New Economy: a new work dynamic? (original) (raw)
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Technology and the New Economy
2003
One of the most important forces driving economic performance in the United States and other countries during the 1990s was the rise of information technology. The new technology has had such a significant impact on the economy that" the new economy" emerged as a popular term in both the media and academia. This book, written in an accessible style, examines basic questions about the effects of information technology on various aspects of the economy.
As Time Goes By, 2002
US technological leadership and domination of the world economy were further enhanced by the extraordinarily rapid rate of technical change and output growth in the semiconductor, computer, and telecommunications industries in which American firms played a leading role and to which American universities made a vital contribution. Whereas some historians have cast doubts on the pervasiveness and the magnitude of the effects of earlier technological revolutions, such as the railways, few doubt the significance of the Information Technology Revolution and some, such as Castells, see it as ushering in a new type of economy and even a new civilization.
New Economy: Evolution of Forms and Research Methodology
Nauka ta innovacii, 2020
Introduction.The era of the scientific and technological revolution has qualitatively changed the content and balance of the processes of integration and differentiation of science, contributed to the development of interdis ciplinary discourse in the field of scholarly research knowledge, in particular, the identification of the forms and research methodology inherent in the modern stage of the economic research evolution.. Problem Statement. Amongst the synthetic integrative tendencies of economic research development, active impulses of scientific heuristics have been noticeably influenced, thus forming perspectives and guidelines for the evolution of cognition forms and methods. One such phenomenon is the formation of the new economy paradigm (from the economy of the information sphere to the digital economy) as a special kind of theoretical and applied research. In recent years, the active processes of conceptualization of the phenomenon of neoeconomics and its structural elements have been observed in the scholarly research environment. Purpose. To generalize, to structure, and to systematize the development processes concerning the phenomenon of the traditional economy creativization as an integral factor (stimulator) of special forms (virtualization and typology) and methods (digitization and financialization) in the field of socioeconomic relations cognition. Materials and Methods. The methodological framework of this study consists of a retrospective analysis of the context and directions of the information approach application in the process of integration, internal and transdisciplinary synthesis. Results. The new information and economic reality has been comprehended, and the principles of systematic research have been updated, which will contribute to solving the principal issues of the formation and implemen tation of effective economic, R&D and innovation policies. The creative economy and the development of the economy of the information sphere have been considered beyond the traditional boundaries of the cultural and
Arts and Culture in the New Economy
2002
a recession and a slew of business scandals. But in 1998, when people were more optimistic about the new economy and its prospects, the editors of Wired defined the new economy as a world in which people work with their brains instead of their hands. A world in which communications technology creates global competition. . . . A world in which innovation is more important than mass production. A world in which investment buys new concepts or the means to create them, rather than new machines.
2001
The increase in productivity growth rates beginning in the mid-1990s has helped boost economic growth and speed the rate at which living standards rise in the United States. Between 1995 and 2000, productivity growth averaged 2.8%--almost double the rate during the preceding 22 years! This increase in productivity growth is thought by many observers to be associated with the increased importance of information technology (IT), a hypothesis often referred to as the" New Economy" view.
New Economy: Explosive Growth Driven by a Productivity Revolution?
skylla.wzb.eu
The discussion paper discusses the macroeconomic argument of a New Economy that is characterized by higher non-inflationary economic growth due to increases in productivity caused by the digital revolution. Besides presenting evidence put forward by mainstream protagonists of the New Economy, it explores an interpretation of the New Economy inspired by regulation theory. Specifically, it looks at the stability of a financeled regime of accumulation on the basis of the digital production paradigm. Some basic causal relationships of such a regime, especially the investment-profits, wealth-profits, and wealth-consumption connections, seem too fragile to be able to support the assertion that a stable new regime of accumulation has emerged. Furthermore, the New Economy thesis suffers from serious problems in measuring productivity in the service industries. Therefore, it seems just as plausible that the long "Clinton" expansion was a singular event made possible by the special position the U.S. enjoys in the world economy. Zusammenfassung Wie stimmig ist das makroökonomische Argument von einer New Economy: Ist höheres inflationsneutrales Wirtschaftswachstum aufgrund gestiegener, der digitalen Revolution geschuldeten Produktivitätszuwächse möglich geworden? Zur Beantwortung dieser Frage werden zunächst die von den Mainstream Befürwortern angeführten Belege präsentiert. So dann wird eine Interpretation aus regulationstheoretischer Perspektive versucht, wobei insbesondere die Stabilität eines finanzgetriebenes Wachstumsmodells auf der Basis eines digitalen Produktionsregimes ausgelotet wird. Einige fundamentale Kausalzusammenhänge eines solchen Modells, wie der Investitionen-Gewinn-Nexus, Vermögen-Gewinn-Nexus und Vermögen-Konsum-Nexus, sind zu fragil, um von einem neuen stabilen Akkumulationsregime sprechen zu können. Ferner steht der Kern der New-Economy-These, die informationstechnologisch bedingten Produktivitätszuwächse, noch auf unsicherem Datenfundament. Deshalb erscheint eine Interpretation des langanhaltenden Wirtschaftsaufschwunges in den USA als singuläres, durch die besondere Position der USA in der Weltwirtschaft begünstigtes Ereignis ebenso plausibel zu sein.
Digital Innovation and the Fourth Industrial Revolution: Epochal Social Changes?
ITC technologies have come to comprehensively represent images and expectations of the future. Hopes of ongoing progress, economic growth, skill upgrading and possibly also democratisation are attached to new ICTs as well as fears of totalitarian control, alienation, job loss and insecurity. Currently, with the terms Industry 4.0. and 'Fourth Industrial Revolution " (FIR), public institutions (such as the national governments of Germany, Us, Italy, France, and Hollande), private institutions (the World Economic Forum, Hedge Funds, commercial banks), and literature refer to the inchoate transformation of production of goods and services resulting from the application of a new wave of technological innovations: interconnected collaborative robots; machine learning; Artificial Intelligence; 3D printers connected to digital development software; simulation of interconnected machines; integration of the information flow along the value chain; multidirectional communication between manufacturing processes and products (Internet of Things). According to the main representations of Industry 4.0. by private and public institutions, its effects are expected to be mainly positive, for what regards productivity, economic opportunities and the future of work. The positive potentials now attributed to the new cycle of innovation evoke and expand those attributed to the previous waves of innovation linked to ITC technologies, and, even before, to the transition from Fordism to Post-Fordism. However, these transformations have so far not achieved any of the promises they raised. Improvements for workers in terms of work conditions, work performance and work relationships cannot be determined by any technical innovation in itself, being technological innovation always socially shaped. 1. Digital innovation and the Fourth Industrial Revolution: epochal social changes? In 1979, the futurist Alvin Toffler popularized the concept of a new information era underpinned by several key ideas, including the demassification of media, the end of mass production and mass consumption, customised products and services, decentralisation, interactivity and full but hyper-flexible employment. ITC technologies have come to comprehensively represent images and expectations of the future. Hopes of ongoing progress, economic growth, skill upgrading and possibly also democratisation are attached to new ICTs as well as fears of totalitarian control, alienation, job loss and insecurity
Technological Forecasting and Social Change, 2001
In view of the current socio-economic context, in which innovation is a key driving force for the sustainable development, which challenges are facing education and research to enhance and nurture innovation and better contribute to help developing and exploiting engineering, science and technology? This broad question has motivated the work behind the present work, which reviews the strongest themes of the 3rd International Conference on Technology Policy and Innovation (ICTPI), which was held in Austin, Texas, in August of 1999.