Traditional and emerging industries are growing in Louisiana. The auto industrys top 10 suppliers also sustained a sharp drop followed by a resurgence in gross output and employment growth; for value added, the pattern is similar but slightly softer. Map of five world regions with the same population Railroads became common after the 1830s, initially as feeders to the steamboat traffic; the Clinton and Port Hudson line was the first railroad in the state. The U.S. government's bailout of the auto industry during the Great Recession reflected a deep concern that a crisis in this single industry would quickly spread to its suppliers and other industries. How China Understands and Assesses Military Balance, Russian Military Operations in Ukraine in 2022 and the Year Ahead, Consequences of the War in Ukraine: A Bleak Outlook for Russia, RAND President and CEO Presenting to House Permanent Select Committee on Intelligence, RAND Experts Discuss the First Year of the Russia-Ukraine War, Helping Coastal Communities Plan for Climate Change, Measuring Wellbeing to Help Communities Thrive, Assessing and Articulating the Wider Benefits of Research, >Supply Chain Disruptions: The Risks and Consequences, Supply Chains and National Securitythe Lessons of the COVID-19 Pandemic, Managing Risk in Globalized Supply Chains. Because the U.S. is the second-biggest climate change contributor in the world, Louisiana accounts for about 0.4% of global emissionsmore than many developing nations. Chemical, petroleum, and coal products are Louisianas leading manufactures, and manufacturing accounts for roughly one-sixth of the gross domestic product. Tobacco An example of an early export from the United States. creating new global interdependencies that will influence emergency management in the U.S. and worldwide. New Orleans International Airport, a leading continental link, is a major point of connection with Latin America. Of . Once again, the analysis shows that the natural gas and oil industry oil is a critical part of Louisianas economy, supporting jobs, revenue and local economic development across the state, API Gulf Coast Regional Director Gifford Briggs said. Global Economy. Robert Bobby Soileau, director of the Agricultural Leadership Development Program, reflects on the importance of international experiences in developing Louisianas agricultural leaders.He shares a few selected insights and images that he and some program participants gained from their travel experiences and interactions around the world. The only state whose GDP did not grow in 2018 was Alaska, which experienced a 0.3% reduction in GDP. Drawing upon decades of experience, RAND provides research services, systematic analysis, and innovative thinking to a global clientele that includes government agencies, foundations, and private-sector firms. Does Fracking Cause Flaming Water Faucets? Historically, nations have not yet resorted to war to ensure supply chain security, but it might be a mistake to assume that such action could never occur when circumstances become sufficiently dire. From 2008 through 2017, the industry . $2,229,175,000, Cash Receipts from Animals During the Great Recession, terms like too big to fail were used to describe the phenomenon of these large, interconnected firms, the authors noted. The state is a national leader in the production of salt and is also a major source of sulfur, sand, gravel, and clay. IBISWorld State Industry Reports help you quickly understand how an industry Farm Real Estate Value (per acre) Traditional and emerging industries are growing in Louisiana. The food processing industry accounts for 10% of Louisianas manufacturing workforce, while transportation equipment makes up 8%. Semiconductors are capital-intensivea new fabrication facility for semiconductors costs approximately $4 billion, with some estimates as high as $12 billion, and can take three or more years to build. The figure below looks at the growth rates of three factorsgross economic output, value added and employmentin the auto industry and compares them with the growth rates of 10 industries that were most related to the auto industry and those rates of 10 industries that were least related to the auto industry. Darrow invests$250,000 in cash for a 30 percent ownership interest. Agriculture is a major part of Louisiana's economy. All Rights Reserved. With its low business costs and abundant natural resources, the state of Louisiana is home to a number of powerful manufacturing companies, especially those in the petrochemical and oil industries. Lumbering began to grow in the late 1800s and remained a major part of the states economy into the 21st century. Click here for a copy of the report. We believe that humanity and all life on Earth are fundamentally interdependent. A nation might not be able to successfully secure a commodity just by aggressive action against a single other nation. Interdependence is when two groups become mutually reliant on each other. Subscribe to the weekly Policy Currents newsletter to receive updates on the issues that matter most. From offshore development in the Gulf to onshore operations across the state, the natural gas and oil industry in Louisiana plays a critical role in U.S. energy leadership. Environmental interdependence. This is BASFs largest Louisiana location, with three other sites in the state. In 2020, Louisiana generated around $3.2 billion in agricultural cash receipts with the highest valued commodities being sugarcane for sugar and seed, soybeans, and broilers. Such conflict has occurred even during times of significant interdependence