The Regional Transformation of the American Economy

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Abstract
This paper describes the rather remarkable and dramatic changes which have occurred in recent decades in the economic fortunes of the various regions of my country: The USA. I thought of three reasons why you might not be totally bored by my presentation. When I was here in 1965, there was great interest in regional trends within Britain, both from an academic and policy perspective, and I assume this interest lingers on. Second, because my country is so large, both in area and population, it doesn't make much sense to think of it as a unit in international economic relations, whether it be trade or investment. Finally, I see my lecture in part as a report to you on the geographic meanderings of the Pilgrims who left your shores in the 17th century to establish new settlements on the other side of the Atlantic. What I'm going to describe to you is the unfolding of a process which began in Plymouth 365 years ago: the settlement of the American Continent.

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