How Global Manufacturing and Export Performance is Determined?
A global list of the biggest Global Biggest Industries by revenue is a great source for those who are trying to find new industries that are very lucrative and have room for growth. This list is compiled by a business magazine and released every year, but is usually prepared for the global markets only. However, this list is worth a look in order to see how some industries perform in the United States and Europe.
Computers and Electronics are the biggest and most obvious huge industry, and it certainly has a lot of scope for growth. However, there are also other sectors that do very well in the United States, like Pharmaceuticals, Information Technology, and other electronics. There are also other products that perform very well in the US, such as Food and Beverages, Home Construction, etc. The list goes on.
As it turns out, the United States has more companies involved in the manufacture of computers and electronics than any other country. The U.S. is also second to China for being the world leader in IT exports. There are so many other companies involved that it seems hard to know where to start. That said, the two countries that are typically thought of as being the world leaders in the production of computers and electronics are Japan and Germany.
Europe, on the other hand, seems to be leading the way in information technology. It is interesting to note that some industries, such as pharmaceuticals and food and beverage, perform better in Europe than in the United States. Other industries that are particularly well known, such as construction and home building, perform very well in the United States.
Some industries do better in the one country than they do in another. For example, the aerospace industry does well in the United States, as does the defense industry in Germany. Even though some industries may seem to perform well in one country and not in the other, it doesn’t mean that the product in question can’t grow or perform well in both countries.
The International Business List is one of the most reputable lists that is available. It can be downloaded free from the Internet and is regularly updated. It is a good source for getting an idea of how well a particular industry performs in different countries.
You will need to look into the various different types of data available, though. In particular, you need to look at the income levels of different types of workers in each country, and whether or not the average wage for those workers is greater or lower in different countries.
It is also important to compare countries, as there are some countries that have lower wages for their workers than others. In fact, many of the countries listed as the world’s largest industries by revenue do have much lower wages than the average wage in other countries. In addition, countries with high wages tend to have fewer workers in industries that perform poorly.