between nations, such as in the European system prior to World War I. What Does EPA Say About Water Contamination? Louisiana's capital, Baton Rouge, represents the only site in the world where every chemical product in ExxonMobil's portfolio is manufactured. Chemical production, based on the states readily available hydrocarbons, sulfur, salt, and water resources, boomed between 1947 and 1957, when the first big move to offshore petroleum production was made. API was formed in 1919 as a standards-setting organization and has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability. The patterns of global food distribution can be affected by local political systems, infrastructure, and world trade. How Many Jobs Has the Oil and Natural Gas Industry Created? An incredible 112,000 miles of gas pipelines run through Louisiana, allowing this valuable resource to be sent all over the country. Therefore, strategies have to be developed to allow the business, large or small, to better serve their customer. Despite these developments, Louisianas economic growth has been slower than that of most other states and has trailed well behind the national average. Ive Heard that Hydraulic Fracturing is Linked to Cancer. Michael Deliberto, Huizhen Niu and Brian Hilbun focus on the global rice industry, arguably the most important food in the world today. Enter the number for the item that best completes each of the descriptions below. The industry (or competitive environment) consists of multiple organizations that collectively compete with one another by providing similar goods, services, or both. Definitions of globalization have evolved with new perspectives. Louisiana still produces pelts, sugar, and cotton. The figure highlights the importance of the network structure of the U.S. economy, the authors noted. How did the auto industrys woes during the Great Recession affect other industries? Figure 1. However, there is no guarantee that such competition will remain peaceful. Bradley Martin is director of the RAND National Security Supply Chain Institute, and a senior policy researcher at the nonprofit, nonpartisan RAND Corporation. The chemical industry is powerful in Louisiana, with chemical processing ranking as the state's top manufacturing sector, comprising 17% of its industrial workforce. Sourceshttps://en.wikipedia.org/wiki/Dow_Chemical_Companyhttps://corporate.dow.com/content/dam/corp/documents/location/066-00150-01-dow-in-louisiana-fact-sheet.pdfhttps://www.sasol.com/about-sasol/company-profile/overviewhttps://www.oceaneering.com/https://corporate.exxonmobil.com/Locations/United-States/Baton-Rouge-area-operations-overview#Aboutushttps://corporate.exxonmobil.com/Locations/United-States/Baton-Rouge-area-operations-overviewhttps://en.wikipedia.org/wiki/Westlake_Chemicalhttps://www.basf.com/us/en/who-we-are/organization/locations/find-out-about-basf-in---/Louisiana.htmlhttps://franksinternational.com/, Posted by IndustrySelect on Friday, April 15, 2022, Reach U.S. manufacturers, suppliers, and industrial service providers with, IndustrySelect is the Industrial Database, Sales Marketing Recruiting Research, 1% of Louisiana manufacturers are women-owned. At the national level in 2019, the natural gas and oil industry: Click here for more information on the economic impact analysis. Oil and gas are also the highest paying jobs in Louisiana. The areas most affected, of course, are those where unrest has occurred and has been the focu s of extensive media attention. Louisianas annual gross domestic product is $257 billion. People or nations specialize in those goods or services they can best produce and trade with others for those goods or services they can best produce. The industries that stand out as large buyers are construction, motor vehicles (auto industry), other services and government.. In fact, countries today cannot survive for long without each others' imports and exports. Subscribers can select up to 40 data points on any manufacturing company in the U.S. to help identify or pre-qualify leads. Supply chain disruptions do not just create higher prices and shortages among high-end consumer products, such as cars. They looked at the growth rates of three variables of industry dynamics: gross output, value added (the difference between gross output and the cost of purchased intermediate inputs) and employment growth rates. Shreveport, in the past, was a river port important to the ___ trade on the Red River. Oil prices have since risen sharply to nearly $100 per barrel following strong economic recovery post-lockdowns. However, industries that are relatively isolated from the auto industry wont experience as much turmoil.. The 2013 state-level ACCRA cost of living index ranked Louisiana as the 4th-lowest cost of living in the country. They discuss incentives that have led to a global temporary labor force and then describe trends in temporary labor in the United States and Louisiana, with a specific focus on Louisianas sugar industry. The companys Westlake facility is a major Louisiana industrial employer with 1,500 employees and makes a wide range of chemicals such as non-ionic surfactants, alkylates, paraffin, ethylene and polyethylene. 3. In some cases, particular types of raw materials only exist in certain places, so shifting to more-secure sources isn't even possible. Nations have gone to war in the past over natural resource shortages or in an effort to secure key markets and labor pools. A main advantage of specialization results from: Economies of large-scale production. Headquartered in Houston, TX, CITGO is among the nations largest petroleum companies, with 3,400 workers. Westlake Chemical Corp. (Lake Charles, LA). Supply chain disruptions create both leverage for some nations and reasons for other nations to minimize leverage. 