Evolution of the Structure of the American Economy

A. Porokhovsky

Voprosy Ekonomiki, 2005, issue 11

Abstract: The author pays special attention to the USA leading positions in the world economy. The basic significance of traditional industries, first of all manufacturing, in the structure of the American economy and its evolution are underlined. The article analyzes in detail the increasing role of services including finance. Information technologies create new economic structure and new quality of economic growth. A reader learns from the article about sustainable reproduction role of business cycle in the past and present.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2005:id:1528

DOI: 10.32609/0042-8736-2005-11-84-96

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