atlantic basin initiative center for transatlantic relations
TRANSCRIPT
Atlantic Basin InitiativeCenter for Transatlantic Relations
Behind the Emerging Atlantic Basin…
Trade / Investment ties remain strong between the U.S. and Europe but both parties need new avenues of growth.
Latin America & Africa represent new, largely untapped markets for US/EU multinationals.
The global premium on global resources has lead many multinationals to LA and Africa.
Greater economic reform, political stability and improving finances have converged to make LA and Africa more Atlantic investment locations.
The rising middle classes of LA and Africa represent a new source of global supply (workers) and demand (consumers).
Greater Global Engagement: Why Africa?
Significant / Accessible source of global commodities.
Improving physical infrastructure, facilitating more cross-border trade and FDI.
Rising middle classes, triggering more demand for Western goods / services.
Annual economic growth rates well ahead of developed nations.
New source of demand / supply for stagnant Europe, struggling U.S.
Reduced conflicts in many states, along with more political, economic and institutional reforms.
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
50
100
150
200
250
300
350
European UnionSouth AmericaAfrica
Source: IMF DOTSData through December 31, 2011.
North America Goods Exports by Region(Billions of US Dollars)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
50
100
150
200
250
300
350
400
450
500
European UnionSouth AmericaAfrica
Source: IMF DOTSData through December 31, 2011.
North America Goods Imports by Region(Billions of US Dollars)
0
50
100
150
200
250
300
350
400
450
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
North America
Africa
South America
Source: IMF DOTSData through December 31, 2011.
EU27 Goods Exports by Region(Billions of US Dollars)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
50
100
150
200
250
300
350
North America Africa
South America
Source: IMF DOTSData through December 31, 2011.
EU27 Goods Imports by Region(Billions of US Dollars)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
20
40
60
80
100
120
140
160
European UnionNorth AmericaSouth America
Source: IMF DOTSData through December 31, 2011.
Africa Goods Exports by Region(Billions of US Dollars)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
20
40
60
80
100
120
140
160
180
European UnionNorth AmericaSouth America
Source: IMF DOTSData through December 31, 2011.
Africa Goods Imports by Region(Billions of US Dollars)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
20
40
60
80
100
120
140
160
180
200
North AmericaEuropean UnionAfrica
Source: IMF DOTSData through December 31, 2011.
South America Goods Exports by Region(Billions of US Dollars)
0
20
40
60
80
100
120
140
160
180
200
220
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
North America
European Union
Africa
Source: IMF DOTSData through December 31, 2011.
South America Goods Imports by Region(Billions of US Dollars)
Source: UN Service Trade Statistics DatabaseNote: % of World Share excluding intraEU27 trade
Services Exports
JHU SAIS Center for Transatlantic Relations
Source: UN Service Trade Statistics DatabaseNote: % of World Share excluding intraEU27 trade
Services Imports
JHU SAIS Center for Transatlantic Relations
JHU SAIS Center for Transatlantic Relations
JHU SAIS Center for Transatlantic Relations
South America Central America Africa Caribbean Asia and Pacific0
10
20
30
40
50
60
21.4
8.4
5.1
54.8
41.4
Source: BEAData through December 31, 2011.
US FDI Outward Flows(US Direct Investment Abroad 2011 Billions of US Dollars)
South and Central Amer-ica
Caribbean Africa EU-270
20
40
60
80
100
120
7.111.2
2.1
106.9
Source: BEAData through December 31, 2011.
US FDI Inward Flows(Foreign Direct Investment in the US 2011 Billions of US Dollars)
3.6
19.9
21.3
25.9
0
5
10
15
20
25
30
Caribbean ACP States North America Africa South America
Source: EurostatData through December 31, 2010.
EU FDI Outward Flows(Outward FDI in Billions of EUR)
2.9 3.5
9.2
68.8
0
10
20
30
40
50
60
70
Caribbean ACP States Africa South America North America
Source: EurostatData through December 31, 2010.
EU FDI Inward Flows(Inward FDI in Billions of EUR)
0
100
200
300
400
500
600
700
800
Middle East South & Central America
North America Europe* Africa Asia Pacific**
* Includes Europe and Eurasia** Includes Australia, Brunei, China, India, Indonesia, Malaysia, Thailand, Vietnam, Other Asia PacificSource: BP Statistical Review of World Energy 2012Data through December 31, 2011.
Global Proved Oil Reserves(Thousand Million Barrels)
North America Portfolio InvestmentMoney
JHU SAIS Center for Transatlantic Relations
EU27 Portfolio InvestmentMoney
JHU SAIS Center for Transatlantic Relations
Africa Portfolio InvestmentMoney
JHU SAIS Center for Transatlantic Relations
Latin America Portfolio InvestmentMoney
JHU SAIS Center for Transatlantic Relations
Caribbean Portfolio InvestmentMoney
JHU SAIS Center for Transatlantic Relations
South & Central America 39.9%
North America 26.6%
Europe* 17.3%
Africa 16.2%
* Includes Europe and EurasiaSource: BP Statistical Review of World Energy 2012Data through December 31, 2011.
Proved Oil Reserves in Atlantic Basin
JHU SAIS Center for Transatlantic Relations
39.06%
3.72%
18.51%
1.40%
6.86%5.45%
16.38%
2.57%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
North America
South America
EU 27 Africa Japan China Asia* Oceania
Source: BloombergData through September 6, 2012* Excludes Japan & China
World Market Cap - by region(Percent of Total Market Cap)
Source: UNODC World Drug Report(2010)
Cocaine Flows in Atlantic Basin (tons)
JHU SAIS Center for Transatlantic Relations
68.4
53.4
40.7
32.529.1
25.5
12.4
0
10
20
30
40
50
60
70
80
Europe The Americas CIS* World Arab States Asia & Pacific Africa
* Commonwealth of Independent StatesSource: International Telecommunication UnionData through December 31, 2011
Internet Subscribers by Region(Per 100 Inhabitants)