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1. Escape from the Commodity Trap: Will the Production Transformation Sustain Productivity, Growth and Jobs?

Author:
John Zysman
Publication Date:
04-2014
Content Type:
Working Paper
Abstract:
The emerging transformation of the production of goods and services is dramatically altering what is produced, where, how, and who captures the value. It creates opportunities and challenges. Part I of this essay examines the transformation of production and its acceleration by Cloud Computing. A first argument is that the transformation of production, including both manufacturing and ICT-enabled services should be our focus. A second argument is that ICT enabled services are a source of distinct value in the economy. Third, it considers the distinct and contradictory challenges facing manufacturing. The fourth argument is that the transformation of production will be accelerated by the emergence of Cloud Computing as the next Information Technology Platform. Part II of the essay makes a few focused policy suggestions and considers several issues policy makers need to consider as they frame policy. The emphasis is on the role of next generation tools and competencies of “places”. The crucial policy question is how to nudge that transformation in the advanced countries toward higher value added, higher skilled, higher wage solutions.
Topic:
Economics, Science and Technology, Communications, and Global Markets
Political Geography:
Global Focus

2. From Religion to Reality: Energy systems transformation for sustainable prosperity

Author:
John Zysman and Mark Huberty
Publication Date:
09-2010
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
There are compelling and varied arguments for moving to low-carbon, high-efficiency energy systems. Reducing emissions to limit or avoid climate change leads the public debate, but reduced dependence on imported energy, avoidance of conflicts over energy resources, and the rising price of fossil fuels also motivate action. Nevertheless, the potential cost and difficulty of making the transition to a new energy system have generated substantial opposition from entrenched economic interests and consumers alike.
Topic:
Climate Change, Economics, Energy Policy, and Markets

3. Innovation and Adaptability in a Digital Era: How Wealthy Nations Stay Wealthy

Author:
Tobias Schulze-Cleven, Bartholemew C. Watson, and John Zysman
Publication Date:
05-2007
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
The challenge for the advanced countries is to stay wealthy in a rapidly evolving and ever more competitive global economy. As a new digital era emerges and the mechanisms of value creation – i.e. the engines of productivity and growth – change in volatile marketplaces, wealthy nations have to find new ways to adapt. Particularly in Europe, successful adjustment has often been posed as a choice between social protection and market flexibility. In this paper, we recast this all too common framing and emphasize instead that competitive advantage for the advanced countries may be built through appropriate social policy. Upon clarifying the character of competition in the emerging digital era, we argue that the long-standing strong social protection systems particularly in many European countries could be leveraged to these countries' unique advantage in the emerging digital era. With such benefits as promoting social peace and assisting people in meeting new labour market demands, social protection systems have an important role to play in helping societies reorganize existing economic structures in support of successful adaptation to new competitive conditions.
Topic:
Economics, Globalization, International Political Economy, and Science and Technology
Political Geography:
Europe

4. How Revolutionary is the Revolution: Will there be a “Political Economy” of the Digital Era?

Author:
John Zysman and Abe Newman
Publication Date:
03-2004
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
The purpose of this paper is to consider whether there is a political economy of a digital era. Our concern is how the digital revolution influences the role of the State in society and the economy and the politics that surround it? In the spring of 2000 in the midst of the stock boom we would have as ked: “Is the extraordinary expansion of computing intelligence, the pervasive spread of digital networks, and the recent arrival of the commercial Internet, the edge of an historical revolution, a transformation?” Data networks had existed for decades and Business to Business commerce (B2B) had been conducted over these networks for years. But the sudden interconnection of disparate networks into a single “cyber world”, and broad consumer participation in those networks through vehicles such as AOL seemed to augur a new era. The pace at which individuals, not just firms, were being connected to the Internet in the United States was explosive. Businesses were reorganizing and extending intern al activities to capture the possibilities of the network of networks. Together the Internet's rapid build out encouraged the fantasy that the new information network technologies could, in themselves, transform the terms of competition and restructure a broad range of the economy. By the summer of 2003, the conventional question had become different: “Was this the revolution that never happened, the dreams evaporating with stock values, first during the dot com collapse and then in the telecoms debacle?” Did the digital revolution have more in common with tulip speculation, a pure ephemera, than the railroad expansion and transportation revolution that created and destroyed individual fortunes. Of course, the industrial revolution di d not end with the first textile company failures, nor does the digital revolution end with the dot com collapse.
Topic:
Economics, International Trade and Finance, Political Economy, and Science and Technology
Political Geography:
United States

5. Governance and Politics of the Internet Economy–Historical Transformation or Ordinary Politics with a New Vocabulary?

Author:
Steven Weber and John Zysman
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
Driven by two fundamental processes, rapid technological change as well as social innovation and reorganization, a new digital economy, the E-conomy, is emerging. Rather than merely adding an Internet sector to the economy, the E-conomy has brought about tools for thought, tools that transform every sector of the economy by amplifying brainpower the way steam engines amplified muscle power during the Industrial Revolution. For analytic purposes, the rise of the E-conomy can be told as a story composed of 1) networks and tools, 2) e-business and e-society, 3) the productivity dilemma resolved, and 4) governance and politics. In the short run, the transformative processes unleashed by the E-conomy are likely to lead to new bargains among existing coalitions and interest groups. In the long run, the changes underway promise to fundamentally alter the political sociology of vast communities, give rise to new interests and coalitions, and transform the institutional foundation of social, economic and political life.
Topic:
Economics, Government, Political Economy, Politics, and Science and Technology

6. Tools for Thought: What Is New and Important About the "E-conomy"?

Author:
John Zysman, Stephen S. Cohen, and J. Bradford DeLong
Publication Date:
06-2000
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
There are eras when advancing technology and changing business organizations transform economies and societies. Such episodes do not just amplify productivity in one leading sector. Instead, they give all economic sectors powerful new "tools." Today we are living through such a transformation in our economic landscape, a transformation that warrants a new name: the "E-conomy." Information technologies, data communication and data processing technologies, are tools to manipulate, organize, transmit, and store information in digital form. They are tools for thought that amplify brainpower in the way the technologies of the Industrial Revolution amplified muscle power.
Topic:
Economics, Industrial Policy, and Science and Technology