific research and innovation was dominated by western countries up until a few years ago. The majority of the scientific publications in the world were published by researchers in these countries. However emerging countries are starting to compete fiercely in the field of scientific innovation. According to an article in OECD Observer, globalization and democratization of …
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