What is the importance of Economy?
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This section provides information on three groups of indicators commonly used to measure economic well-being and overall capacity for competitiveness. The first group of indicators monitors changes in output and productivity; the second group of indicators focuses on measuring the manufacturing competitiveness, and the third group of indicators provides measures of knowledge economy. Data and indices of change are provided for the U.S. and Mexico with emphasis on Border States. Because the size of economies differs widely among Border States as well as between the U.S. and Mexico, the focus is on relative measures such as Gross Domestic Product per capita or engineering occupations as a percent of total employment.
What is measured?
General indices of economic well-being:
Manufacturing competitiveness indicators include:
- Total manufacturing employment
- Employment in high-tech manufacturing
- Employment in computer & electronic manufacturing
- Employment in aerospace product & parts manufacturing
- Employment in pharmaceutical & medicine product manufacturing
- Employment in Mexico’s IMMEX program
Knowledge economy indicators include:
- Educational Attainment
- Patents issued per capita
- Engineers as % of all occupations
- Life & physical scientist as % of all occupations
- Percent of households with internet access
- Percent of population with high school diploma
- Percent of population with some college
- Percent of population with associate degree or higher
- Percent of population with graduate/professional degree or higher
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