Trade statistics look at value, not value-added, so they include a lot of double counting as parts move across borders and back.
Behind this, says Mr Spence, is the trend of American multinationals to keep the highest value-added activities at home while shifting lower value-added activities, such as manufacturing, abroad.
If they then start to actually use that investment in some productive way that pays wages and earns a profit, then they start to generate additional value-added from that activity, and that value-added continues to be created as long as they keep doing that productivev activity.
Moreover, there appears to be another stratagem that exporters extensively used in December, the round-tripping of goods through special trade areas and bonded warehouses to earn substantial value-added-tax rebates.
EMC, which sold some of its low-value storage to Dell and has been buying value-added analysis companies, is off 0.17%.
The new policy is designed to boost income for the government (though the value isn't known yet) and create better jobs, especially high-tech manufacturing jobs that produce value-added tax revenue--not low-cost textiles.
According to a growing body of research, somewhere between one-third and one-half of the value of U.S. imports from China is actually Chinese value-added.
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More than that, fashion is just the sort of thing Britain is supposed to be good at in this post-industrial age: creative, high-value-added, cluster-based.
Now, China, Korea, a whole bunch of Asian nations would love to import some high-value-added, high-tech stuff that could create huge numbers of jobs here in the United States.
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For an enterprise to get maximum value from M2M, the ecosystem needs to come together to package their value-added services into an application that is simple-to-use and seamlessly integrates all the components in the background.
But the year-on-year increase in the British retail-price index was just 3.5% in January and even that number was pushed up by higher rates of value-added tax, a home-grown factor.
The final sign of a turnaround, which I call "long-term value creation, " occurs if and when the country's leaders seriously address long-term competitiveness issues: quality of products, value-added component of exports, acquisition of state-of-the-art technology and educational reforms.
Finally, as you define your value-added and unique position, you must understand your value.
An ESCO provides energy-efficiency-related and other value-added services and for which performance contracting is a core part of its energy-efficiency services business.
China already dominates both production and capacity at the low-value-added assembly end of manufacturing.
Now, they can focus on more qualitative, value-added commentary that humans are inherently good at.
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By the same logic specialized market researchers and management consultants may have a similar value-added.
In simple terms, economic value-added is almost entirely defined by the sum of wages and profits.
But it has already said it will vote against a budget that raises value-added taxes.
It is moving out of its old traditional sectors and into newer, value-added, and high-tech ones.
Down-stream commercial and value-added activities development of farming, wood products, and fisheries industry communities.
The push is still in focusing on comparative advantage, doing the value-added thing you do best.
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Advisors must continue to strive to differentiate themselves and clearly articulate their value-added proposition.
It also cut social-security contributions, partly making up the shortfall with higher value-added tax.
Those are the companies that are likely to be at the forefront of Chinese value-added overseas.
Retailers will continue to be important and, for more complex solutions, we will use value-added resellers.
And more U.S. value-added occurs at the end stages in logistics, retailing, and after-market servicing.
Value-added metrics wind up punishing perfectly good but not spectacular schools with above-average student bodies.
Another key start-up ingredient that is in ample supply in Menlo Park is value-added capital.
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