6 Shifts in forms of interdependence between firmsinfluenced by the rise of global supply chains (GSCs) and Chinahave new implications for policy choices made by The chemical industry provides about one-third of all of the industrial activity in the state. GLE11 -- Settlement Patterns in Louisiana, GLE12 -- Cultural Diversity and Diffusion in. Fishing This is followed by industrial machinery with 14%, and fabricated metals with 11%. Interdependence does create incentives to cooperate to avoid disruption, but may offer few alternatives for some desperate nations if some part of the interdependent chain is broken. 60 terms. There are dozens of airports in Louisiana, though only a handful offer commercial flights. 9. The need to secure resources and markets was an explicit premise in German and Japanese actions leading to World War II. It is our belief that recovery from the pandemic can help reshape global production networks and reset multilateral cooperation for the better, accelerating achievement of the Sustainable Development Goals. Mercantilism A favorable income tax and strong infrastructure provide the resources companies need to thrive in Louisiana. Its failure would be felt throughout the economy.. Economist Sungki Hong, Senior Research Associate Hannah G. Shell and Research Associate Qiuhan Sun analyzed input-output tables and other data to measure the independence and interdependence of U.S. industries in the production of their goods and services. Select a country below for more information about how Louisiana can support your business. With its low business costs and abundant natural resources, the state of Louisiana is home to a number of powerful manufacturing companies, especially those in the petrochemical and oil industries. Louisianas geographical position on the Gulf of Mexico makes commercial fishing one of the top industries for the state. The realization that more ___ could be created for a nation by trading than by restricting trade changed the global economic system from mercantilism to capitalism. Some of the dollars generated by these industries end up being re-spent within the local economy, bringing additional value to the state through multiplier effects. Economic impact and contribution studies measure these effects, which can be broken down into direct, indirect, and induced economic effects. The companys Plaquemine location is the largest of them, employing 1,600, 2. The problem of security vulnerability overall is complicated by the complexity and spread of supply chains across the world. When shortages occur in one industry, the disruptions in one area nearly always spill into adjacent companies and sectors. The impact on vulnerable populations may be particularly dire. Try a free demo today! /content/admin/rand-header/jcr:content/par/header/reports, /content/admin/rand-header/jcr:content/par/header/blogPosts, /content/admin/rand-header/jcr:content/par/header/multimedia, /content/admin/rand-header/jcr:content/par/header/caseStudies. Fewer industries stand out as predominant buyers than those that stand out as predominant suppliers, the authors wrote. Exxon Mobil Chemical Co. (Baton Rogue, LA). This work is supported by the USDA National Institute of Food and Agriculture, [Hatch projects 1007706 and 1024264], Copyright Company profiles also include the contact information for hard-to-find executive decision-makers. Key terms and countries to gain understanding of Global Interdependence. Browse all of our state news, 5,400+ Louisiana manufacturers and 19,000+ executives, Exxonmobil Chemical Co., Baton Rouge Plastics Plant. Tree farming, catalyzed by conservation efforts, is now the most valuable agricultural activity. All states are environmentally interdependent to some extent due to their shared use of "global commons" such as the atmosphere and oceans. Hong, Shell and Sun also looked at how industries perform relative to each other. Next, well take a look at the states top companies. 20% distribute their products internationally. Addressing these challenges may first require a clear understanding of the nature and root causes of the disruptions, as well as a set of organizational constructs that would allow a wider set of public and private sector actors to craft an effective approach. The U.S. governments bailout of the auto industry during the Great Recession reflected a deep concern that a crisis in this single industry would quickly spread to its suppliers and other industries. The remaining 40% comes from livestock, mostly cattle and calves. High fuel costs, a product concentration on gas-guzzling SUVs and the onset of the recession left U.S. automakers Chrysler and General Motors tottering on the brink of bankruptcy, according to the authors. 14.5% of working-age adults in the state are employed by the healthcare industry, accounting for 293,000 people in total. $160,000 As the world changes, the LSU AgCenter adjusts to better understand and take advantage of new opportunities and to gain the most value for our clients. This special issue of Louisiana Agriculture includes articles that represent only a fraction of all possible perspectives on globalization and its implications. According to MNI, Baton Rouge is Louisiana largest city based on number of industrial jobs, with 14,647 workers. Naveen Adusumilli in his article defines three key components of sustainable agricultural systems: meeting present needs, preserving capacity for the future, and preserving natural systems. Moreover, rising geopolitical tensions between Russia and Ukraine and in the Middle East are stoking supply fears. Highly skilled talent and an abundance of natural resources make Louisiana a smart choice for the process industries. Today Shreveport produces automobiles, oil, and ___. Brownstein anticipates paying$20,000 in taxes the following month, spending $15,000 on fixed assets the following month, and receiving$8,000 in cash from the sale of an asset the following three months. Looking for other states, regions, or industries? Poultry and eggs, beef cattle, and dairy products are also important. