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Understanding Business Dynamics: An Integrated Data System for America's Future
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The mix and character of businesses in the United States have changed dramatically over the past 30 years. The economy is more integrated and interdependent globally; it has become much less reliant on the manufacturing sector; and new technologies have transformed the nature of work. These transformations have resulted in a highly dynamic economy with outcomes varying over time by sector, region, and segment of society. Business firms, as well as the one or more establishments that comprise them, are constantly changing, with the people who start and run them frequently reinventing their careers. The pace of establishment entry and exit is rapid, especially in the expanding service sectors—additional flux in the economy is created as companies reorganize through mergers, acquisi- tions, and divestitures. Moreover, it has become more difficult to classify a business as manufacturer, wholesaler, or retailer. Even the physical location of business activity has become more difficult to track, as information technology permits key inputs for some industries to electronically connect into the production process from anywhere in the world. The blurring of boundaries implies that measuring business activity increasingly requires tracking the connection between employers, employees, and independent entities.
John Haltiwanger, Lisa M. Lynch, and Christopher Mackie - Personal Name
0-309-66930-8
NONE
Business Policy and Strategy
English
2007
1-201
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