Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > America’s 9th largest export – Econlib
Economy

America’s 9th largest export – Econlib

Last updated: September 8, 2024 9:31 pm
Share
America’s 9th largest export – Econlib
SHARE

Unpacking America’s Economic Success: A Closer Look at the Blood Industry

When we examine why America stands out as one of the wealthiest nations among developed economies, several factors come into play. One significant aspect is the differences in regulatory frameworks between the US and other countries. Industries like fracking enjoy less stringent regulations in the US, contributing to economic growth. Interestingly, this regulatory variance also sheds light on why human blood has emerged as a leading export industry for America.

Last year, American blood-product exports surged to account for 1.8% of total goods exports, amounting to $37 billion. This growth trend positions blood as the ninth-largest goods export for the country, surpassing commodities like coal and gold. Notably, the US now supplies approximately 70% of the plasma used in medicine production.

Contrastingly, the French government has taken a firm stance against the European blood industry:

The European Parliament’s recent regulations permit compensation for blood donations but restrict advertising references to it and cap payments based on donation time value. While Americans can donate up to 104 times a year, many Europeans face limits of fewer than 30 donations annually. France actively opposed these regulatory changes, expressing concerns about commodifying the human body, citing the existing scenario in the US.

Interestingly, France opts to support the American blood industry through a unique approach:

The French government serves as the sole shareholder in a company owning six plasma centers in the US. These centers remunerate donors, with the collected fluid available for use back in France.

The availability of more blood could potentially save numerous lives, mirroring the situation in the kidney donation sector where even the US prohibits donor compensation. A study conducted by John Dooley and Emily A. Gallagher highlights the positive impact of the blood industry on low-income Americans. Their research indicates that plasma donation helps households manage finances better, reducing the reliance on high-cost debt options.

See also  Laffer Curve in the United Kingdom?

Despite our perceptions of the economy, its vastness and complexity often surprise us. Few would have imagined human blood to rank among America’s top 10 exports. Even industries like residential home building, though significant, do not exert a noticeable influence on the overall economy. The housing market experienced a drastic decline between 2006 and 2007, yet the unemployment rate remained relatively stable.

Recent discussions surrounding large computer chip fabs underline the diversification and resilience of the US economy. While these developments may impact specific sectors, their overall effect on the economy is limited. The sheer size and diversity of the US economy prevent any single industry from wielding substantial influence.

It’s essential to consider various economic indicators and trends to grasp the intricate dynamics of the economy fully. By analyzing different sectors and their interplay, we gain a deeper understanding of America’s economic landscape.

TAGGED:9thAmericasEconlibexportLargest
Share This Article
Twitter Email Copy Link Print
Previous Article Poorer pupils suffer ‘nature gap’ Poorer pupils suffer ‘nature gap’
Next Article The Power of Elevating Others: Steps to Change Your Life for the Better The Power of Elevating Others: Steps to Change Your Life for the Better
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

South Carolina Supreme Court Unanimously Upholds Law Banning Abortion at Point When Heartbeat Can Be Detected |

The South Carolina Supreme Court Upholds Abortion Ban at Six Weeks In a unanimous decision,…

May 17, 2025

Nicole Kidman Supported By Keith Urban At Mother’s Funeral

Nicole Kidman Grieves Mother's Death with Support from Keith Urban Nicole Kidman, the renowned Australian…

October 15, 2024

Andrew Tate And Brother Tristan Under Criminal Investigation

Florida Attorney General James Uthmeier has initiated a criminal investigation into right-wing “manosphere” influencer Andrew…

March 5, 2025

A small plane has crashed in Philadelphia, governor says

By MICHAEL SISAK and MATT ROURKE, Associated PressPHILADELPHIA (AP) — A tragic incident unfolded in…

January 31, 2025

Why each of the Top 10 Super Bowl contenders will (or won’t) hoist the Lombardi in February

The NFL season is right around the corner, and the Kansas City Chiefs are looking…

August 30, 2024

You Might Also Like

This Analyst Just Hiked Their UnitedHealth Stock Price Target by 50%. Should You Buy UNH Now?
Economy

This Analyst Just Hiked Their UnitedHealth Stock Price Target by 50%. Should You Buy UNH Now?

October 10, 2025
Why Is Wolfspeed Stock Soaring Today?
Economy

Why Is Wolfspeed Stock Soaring Today?

October 10, 2025
When Godzilla Breaks Windows
Economy

When Godzilla Breaks Windows

October 10, 2025
Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?