Louisiana-USA

United States has the second largest GDP in the world of 14,660 billion dollars and a per capita GDP of $48,100. The country is without a doubt the most important player in the global economy today because of its markets diversity, purchasing power as well as the most advanced technological market. Firms in the United States enjoy a greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products.Louisiana itself is a fantastic state because of its combination of all important cultural elements within the United States. Having a multicultural, multilingual heritage the historical background includes influences from a mixture of French, Spanish, Native American and Africa cultures that gives Louisiana’s diverse and unique culture.

Tourism is one of Louisiana’s biggest industries. Louisiana has very safe and developed cities that make tourism safer and more hospitable. It is well known for its rich history and famous events like Mardi Gras, its landmarks and stunning original architecture, and the states unique swamp like climate and geographic location.Food and agriculture in Louisiana is not only a fairly large economic sector and a staple of the Louisiana culture, but another reason for tourism. The state is home to many world renowned restaurants and highly credited chefs that attract food enthusiasts.Louisiana has the greatest concentration of crude oil refineries, natural gas processing plants and petrochemical production facilities in the Western Hemisphere. The state is a pioneer in oil exploration and mining techniques that are used worldwide today. 25% percent of the USA’s exports shipped by boat are brought into Louisiana’s five major ports. Louisiana’s ports are the United States most inland ports.

Louisiana has a diverse emerging economy that includes an advanced manufacturing base, growing biotech/life sciences and pharmaceutical sector, an emerging technology sector, a creative film and digital media industry and many others. Development and innovation of a new cellulosic ethanol in Louisiana has potential to provide a cheap, more environmentally friendly type of fuel. Louisiana made an astounding recovery from the recession (not to mention the natural disaster of hurricane Katrina) and managed to rank as the second best economy for strength during the recession.

Almost solidly Democratic between 1877 and the 1990s, Louisiana has had a more turbulent political climate in recent years. The government is running large fiscal deficits and its finances are unsustainable in the long term without far-reaching reforms. US Treasuries are still seen as the world's primary safe-haven asset, but their short to average maturity will leave the US exposed if borrowing costs rise.

The unemployment rate in the United States was unchanged at 8.3 percent in February of 2012. From 1948 until 2010 the United States' Unemployment Rate averaged 5.70 percent reaching an historical high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953.Job payrolls are monthly and show that work and salaries are inconsistent throughout the year.Louisiana has an unemployment rate of 9.1% with no new job generation. Majority of southern states are in the 9-11% unemployment rate range.

Federal minimum wage rates in 2010: $7.25The need to rebuild household and banking balance sheets and to control public indebtedness could lead to a period of slower than expected growth.

Restoration of the hurricanes after math effected United States tremendously because of reconstruction costs. There is an estimated 200,000 houses destroyed from the storm.

Lack of a skilled workforce in certain knowledge-intensive occupations, including language barriers.The state of Lousiana projects that there will be challenges with a funding, The state already a budget deficit of almost a billion dollars.

Louisiana is one of the most dangerous states in the United States. In 2010 Louisiana is in the rank number 3.

Roughly half the people (50.3%) in the United States live in counties that have unhealthful levels of either ozone or particle pollution. Almost 154.5 million Americans live in the 366 counties where they are exposed to unhealthful levels of air pollution in the form of either ozone or short-term or year-round levels of particles.

In the fiscal year of 2009, the deficit was 1.42 trillion; triple of the previous year's deficit of global debt.In the fiscal year of 2009, the deficit was 1.42 trillion; triple of the previous year's deficit of global debt.

1. Relations with the middle east continue to worsen as corruption and war still exist. The country has an "anti-american atmosphere"2.Fear of US's nuclear power accessibility is prominent and is known across the world. 3.Pakistan and other middle eastern countries have finished their co-operation with United States because of events.

Louisiana leads the nation in the production of salt and sulfur, and it ranks high in the production of crude petroleum, natural gas, and natural-gas liquids.

The United States is Canada's largest trading partner by far. This year, more than 73 percent of our exports of goods and services will be destined to the United States.

The United States made a 12% increase in exports from 2010-2011 for Trade with Canada. A continued estimated growth is expected to be 7-8% for 2012.The US is the 4th highest exporter in the world with exports of 1.511 trillion estimated for 2011In 2010, the New Orleans metropolitan area was the 19th largest export market in the United States,with merchandise shipments totaling $14.0 billion.