CONTENT STATEMENT
Improved global communications, international trade, transnational business organizations, overseas competition, and the shift from manufacturing to service industries have impacted the American economy.
CONTENT ELABORATION
The American economy has been impacted by many influences since the early 1990s. Global technology has increased communication through the use of the:
- personal computer;
- Internet and social media; and
- mobile phone.
- International trade, transnational business organizations, and overseas competition have challenged American producers and local communities, the effects of which have led to:
- a decrease in manufacturing jobs and closing of plants;
- a shift from a manufacturing industry toward a service industry;
- growth in lower-paying jobs;
- growth of information technology jobs; and
- an increase in the U.S. trade deficit.
EXPECTATIONS FOR LEARNING
Analyze how the American economy has been impacted by improved global communications, international trade, transnational business organizations, overseas competition, and the shift from manufacturing to service industries.