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Attempts to discover an internal logic in the high‐speed events taking place in the former Soviet Union. In addressing the problems of the country′s disintegration, examines the issue in its socioeconomic, political and territorial‐administrative aspects. Analyses, for this purpose, the nature of Soviet society prior to Gorbachev′s reforms, its present transitional stage and its probable direction in the near future.
Overall, public and private interactive networks could be a more powerful force for change than the computer, the railway, or the small electric motor, forming a “teleeconomy”, under a set of rules that form “electronic capitalism”. In this second of two articles (for the first see foresight, Vol 2, No 1, February 2000) consequences of the emerging economic behaviours laid out in the first article are examined. First, the new rules are explored in detail. They describe the dynamo of electronic trading and the characteristics of a specific form of capitalism. The article then considers impacts of the tele‐economy on sectoral balances, economic power and wealth distribution. Lastly, the new players – the electronic tiger – and the safeguards required are examined. The hub of the dynamo will be in the developing economies where some four billion new global consumers await economic enfranchisement via personal investment, as well as access to new consumer markets and electronic work channels.
The purpose of this paper is to provide a selective bibliography and examine the potential of the digital technologies, using an inter‐disciplinary literature survey that…
The purpose of this paper is to provide a selective bibliography and examine the potential of the digital technologies, using an inter‐disciplinary literature survey that will contribute to academic and practical knowledge with regard to the understanding of the emerging forms of doing business and competition together with their developmental implications.
The paper examines a survey of a collection of papers that have been published before and after the new economy bubble. These writings then are classified under two main headings: the views of the (new) digital economy proponents and the sceptics. These two opposing approaches are compared and contrasted through the use of five sub‐sections: conceptualisation, driving force, spatial/developmental implications, industrial impacts of the digital economy, epistemological/methodological foundations.
The paper finds that claims about the world economy entering into a new phase of a virtuous capitalism or a new international division of labour are over‐exaggerated. A more balanced approach should take into consideration both the dynamics of change and continuity without underestimating the future potential of digital technologies.
This paper offers a critical assessment of the digital economy, based on an inter‐disciplinary literature survey that brings together pieces of work that have previously been analysed largely in a separate manner.
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination…
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.
The ‘sharing economy’ involves the giving and taking of goods, services, your room, my car, our food recipes and alternative forms of money to create a new economic…
The ‘sharing economy’ involves the giving and taking of goods, services, your room, my car, our food recipes and alternative forms of money to create a new economic imperative. Its open-sourced character is the creation of producers, users, consumers and, crucially, citizens, who consciously or unwittingly are carving out a new economy with a collaborative, social impetus. Driven, on the one hand, by technology that refuses to be constrained in the hands of the few, and, on the other, by the fracturing of our economies and societies by inequality (ecological, demographic, the movement of people across borders), the giving-and-taking phenomenon is lubricated by new sources of funding and philanthropy. The sharing economy opens up possibilities for the further consolidation of wealth either in the coffers of a privileged minority or a reversal of wealth creation and the inculcation of entrepreneurship as the right and responsibility of citizens through the sharing of ideas, technologies and values, locally and globally in varied ‘commons’. This chapter offers an analysis of the phenomenon of giving and taking in an open-sourced environment and proposes ideas for a prospective citizen entrepreneurship to open up spaces for collaborative new ventures.
Are we now entering the era of a new type of economy, with new rules? What we perceive is more than just an addition to today’s economics. By removing the effects of…
Are we now entering the era of a new type of economy, with new rules? What we perceive is more than just an addition to today’s economics. By removing the effects of distance, and giving more equal access across nations and classes, networks will effectively reengineer our basic economic equations. Electronic networks can provide access to skills, work and commerce at much lower cost, via electronic markets in jobs, products, services and education. At the same time, they introduce new economic behaviour, as a large enough quantitative change becomes a qualitative change. Electronics and optics enable the networking of human capital, expanding its application and accelerating its enrichment via education. So knowledge‐based operations may slowly replace traditional capital‐based assets. Consequently, the conventional process for the creation of wealth with its prerequisites for capital investment is revised:economic value in traditional fixed assets is replaced by “electronic assets”. At the same time, the network effect pushes the market mechanism to its limits, through a step‐change in breadth of access, reduced costs of entry and pace of trading. National differences and national markets, all the trappings and devices of commercial locality, are challenged. In this first of two articles, the initial conditions and the evidence for change are examined and the emergence of a new form of economy, or “tele‐economy”, is reviewed. Following from this, a view of the form of capitalism driving the economic environment – “electronic capitalism” – is put forward. The second article, to be published in a forthcoming issue of foresight, examines the consequences and conclusions on assets, wealth accumulation, national players and the benefits and dangers of a tele‐economy.
The expansion of computer and information technology firms combined with the simultaneous decline in traditional manufacturing firms in the 1990s argues for a…
The expansion of computer and information technology firms combined with the simultaneous decline in traditional manufacturing firms in the 1990s argues for a re‐examination of economic base models in light of changing basic sectors within the economy. This paper reviews the literature and employs an in‐depth survey to describe the differences in the pattern of employment for traditional manufacturing firms and the “new economy” firms in Larimer County, Colorado, USA. This study indicates that traditional economic base analysis is not easily applied to communities with “new economy” firms and maintains that a more inclusive and comprehensive survey method remains the best way to adequately capture the essential makeup of a region's economic base.
“It should also be noted that the objective of convergence and equal distribution, including across under-performing areas, can hinder efforts to generate growth…
“It should also be noted that the objective of convergence and equal distribution, including across under-performing areas, can hinder efforts to generate growth. Contrariwise, the objective of competitiveness can exacerbate regional and social inequalities, by targeting efforts on zones of excellence where projects achieve greater returns (dynamic major cities, higher levels of general education, the most advanced projects, infrastructures with the heaviest traffic, and so on). If cohesion policy and the Lisbon Strategy come into conflict, it must be borne in mind that the former, for the moment, is founded on a rather more solid legal foundation than the latter” European Commission (2005, p. 9)Adaptation of Cohesion Policy to the Enlarged Europe and the Lisbon and Gothenburg Objectives.