Great divergence within american economy

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1. In the New Geography of Jobs, Professor Enrico Moretti examines newly emerging trends within the American economy. What is the primary observation made Professor Moretti? How does he explain the relationship between the new American economy and geography?

2. Professor Moretti described the Great Divergence within the American economy. Explain the origins of this divide. Which geographic regions are most impacted? Which demographics are impacted most? What is the role of globalization in reinforcing this divide?

3. How does the innovation and knowledge sector contrast to that of the manufacturing sector? How does the innovation and knowledge sector drive local economies?

4. Taking into consideration Professor Moretti's analysis, what do you believe to be the outlook for your respective desired occupation? Within your desired geographic location? For labor statistics and/or projections, you may want to consult www.bls.gov and/or www.census.gov.

5. Finally, reflecting on the three major paradigms, which do you believe provides the best theoretical lens to examine the changes in the American economy? Explain in detail.

Reference no: EM133347937

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