Traded Industries

04.17.2011

Understanding the difference between traded and non-traded industries is Economic Development 101, but a new paper by Nobel Laureate Michael Spence and Sandile Hlatshwayo deserves a close read. It’s a cogent reminder of the pace at which globalization is impacting value chains and industrial composition, not to mention the practice of economic development. Consider this a call to action.

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Civic Analytics LLC is an Austin-based economic research and consulting firm. Brian Kelsey, Principal, blogs here about big data, economic development, and the Austin economy. Views here are his own. Photo credit: Austin Business Journal

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