A Nation At Risk is more important as an historical signpost than it is as a document of analysis. It is a marker of a very real transition in the American economy and in American education – just not the one it describes. Before 1975, the United States had a thriving industrial economy, and was among the world leaders in basic industries such as steel, auto and manufacturing; after 1975, the global economy undermined American industrial preeminence, and our economic strength shifted to the emerging knowledge economy. By 1983, the first signs of these changes were evident, although not necessarily well understood.
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