Part 12/13:
International proliferation complicates this picture, implying that unless the U.S. adopts more competitive policies—potentially including a federal incentive—production could permanently shift abroad, diminishing America’s cultural exports and economic gains.
The Broader Significance
Hollywood’s decline as a domestic exclusive is more than a regional issue; it reflects evolving global economic dynamics, technological transformation, and policy decisions. As production levels decline domestically, the effects cascade through employment, cultural influence, and the national image.