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For Korea, the surplus relative to the United States is $13 billion; for Brazil, $3 billion.
It may be surprising, but high technology is now the largest export sector for developing countries. Information and communications technology accounted for $450 billion worth of exports by developing nations -- compared with $235 billion for resource-based goods and $405 billion for low-tech goods.
Not only does the United States buy hundreds of billions of dollars worth of goods produced by developing nations, it also invests heavily in those countries. Roughly three out of every eight dollars in foreign direct investment in Africa comes from the United States -- more than from any other country (France is second at 18 percent -- less than half as much)...
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