Economic Transformation

In: The annals of the American Academy of Political and Social Science, Band 488, Heft 1, S. 9-17

Abstract

In this article, the author argues that the 1970s and early 1980s mark the ascent of a new economic era characterized by the rise of services, the widespread diffusion of computerized technology, the emerging role of small firms, and increasing internationalization. Some implications of these changes for the location of economic activities are suggested. Policy directions are then highlighted, including the need to develop human resources, to develop the new technological infrastructure, to develop the new economic infrastructure of service firms, to promote the new world of work, and to help workers at risk.