NC State Economist Dr. Mike Walden – “Economic Trends Helping North Carolina”

Mary: This is Mary Walden with economist MW welcoming you to the economic perspective. Today’s program looks at economic trends helping North Carolina.  Mike, there are always large forces – some call them winds of change – impacting the economy.  Most of these can’t be impacted by public policy.  What are some of these big trends that might impact North Carolina in the decades ahead?

Mike:  Summary Answer

  1. Three: aging population, continued technological innovation, and international connectiveness
  2. Aging population – % 65 and older will double in 50 years

Impact every business

Retirement in-migrants

  1. Tech innovation – NC has a large tech sector; universities help

Question – can it continue; tech sector is very mobile; amenities important

  1. International connectiveness: products and tourists

Meat – but waste issue; also ports and roads

Tourists – getting here

  1. I’m MWMary:  And I’m Mary Walden for the North Carolina Cooperative Extension Service.