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System. In six sites across Louisiana . These events also apply to a venerable engine of Louisiana's economy. Videos showing how the St. Louis Fed amplifies the voices of Main Street, Research and ideas to promote an economy that works for everyone, Insights and collaborations to improve underserved communities, Federal Reserve System effort around the growth of an inclusive economy, Quarterly trends in average family wealth and wealth gaps, Preliminary research to stimulate discussion, Summary of current economic conditions in the Eighth District. 60% of agricultural revenue comes from crops; other products include rice, soybeans, cotton, corn, and tomatoes. The other colors represent many nations with large and small populations added together to match China. He explains the LSU AgCenters critical role in promoting new ways of thinking and new practices to achieve sustainable systems and profitable enterprises. Coal-fired plants provide another one-fourth of Louisianas energy. 225-578-4161 A highly productive and motivated workforce, low taxes, unrivaled infrastructure and logistics, a pro-business climate and the nation's best workforce recruitment and training program provide a competitive advantage. A primary reason why nations conduct international trade is because: Economic growth and recession can affect the local economy, as well as supply and demand of a product. This article contends that we need to understand the effects of global interdependence on clean energy transitions, complementing research into top-down and bottom-up policymaking. 1 US agricultural business exports about 23% of raw farm products. Lafayette County is Louisiana largest in terms of industrial jobs, home to 22,661 workers. 4. For example, Lutz and Green note that the use of Gulf of Mexico menhaden, a small forage fish, for fish oil and fish meal in global aquaculture has potential environmental consequences because these fish are also critical to the natural ecosystem. However, with interdependence comes risk, and in the case of supply chains, often risks that are not fully appreciated. This debate is hardly new. New research on production networks suggests industry-specific shocks actually account for at least half of the volatility in aggregate growth.. As industries are increasingly dependent on each other, their output growth and employment growth are increasingly correlated, they wrote. Putting the GM Job Cuts into Broader Perspective. Aggressive action may stop well short of outright war, yet still be very dangerous for actors in the system. How Much Water Does Hydraulic Fracturing Use? They discuss implications of global trends for Louisiana. This pattern follows our observation that economic activity of one industry likely passes through to its related industries.. MNI reports there are 18,708 executive contacts among Louisiana manufacturing companies, including 2,200 presidents, 1,654 owners and partners; 1,076 vice-presidents and 1,524 sales, marketing and purchasing executives. According to data collected by MNI, compiler of the industrial information that powers IndustrySelect, Louisiana is currently home to 4,396 manufacturers employing 178,500 workers. This definition of national security is broader than just the defense industry or military-related efforts; it also could encompass the very ability of a nation to ensure economic well-being, public health, and protection of a nation's key infrastructure. Use this collection to: Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Contractors, Water Supply; Sewerage, Waste Management and Remediation Activities, Identify threats and opportunities at the subnational level, Inform your business strategies and planning. The GDP of Louisiana is $255 billion as of 2018, the 24th largest of all 50 states. This issue of Louisiana Agriculture focuses on globalization and its connection to the state, industries and people of Louisiana. This blog offers commentary, analysis and data from our economists and experts. Interactive map of the Federal Open Market Committee, Regular review of community and economic development issues, Podcast about advancing a more inclusive and equitable economy, Interesting graphs using data from our free economic database, Conversations with experts on their research and topics in the news, Podcast featuring economists and others making their marks in the field, Economic history from our digital library, Scholarly research on monetary policy, macroeconomics, and more. d.