Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e

The Nature of Doing Business Globally

Exports of goods and services from the United States account for only 13.5 percent of U.S. gross domestic product, so the nation is still largely a domestic, continental economy. What happens inside the United States largely determines the strength of the economic recovery. In contrast, as a percent of gross domestic product (GDP), exports comprise 45.6 percent of the German economy, 22.6 percent of the Chinese economy, and 187 percent of the Singapore economy (http://data.worldbank.org/indicator/NE.EXP.GNFS.ZS). Singapore’s number is so high because it imports oil and other products and then re-exports them globally. A point here is that the United States has substantial room for improvement in doing business ...