Financing the New Rural Economy
نویسنده
چکیده
The transition to the New Economy accelerated in the last half of the 1990s. Using new economy index measures, one can see that rapid growth in service sector activity from 1990 to 2000, at 45 percent, overshadowed the performance of the nation’s manufacturing sector, at 22 percent (Atkinson and Court). We now live in an economy where 80 percent of all workers do not produce things. Even within the manufacturing sector, the high tech industries’ share of value added in manufacturing increased to almost 25 percent. This fundamental restructuring of our nation’s economy was associated with a sustained period of economic prosperity that only now shows signs of instability.
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