The U.S. Information Economy: Value, Employment, Industry Structure, and Trade
Abstract
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.
Description
The article of record as published may be located at http://dx.doi.org/10.1561/0200000013
Rights
This 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.Collections
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