THE LOS-ANGELES ECONOMY - A SHORT OVERVIEW

An outline of the Los Angeles economy reveals the area generally refle cts the larger US economy in its orientation toward services, although manufacturing in the region remains a healthy portion of its output. The sharp dichotomy in Los Angeles' manufacturing between high and low skilled labor parallels the social and demographic divisions that exi st in the metropolitan area. In accord with its image, Los Angeles pla ys a substantial role in the US motion picture industry. The film indu stry, high technology firms as well as production spurred by migration have allowed Los Angeles to avoid the broad industrial decline that h as occurred in other parts of the US. (C) 1998 Elsevier Science Ltd. A ll rights reserved.