California And World Economy

affair Climate in atomic number 20The country of atomic number 20 has the biggest thriftiness of entirely the states in the USA . With an estimated GDP of 1 .5trillion , atomic number 20 accounts for over 13 of the trillion , the economic system of atomic number 20 is large than a volume of countries in the world and is comparable in size to the economy of Italy or Spain . atomic number 20 s economy is as varied as it is large , having major industries from agriculture (primarily fruits , whacky berries ) in the California Central vale to the world illustrious entertainment constancy based in Hollywood , Los Angeles to the advanced tech effort which was born and elevationd in silicon V all in alley . Computers and electronics (a let recrudesce from movies ) are the biggest exports of California , with amounting to 39 .7 billion , much than 42 of the state s Nearly all the major call in computing and technology receive been a part of te Valley , from Apple to Yahoo . Silicon Valley California is arguably the place to be for people in the computers and electronics industryEven with all of these factors , the problem and restrictive climate in California is considered to be one of the worst conducive to running a companion . Inc magazine ranked California 49th out of all 50 states in its 11th annual slender Business Survival Index released on 2006 . The rankings were based on indemnity-making sympathies related live such as taxes , insurance policy mandates , electricity be and crime rate (Taylor ) This has been a cerebration that has been echoed by many business and industry groups citing the in high spirits costs of running a business as the reason for the drive of companies moving out of California . In a man hearing of the state assembly s Jobs , Economic Development and the saving Committee last 2005 , busin! ess owners and stakeholders painted a dismal picture of the business climate in California .

grappling hook Stephens of Boeing was quoted as saying There are many comparative degree disadvantages when it comes to doing business in California referring to the high costs for workers cede , energy , insurance and health care . Boeing which employs 36 ,000 workers in the state has recently moved increasing amounts of business and duty operations to other states all in the name of cost-cutting (FitzenbergerThe high cost of running a business was one of the cornerstones of Arnold Schwarzenegger s oppose for the g overnorship of the state However there is some concern that Schwarzenegger s stance on reducing regulations might just be unmingled deport . Upon his ascension to the capitol , he immediately froze for six calendar months all unfinished rules in an effort to reduce the regulatory climate for business . Of these 158 frozen regulations , only five have been temporarily halt while the rest were eventually allowed afterward the six month freeze (NissenbaumOn the other hand , the California state government has been able to adopt a equilibrate bud pay off without having to raise taxes . The Legislature has overly put into law Schwarzenegger s workers compensation better bill which reduces the direct costs of businesses by billions of dollars The Governor...If you want to get a wide essay, order it on our website: OrderCustomPaper.com

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