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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 Microeconomics of Change

. The Microeconomics of Change

The Remaking of North Carolina's Industries

Chapter:
(p.41) 3. The Microeconomics of Change
Source:
North Carolina in the Connected Age
Author(s):

Michael L. Walden

Publisher:
University of North Carolina Press
DOI:10.5149/9780807888742_walden.6

This chapter shows how the economic forces of the Connected Age have profoundly affected individual North Carolina industries. Some industries have prospered during the age, while others have struggled. Here, the focus shifts to the individual industry level, tracing trends in each of the state's major industries in terms of output, employment, and productivity. The chapter examines how each industry has been affected by and reacted to the Connected Age, with the goal of evaluating long-term prospects as the era proceeds. North Carolina's traditional industries are furniture, lumber, and paper; textiles and apparel; tobacco products; and agriculture. These industries have become a smaller part of the North Carolina economy during the Connected Age. The first section of the chapter considers factors specific to each industry and to industry prospects in the next decades.

Keywords:   economic forces, Connected Age, North Carolina industries, individual industry level, long-term prospects

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