New Economy - PowerPoint PPT Presentation

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New Economy

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Derived from Marxist analysis of capitalism as a mode of production defined by ... online commerce, transnational corporations) global, unceasing and in real time. ... – PowerPoint PPT presentation

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Title: New Economy


1
New Economy?
  • Week 3 Multimedia Industry and Applications

2
No technological determinism
  • Most technological change gradual
  • Returns to adoption
  • Social shaping of technology

3
Political economy
  • Derived from Marxist analysis of capitalism as a
    mode of production defined by relationship
    between forces of production (technologies,
    techniques) and social relations of production
    (relations between social agents).

4
The mode of production of material life
conditions the general process of social,
political and intellectual life.
5
Brian Winston
  • Emphasises continuity, not transformation
  • Supervening social necessities determine whether
    inventions are taken up
  • Law of supression of radical potential

6
Long wave theory
  • 50 year cycle of techno-economic paradigms.
  • Diagram, Flew 47.
  • Recessions of 1980s, boom period of 1990s one
    indicator of new economy?

7
A new economy?
  • 5th long wave, based on ICTs
  • Coyle weightless, based on dematerialised
    output.
  • Leadbeater Living on thin air
  • Increasing returns - that which gets ahead gets
    further ahead.

8
Castells - Network society
  • New economy is global, networked and
    informational
  • action of knowledge upon knowledge itself main
    source of productivity
  • Networks society, culture, production and
    everyday experience

9
Information technology paradigm
  • Information raw material of economic activity
  • ICTs have pervasive effects through all realms of
    human social activity
  • Logic of networking applies to all social
    processes and organisational forms
  • Processes become flexible

10
Information technology paradigm
  • Convergence of specific technologies into highly
    integrated system

11
Global, networked, informational
  • Global core activities on a planetary scale
  • Informational knowledge/information
    production/processing/management determine
    productivity
  • Networked based upon information networks and
    projects

12
Global
  • Increasingly lowered barriers to global trade but
    also
  • Core functions (global financial markets, online
    commerce, transnational corporations) global,
    unceasing and in real time.

13
Networked
  • ICT/information network as the basis for commerce
  • The project - function of networked enterprise -
    as a basis for economy

14
Informational
15
  • http//www.att.com/globalnetworking/?lid-globalnet
    working
  • http//www.arcuk.org/images/vj20sheffield20map.g
    if
  • http//www.povertymap.net/mapsgraphics/graphics/Un
    dernutrition_en.jpg

16
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