Attractive destination for foreign direct investment
According to the World Bank's Doing Business 2020 report, the United States ranked sixth among the 190 countries evaluated, thanks to the good performance of its business climate. This has also contributed to the fact that this nation continues to be recognized as one of the main economic powers in the world. Additionally, it is considered the largest international financial center and the third largest country on the planet in terms of population, since it has about 320 million people, who have a high GDP per capita.
Likewise, the United States, in addition to having a flexible and dynamic labor market, has the dollar, a currency that is the main reference for the world economic system. Another attractive aspect from the perspective of international investors is the development of regional nuclei, which consist of grouping together companies that belong to the same sector, in a certain geographic area.
According to the report on investment in the World of the UNCTAD last year, the flows that entered the country for FDI were 246 billion USD, a good figure compared to the current scenario. This shows that this nation is one of the main destinations for FDI and this has been achieved thanks to its large number of consumers, its efficient and transparent judicial system, highly trained human talent, a robust infrastructure and an ideal and desirable business environment that encourages innovation.
We can see that this nation continues to be an increasingly attractive destination for foreign direct investment. According to the AT Keamey Confidence Indices, the United States outperformed countries such as Brazil, India and China to become the country with the best projections for FDI in the world, ranked thus by 302 businesses, representing more than 28 countries and industries. Additionally, BCG concluded that 54% of US manufacturing companies with foreign production are considering relocating their production to US territory.
Wide access to domestic and global markets
Based on a study carried out by the World Trade Organization (WTO), it was highlighted that access to world markets in the United States is one of the main reasons why multinational industrial companies decide to locate in this nation. Proof of this is its participation in international economic organizations such as the G-7, G-10, G-20, Asia-Pacific Economic Cooperation (APEC), WTO, IMF, OECD, ICC, among others.
In this way and according to data from the United States International Trade Commission, among the nation's extensive network of trade relations, connections with countries such as Canada, Mexico, members of the European Union, China and Japan mainly stand out.
This is how the US economy continues to position itself as one of the largest in the world, which also has a median income per family of approximately $41,000 dollars, which represents one of the highest rates in the Organization for Economic Cooperation and Economic Development (OECD) and an important massive and permanent demand for a wide variety of products. In addition to domestic demand, US free trade agreements with more than 20 countries give US-based manufacturing companies access to distribution networks across the continent and the world.
The United States has a legacy of world-class ports and rail freight, as well as air transportation and highway networks with the ability not only to serve the vast domestic market, but to make the country a platform for exports. Export regulations are among the most comfortable in the world: in this nation the least amount of time is needed to comply with all the necessary procedures required for the export of goods between 185 countries according to World Bank studies. Foreign companies benefit from this access to global markets and its world-class structure to export more than $303 billion in goods, representing 20.5% of total US exports.
Highly qualified human talent
According to estimates from the United Nations Development Program, the American workforce ranks first in the world in average length of study, a global measure of human capital competitiveness. The Government has designed a strong education and training system for job-focused training, which includes a vast national infrastructure of high schools and colleges where academic programs take between two and four years.
In line with its high-level capabilities, the US workforce is among the most productive in the world: 30% more productive than Germany's and nearly twice as productive as South Korea's. This human talent, in turn, will continue to be a significant advantage, as your productivity growth remains stable.
World leadership in innovation
According to data from the Global Innovation Index 2021, for the third consecutive year the United States has positioned itself as a leader in innovation along with Switzerland, Sweden and the United Kingdom. This is not surprising, since fifteen of the world's top 25 research universities and numerous outstanding research institutions are located in your country. These educational centers are key partners for companies that invest in research and development in the country.
The United States is also ranked in the top five countries, according to the World Intellectual Property Organization, for its rank in investment and knowledge relative to its GDP. About 34% of the world's research and development investments are made in this nation.
In fact, this index currently shows that both governments and companies from various parts of the world have significantly increased its investments in innovation despite the consequences of the health crisis, thus reflecting the awareness of the importance of new ideas to overcome the pandemic and guarantee economic growth after it.
The US Department of Energy (DOE), through its Solar Futures Study projects that by 2050, 45% of the energy consumed by the country will come from the sun. This is how the study shows that in order to achieve this objective, cost reduction, the support of public policies and large-scale electrification are essential.
In this way, it is evident that solar energy is an important source of American energy that, in addition to being cleaner, cheaper and fast growing, has a large production capacity capable of supplying all homes in the United States by the year 2035. Additionally, this sector generates approximately 1.5 million jobs.
The United States, in its services segment, is made up of solar energy, which would represent 37% of electricity by the year 2035 and the rest would be produced by wind energy in 36%, nuclear energy between 11 and 13%, hydroelectric 6%, biomass and geothermal (1%).