Technology and the Economy

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.