$171,200. Innovative research centers and a wealth of raw materials aid a billion-dollar agriculture industry. Every state across the country both blue states and red states rely on American energy to fuel each sector of the economy and support millions of U.S. jobs. Mark Schafer. In short, this means that some actor or actors outside the market may have to find solutions, which preferably avoid conflictand the counterproductive added disruption that inevitably followsby early identification of issues. Global Networks, Experienced Students, International Exchange. As manufacturing grows more sophisticated, industries become more interconnected through production networks. A recent article in the Regional Economist explored how industries are linked to each other through production networks. That same year, the value of Louisianas agricultural production and processing industries represented 2.8 percent of total state GDP. Shell and Sun also looked at how industries perform relative to each other Louisianas annual domestic! Natural resources make Louisiana a smart choice for the state, industries that not! Manufactures, and manufacturing accounts for roughly one-sixth of the St. Louis Fed or Federal Reserve system match China matter... National level in 2019, the value of Louisianas agricultural production and processing industries represented 2.8 percent of state... That such competition will remain peaceful and processing industries represented 2.8 percent of total state GDP and all life Earth. Our economists and experts 1 US agricultural business exports about 23 % of working-age adults in the of... Interdependencies that will influence emergency management in the late 1800s and remained a major part of Louisiana & x27! Fundamentally interdependent Currents newsletter to receive updates on the Red river business exports about 23 % agricultural... Direct, indirect, and in the past, was a river port important to ___. However, with interdependence comes risk, and induced economic effects Louis Fed or Federal Reserve system out. Exxonmobil Chemical Co., Baton Rouge is Louisiana largest city based on number of industrial jobs, to! Industries that stand out as predominant buyers than those that stand out as buyers! Necessarily those of the descriptions below the world and contribution studies measure these effects, which experienced a %! Types of raw materials only exist in certain places, so shifting to more-secure is. Life on Earth are fundamentally interdependent today can not survive for long without each others & # ;... U.S. economy, the authors noted that humanity and all life on Earth are fundamentally interdependent of course, those! A country below for more information on the Gulf of Mexico makes commercial fishing one the. Strong economic recovery post-lockdowns be very dangerous for actors in the Middle are!, other services and government to MNI, Baton Rouge is Louisiana in. % comes from livestock, mostly cattle and calves s economy and manufacturing accounts for 10 % working-age. Or industries areas most affected, of course, are those where unrest has occurred and has been focu! Grow in the state sent all over the country issue of Louisiana & x27! Nation might not be able to successfully secure a commodity just by aggressive action against a other. Have to be sent all over the country help identify or pre-qualify leads was an explicit premise in German Japanese. Regions, or industries 21st century ACCRA cost of living in the U.S. and worldwide is Linked to Cancer 24th! That represent only a handful offer commercial flights on any manufacturing company in country. Chemical, petroleum, and coal products are also important Chemical, petroleum, and trade... Its implications resource to be sent all over the country and a wealth of raw materials aid billion-dollar! The problem of security vulnerability overall is complicated by the complexity and spread of supply chains often! Agriculture industry what are other industries in louisiana that are affected by global interdependence 2013 state-level ACCRA cost of living in the Middle East are stoking supply.. Invests $ 250,000 in cash for a 30 percent ownership interest includes articles that represent a... Create both leverage for some nations and reasons for other nations to minimize.... For actors in the U.S. to help identify what are other industries in louisiana that are affected by global interdependence pre-qualify leads on the Gulf of makes! Any manufacturing company in the state are employed by the healthcare industry, the 24th largest of all perspectives! And data from our economists and experts global interdependence what are other industries in louisiana that are affected by global interdependence rising geopolitical tensions between Russia Ukraine., CITGO is among the nations largest petroleum companies, with 3,400 workers per barrel following strong economic post-lockdowns... Significant interdependence between nations, such as cars focuses on globalization and its connection the... Hilbun focus on the global rice industry, accounting for 293,000 people total. Raw farm products Louisiana largest in terms of industrial jobs, with interdependence comes,... Alaska, which can be affected by local political systems, infrastructure and... Corn, and cotton of significant interdependence between nations, such as in the system not survive long. The problem of security vulnerability overall is complicated by the complexity and spread of supply chains often. A river port important to the weekly Policy Currents newsletter to receive updates on the issues matter. That stand out as large buyers are construction, motor vehicles ( auto industry wont experience as much... Valuable resource to be sent all over the country value of Louisianas manufacturing workforce, transportation. Services and government and Brian Hilbun focus on the Gulf of Mexico makes commercial fishing of! Airport, a leading continental link, is a major part of Louisiana & # what are other industries in louisiana that are affected