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There are a number of factors operating and interacting. But I'm most impressed with this suggested reason: the impact that IT—Information Technology—is now having on the economy; IT has replaced manufacturing as the driving force of our commerce and enterprise.
We've long suspected and predicted that this would happen. The United States, for the moment at least, is leading the world with computer usage, database systems, Internet linkage, software applications, e-commerce and, most importantly, knowledge applications.
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