4. What is meant by 'the new economy'? Identify some of the advantages and disadvantages of the new economy. Use Examples.

Speed. Connectivity. Intangibility. These concepts form the powerful trinity which is redefining both the social and the economicalal landscape of the twentieth century (Davis, S., C. Meyer. 1998, 5). Underlying this economic revolution is the increase importance being placed on study and chat Technologies (ICT), which the Wall Street Journal declared ?is changing everything nigh the frugality? (Togati, T. 2006, 1). In describing these changes a grand fib has emerged, a fashionable ?buzz? term that has become an instant, inescapable clique- the newborn prudence (Rifkin, J. 2000, 4). The spick-and-span Economy however does not educate a tight definition and versions differ in limited predictions and possible implications. Depending on the narrator, ?invocations can take the strain of a utopian vision of innovative social and economic forms, or a dystopia view of inclusion and exclusion with fresh divide divisions and power redistributions between groups, regions and nations? (Lofgren, O., R. Willim. 2006, 1). As the New Economy icon is not articulated clearly by a maven idea or author, to hypothesize its implications, any word of revere must begin with a clear and precise explanation of what is really meant by the New Economy.

This essay will hash out the New Economy vision in hurt of Speed, Connectivity and Intangibility- tether underlying features with which all writers identify:Kevin Stiroh (1999) Vice professorship and precede Banking Studies Function Federal Reserve Bank of New York views ? globalisation and computerization (to be) powerful forces that are reshap ing the modern economy in a way that is fund! amentally different from primitively industrial periods.?The Organisation for Economic Cooperation and Development (OECD) (2000) identifies Speed as a key dimension. Since everything is connected and transmitted faster collect to the advancements in technology, communication is instantaneous; the medium has transformed our finger of time. The upstart economy is being shaped not just by... If you sine qua non to get a full essay, order it on our website: BestEssayCheap.com

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