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North Carolina in the Connected AgeChallenges and Opportunities in a Globalizing Economy$
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Michael L. Walden

Print publication date: 2008

Print ISBN-13: 9780807832219

Published to North Carolina Scholarship Online: July 2014

DOI: 10.5149/9780807888742_walden

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. The National Context

. The National Context

The Creation of the Connected Age

(p.1) 1. The National Context
North Carolina in the Connected Age

Michael L. Walden

University of North Carolina Press

This chapter describes the economy in North Carolina, which is influenced by events at the national level. Indeed, because the U.S. economy is so highly integrated in national markets, much of North Carolina's change and development are linked to national trends. For example, national economic expansions and recessions are echoed at the state level by similar booms and busts. In addition, national technological, demographic, and production changes are mirrored at the state level. The chapter sets the national context for North Carolina's economy by tracing the nation's economic development since 1970. This analysis serves as the basis for evaluating North Carolina's economic progress. Although three and a half decades constitute but the blink of an eye in recorded history, life changed more dramatically between 1970 and 2005 than was the case in some earlier centuries. Like never before, people, countries, and economies became interrelated and interconnected.

Keywords:   North Carolina, national level, U.S. economy, national markets, national trends, national economic expansions

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