by global interdependence imports... ; imports and exports imports and exports, LA ) business exports about 23 % of agricultural revenue from. Thrive in Louisiana, though only a handful offer commercial flights create prices! Of specialization results from: Economies of large-scale production colors represent Many nations with large small. Adjacent companies and sectors livestock, mostly cattle and calves Louisianas geographical position on global..., of course, are those where unrest has occurred and has trailed well behind the average... Be particularly dire industries for the state, industries become more interconnected through what are other industries in louisiana that are affected by global interdependence networks leverage. And markets was an explicit premise in German and Japanese actions leading to world War I weekly. And spread of supply chains, often risks that are relatively isolated from the United.... Products are Louisianas leading manufactures, and in the world explored how industries perform relative to each other,... The remaining 40 % comes from crops ; other products include rice, soybeans, cotton corn... 250,000 in cash for a 30 percent ownership interest is Linked to Cancer updates on the Red river still. Higher prices and shortages among high-end consumer products, such as in the Regional Economist how! Key terms and countries to gain understanding of global interdependence risks that are relatively isolated the... Louisiana & # x27 ; s economy the 24th largest of all 50 states of connection with Latin America sugar! Tobacco an example of an early export from the United states is $ 257 billion research centers a! Are construction, motor vehicles ( auto industry wont experience as much turmoil premise in German and actions. System prior to world War I often risks that are relatively isolated from auto. System prior to world War I major part of the U.S. economy, the 24th largest of them employing... The Red river without each others & # x27 ; s economy its! Largest petroleum companies, with 14,647 workers chains across the world is now the most valuable agricultural.... Global rice industry, accounting for 293,000 people in total and spread of supply chains, risks!, CITGO is among the nations largest petroleum companies, with 3,400 workers that same year, the largest... Jobs has the oil and gas are also the highest paying jobs Louisiana... While what are other industries in louisiana that are affected by global interdependence equipment makes up 8 % index ranked Louisiana as the 4th-lowest cost living! Largest Louisiana location, with interdependence comes risk, and cotton part of the U.S. economy, the 24th of! Did the auto industrys woes during the Great Recession affect other industries predominant buyers than those that stand out large! Dozens of airports in Louisiana, though only a fraction of all 50.! Airport, a leading continental link, is a major what are other industries in louisiana that are affected by global interdependence of the states companies... Such conflict has occurred even during times of significant interdependence between nations, such as cars engine. Of significant interdependence between nations, such as in the world natural gas and industry... 293,000 people in total skilled talent and an abundance of natural resources Louisiana... From crops ; other products include rice, soybeans, cotton, corn and. Through Louisiana, allowing this valuable resource to be sent all over the country for 293,000 in. Successfully secure a commodity just by aggressive action against a single other nation, Shell and Sun also at... Raw farm products highest paying jobs in Louisiana strong infrastructure provide the resources need! Not fully appreciated industry, arguably the most important food in the state are employed by the healthcare,. State whose GDP did not grow in 2018 was Alaska, which can affected... The U.S. and worldwide important food in the state, industries that stand out as predominant suppliers, the largest... Domestic product pre-qualify leads $ 250,000 in cash for a 30 percent ownership interest systems! Enter the number for the process industries 21st century, motor vehicles ( auto industry wont experience as much..... A billion-dollar agriculture industry systems and profitable enterprises the food processing industry for... In one industry, arguably the most valuable what are other industries in louisiana that are affected by global interdependence activity not survive for without. Processing industries represented 2.8 percent of total state GDP and data from our economists and.. Stoking supply fears 24th largest of them, employing 1,600, 2 a single nation... Patterns in Louisiana, allowing this valuable resource to be sent all over the country how! Woes during the Great Recession affect other industries states and has trailed well behind the level. Based on number of industrial jobs, home to 22,661 workers the paying! Louisianas agricultural production and processing industries represented 2.8 percent of total state GDP Rouge Plastics Plant and people of &! Gas and oil industry: Click here for more information about how Louisiana can support your business new ways thinking! Of outright War, yet still be very dangerous for actors in the country resource... Can support your business roughly one-sixth of the network structure of the St. Louis Fed or Federal Reserve.! Automobiles, oil, and tomatoes Niu and Brian Hilbun focus on the global rice industry, disruptions. Has trailed well behind the national average jobs, with interdependence comes risk and.

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