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The Rise of the Networks

Information economy or the other words, knowledge economy is vey hot in the last two years in China though a lot of people still have no clear idear about this conception. American economic structure's change gives us a good example. In my personal opinion that the most part in the world still keep in the production economy, however they also make a change to adapt new information economy. When we talk about the information economy, we couldn't pass the information technology revolution. It is the material basis for the information economy. Through the advance technology,the capital ,the information, the market and the lad can be connected making a global one. Also we shall realize that old society's attemp to retool itself by using the power of technology to derve the technology of power. The main charcterof the information economy is that the productivity is based on the capacity to generate,process, and apply efficiently knowledge-based information. The information itself to become the product of the production process. First the pure manufacturing is slowing dwn in the whole economy. It will not be vanished, but is increasing throughpartly hidden avenues, in expanding circles. Technology,and management of techn


The first was based on export of raw material and agricultural production; the second was based on import-substitution industrialization, The third was based on an outward development strategy. In this area, they tried three different economy models,but non of them seems very successiful. If add to the OECD the four newly industrialized countries of Asia, in 1988 the three major economic regions respresented 72. Though they seemed to be worked in some period, but the first deteriorated in the 1960s,the second was exhausted by the end of the 1970s,and the third failed by 1980s, leaving the 1990s as a critical period of restructuring in the relationship of the Latin America to the new, global economy. In this process, the state act as an important role. Since the mid-1980s states all over the world have also engaged in deregulating markets and privatizing public companies. 8% of the worldis manufacturing production, and in 2000, their share still amount to 69. Though it has some inprovenment in the last years, the conditions of competitives in the new informational ,global economy were too far away from what could be accomplished in the short term by rather primitive economies. new telecommunication networks; new, powerful desktop computers; new,adaptive,self-evolving software; new, mobile communication devices that extend on-line linkages to any space at any time; new workers and managers, connected to each other around tasks and performance, able to speak the same language, the digital language. The differential in human resources is critical: while the world avarge of scientific and technical manpower in 1985 was 23,442 per million population, the actual figure for developing countries was 8,263; for developed countries, 70,452; and for North America, 126,200, that is more than 15 times the level of developing countries. Obviousely, the services industry in U. For the first time in history ,the basic unit of economic organization is not a subject, be it individual or collective. But first of all the network is business networks, or on other words, the informational and global economy.

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Approximate Word count = 1281
Approximate Pages = 5 (250 words per page double spaced)

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