High-technology and globalization are arguably the two most
important forces driving the US economy today. This book analyzes
how they interact and the implications of that interaction. The
methodology applies data and statistical analysis to determine the
impact of these forces over a broad spectrum of the US economy. Key
topics addressed include why the US economy runs a continuing trade
deficit in manufactured high-tech goods, why high-tech firms
steadily lose manufacturing jobs, while creating professional jobs,
and why high-tech industries rely on foreign outsourcing for much
of their manufacturing.
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