The structure and character of commerce has changed dramatically since the arrival of the World Wide Web and various digital technologies, particularly mobile phones and large, interconnected databases. Consumers now have much greater market power and choice. Markets can more easily scale, often globally. Co-production and fluid producer/consumer interactions are routine. Transactions themselves have become far cheaper and more easily consummated.
Topic:
Foreign Exchange, International Trade and Finance, Markets, Science and Technology, Communications, and Monetary Policy
Over the course of the past generation, but especially since the World Wide Web emerged in 1994, digital technologies have been transforming the nature of work, the architectures of markets and the inner dynamics of organizations. They have also been altering the global economy and national cultures, which in turn is forcing governments to change how they build infrastructure, meet social needs and provide services.
Topic:
Economics, Education, Globalization, Government, International Trade and Finance, and Science and Technology
Changes in technology have been transforming commerce, politics, and culture for centuries. Yet it is now becoming clear that the explosion of the Internet and assorted digital technologies is provoking epochal changes in the global economy. Finance capital now roams the world with unprecedented speed. Transportation and logistics have become radically more efficient. Work readily moves to wherever it can be most skillfully and cheaply performed. Innovation and productivity are forging ahead, sometimes at blinding speeds.
Topic:
Development, Economics, Globalization, Government, and Science and Technology
Kurdish people living in Turkey can now receive satellite television broadcasts emanating from London. Iranians can view Farsi-language television programs that originate in Los Angeles. Even though they are dispersed throughout the world, emigrants from mainland China remain a vital diasporic community, thanks to websites and e-mail discussion lists. Insurgent movements from the Zapatistas to the East Timorese to Indonesian students have used the Internet to organize themselves and communicate a political vision to the world.
Topic:
International Relations, Politics, and Science and Technology
Political Geography:
United States, Turkey, London, Kurdistan, and Los Angeles
In the midst of her travels as Secretary of State, Madeleine Albright decided to venture off the standard diplomatic tour and visit the local market in Bakhara, Uzbekistan. “For all intents and purposes it could have been in the fifteenth century,” she recalled. “It was a big camel market, with rugs that looked liked they had been hanging there for a long time. Dust and all that.”
Topic:
Diplomacy, Government, International Political Economy, and Science and Technology
Now that the heady first paroxysms of electronic commerce (e-commerce) have faded—and the online sector has experienced its first major shake-out—thinking about what it means to live in a digital economy is becoming more focused. Established businesses are becoming more strategic in exploiting digital technologies. Venture capitalists are becoming more discriminating in their investments. Governments at all levels are exploring how to integrate the Internet and other technologies to advance their missions.
It has become a truism in recent years that technological innovation lies at the core of a robust economy. Once an arcane matter for economists, innovation has moved from the back salons of corporate strategy to the grand ballroom of mainstream culture. Fueled by the World Wide Web and other electronic technologies, unknown entrepreneurs with big ideas have joined with investment bankers, multinational corporations, and Main Street investors on a relentless search for The New New Thing, as the title of Michael Lewis' book on Silicon Valley calls it.