The U.S. Information Economy: Value, Employment, Industry Structure, and Trade
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This study examines the evolution of the United States (U.S.) economy after 1999, extending our previous studies [4, 8] up to 2007. The U.S. economy has moved steadily toward services and information-intensive sectors in terms of Gross National Product (GNP), employment, and wage distribution. Information-intensive services, the nexus of these two major trends, now compose the largest portion of the U.S. economy in terms of GNP value, jobs, and wages. In addition, we study the growth of international trade in services and information sectors, which is likely to become increasingly important in the future. Finally, we examine the factors underlying the shifts observable in the economy and the impact on competition, strategy, and sector structure.
The article of record as published may be located at http://dx.doi.org/10.1561/0200000013
RightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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