|
 |
 |
The New Economy
Title: The New Economy
Category: Business & Economy
Details: Words: 1325 | Pages: 5.6 (approximately 235 words/page)
The New Economy
--The economic changes new technology has set in motion are more interesting
and important than the technology per se.
--The technology makes possible new forms of employment, new approaches
to compensation, and new ways of launching enterprises--what is
often referred to as a Silicon Valley System
--Note that this "Silicon Valley System" spreads across the country
and the world, with nodes in Boston, Austin, Helsinki,
Singapore, and elsewhere.
--Leading-edge users and their innovative applications …showed first 75 words of 1325 total…
You are viewing only a small portion of the paper.
Please login or register to access the full copy.
|
|
…showed last 75 words of 1325 total…lowered their costs by concentrating on what they did best, and contracting
to buy the rest from those with a firm-specific advantage in productivity or
a nation-specific factor cost-based comparative advantage.
--The production dilemma has been solved via a finer division of labor--contract
manufacturing and cross-national production systems.
--Firms can outsource only because of better communications. In previous
generations much tacit knowledge gained only through long
experience was essential to creating the value chain.
Need a custom written paper?
|
|
275 words per page