A digital economy is an economy that is based on electronic goods and services produced by an electronic business and traded through electronic commerce. That is, a business with electronic production and management processes and that interacts with its partners and customers and conducts transactions through Internet and Web technologies. Electronic Business, or E-business, may be defined broadly as any business process that relies on an automated information system. ... Electronic commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. ... Look up web in Wiktionary, the free dictionary. ...
Digital Economy
The concept of a digital economy emerged in the last decade of the 20th century. Nicholas Negroponte (1995) used a metaphor of shifting from processing atoms to processing bits. He discussed the disadvantages of the former (e.g., mass, materials, transport) and advantages of the latter (e.g., weightlessness, virtual, instant global movement). The Net is now the iconic technology of our age. Nicholas Negroponte Nicholas Negroponte (born 1943) is an architect and computer scientist best known as the founder and Chairman Emeritus of Massachusetts Institute of Technologys Media Lab. ...
References
Holmes, Douglas. 2001. E-Gov. Nicholas Brealey. p223
Negroponte, Nicholas. 1995. Being Digital. Vintage Books. intro.
Rayport, Jeffrey F. and John J. Sviokla. 1995. "Exploiting the Virtual Value Chain", in: Harvard Business Review, Nov.
Rifkin, Jeremy. 2000. The Age of Access. Penguin Putnam. p 4, 19
Simard, Albert. 2001. Creating and Using Knowledge in a Digital Economy. [1]
Sparr, Debora L. 2001. Ruling the Waves. Harcourt. p3
Tapscott, Don. 1996. The Digital Economy. Mcgraw-Hill.
A digital economy is an economy that is based on electronic goods and services produced by an electronic business and traded through electronic commerce. ... Electronic Business, or E-business, may be defined broadly as any business process that relies on an automated information system. ... Electronic commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. ... Information economy is a defined term that an economy with an increased emphasis on informational activities and information industry. ... For other uses, see Information society (disambiguation). ... A knowledge economy is either economy of knowledge focused on the economy of the producing and management of knowledge, or a knowledge-based economy. ... Knowledge Management (KM) comprises a range of practices used by organisations to identify, create, represent, and distribute knowledge. ... Knowledge market is a mechanism for distributing knowledge resources. ... One term used to describe the emerging economic order within the Information Society is the Network economy. ... A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual persistent world, usually in the context of an Internet game. ...
However, digitalization is never merely a technological process, but a social and cultural one as well, which can potentially affect and even alter our perception of knowledge, power relations, the nature of labour and even our own bodies.
According to Barbrook, the new economy of the Internet era is called "the digitaleconomy"; its workers are "the digital artisans," and their "tools" the new technologies, that is, computer networks.
This article is concerned with looking at the gift economy as internal part of the late capitalist economy, rather than as a single, ideological space of resistance, demonstrating how current forms of cultural labour constitute capital's main source of profit in contemporary digitaleconomy, and move away from the Marxist model of production.
In its wake, the digital revolution will remake the two distinct yet intertwined relationships between people and their governments: the one between the government and the citizen as customer or consumer of public services, and the other between the government and the citizen as owner or shareholder.
In the digital era, no less than a radical rethinking of the nature and functioning of the organization called government is required; no less than a dramatic transformation of the citizen-government and business-government relationships will result.
The economy was too complex, and, more important, the cost (in both time and money) of transacting all those arrangements was far too high to proceed with anything other than a highly organized, semipermanent structure called the firm.
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