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Technology and Global Industry
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In the last decade it has become increasingly clear that the character of the world economy—and the role of the United States in the world economy—is changing. Two characteristics of global economic change are particularly important. First, over the last 35 years there has been substantial relative growth (in pan simply postwar reconstruction) of national economies in Europe and Asia. In the years immediately following World War II the United States dominated world economic affairs, but the U.S. economy is no longer singularly important in the world economy. The United States is now only one element, albeit still a large one, in an increasingly global economy. The second important change derives, in pan, directly from the increasing relative industrialization of other national economies. The growth of other national economies has allowed production and distribution to become increasingly transnational. For a variety of products, fabrication, assembly, distribution, and maintenance activities are organized in such a manner that information, funds, materials, components, final products, and people cross national boundaries as pan of everyday commerce. The same is true for service industries, though probably to a lesser degree. Technological advances have played a central role in this economic and technological integration. In particular, technological advance has decreased the relative price of communication and transportation and increased the capacity of transnational systems carrying information, goods, and people.
NATIONAL ACADEMY PRESS - Organizational Body
0-309-55501-9
NONE
Technology and Global Industry
Business Policy and Strategy
English
Academic Press
Washington
1-281
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