ECONOMIC DEVELOPMENT IN SOUTH CAROLINA: AN OVERVIEW OF RECENT TRENDS AND FUTURE PROSPECTS
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This paper summarizes recent employment and earnings trends in South Carolina and reviews changes in the competitive environment that may impact future employment opportunities and earnings for the state's workers. The new competitive environment is characterized by greater global competition, a continuting shift from goods-producing to service-producing industries, new production organizations and technologies, and industrial restructuring. The implications of these structural changes for the state's businesses and workers are discussed, and public policy initiatives to prepare for these changes are suggested.