Per an Associated Press article in the 12-29-2010 MDJ (A1), since sales in international markets are growing twice as fast as US domestic sales, demand overseas creates jobs overseas. Reportedly 1,4 million jobs overseas compared with about 1 million here in the US.
This has resulted in all but 4 of the top 500 US corporations reported profit for 2010 and half the revenue for S&P 500 companies came from outside the US.
Also, it seems that the production of many products moved to overseas facilities aren't returning to the US.
China became the world's second largest economy.
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