| News may 2010 Transatlantic economy 2010 Module |  |  |  | |
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| | The Transatlantic economy 2010
The annual survey on jobs, trade and investment between the US and Europe
Extract by Linda Westerlund, Intern, Danish-American Business Forum
The recent US recession has spurred rumours that the transatlantic ties between Europe and the US are weakening. The economic downturn has created the myth that due to the recession corporate America is headed away from Europe as a trading partner and towards low-cost nations such as Asia and Latin America when it comes to overseas investments.
However, according to the annual survey on jobs, trade and investment between the United States and Europe “The transatlantic Economy 2010” things are not as bad as they seem. In fact, according to the report, the US and Europe shows a stronger preference for each others markets in terms of overseas investments and the transatlantic foundation remains firm despite the recession.
In the context of current debates on financial turmoil, jobs, globalization and the rise of other major powers, the Transatlantic Economy 2010 report offers some unexpected and often counterintuitive connections with important implications for policymakers, business leaders, and local officials.
The Transatlantic Economy 2010 annual survey offers the most up-to-date set of facts and figures describing the deep economic integration binding Europe and the United States. It documents European-sourced jobs, trade and investment for each of the 50 U.S. states, and U.S.-sourced jobs, trade and investment for member states of the European Union and other countries. Moreover, it offers special sections on the impact of the global financial crisis; the role of transatlantic commercial ties relative to rapidly developing markets; and the roles of U.S. and European cities and regions in the transatlantic economy.
Chapter 2 and 3 might be of special interest to Danish companies with overseas subsidiaries and might offer a more detailed description of Europe’s position as a trading partner to the US despite the financial crisis.
Chapter 2 (pp. 19-32): “The Transatlantic Economy Today, Eight Ties that Bind” concentrate on the European affiliates in the US and vice versa. The chapter discusses 8 key indicators that offer a clear indication of the integration forces shaping and maintaining the transatlantic economy. They include: Gross Product of Foreign Affiliates, Assets of Foreign Affiliates, Affiliate Employment, Research and Development of Foreign Affiliates (R&D), Intra- Firm Trade of Foreign Affiliates, Foreign Affiliate Sales, Foreign Affiliate Profits, Transatlantic Service Linkages.
Chapter 3 (pp. 33-42) “European commerce and the 50 states, a state by state comparison” deals with the investment position of corporate Europe, the region of the world that has invested the most in the US and created the most jobs. As European investment can be found throughout all fifty states this particular chapter offers an insight into the particular districts dominated by European investment and an illustration of which clusters dominate which areas. The “special focus” chapter following the third chapter offers a further analysis of the European investment position on a global scale, comparing the US as a trading partner to the rest of the world.
Printable version
Transatlantic Economy Report 2010 (full report)
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