Technology and the Economy
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View the following video:
http://www.youtube.com/watch?v=DhUtwDI5rXI
The video suggest that the U.S. has transformed from an industry-based economy to a service-based and information-based economy. After you have reviewed the above resources, respond to the following questions in several paragraphs:
- What evidence supports this contention?
- What risks are there for a country that is primarily a service or information-based economy?
- How can such a country guard against those risks? Provide both a compelling argument for your ideas and examples.
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