The Global Village and the New Economy Essay -- Exploratory Essays Res

The Global Village and the New Economy The New Economy falls into the latter part of the information age in the evolution of society. It has many characteristics. It is the age of the global village, the idea that the whole world is unified as one because of the speed in which information is processed from one end to the other. The idea of personalization of technology is also a characteristic of the New Economy, which allows people to modify technology and make it unique to each individual. In the new economy, individuals are face with a new treat, less is more. (Straubhaar,289) The size of technology has decreased but the performance of this new technology has increased. These innovations have become an important factor to find the optimal method of achieving an efficient technology. "(The New Economy is a) world in which rapid change is a constant. A world at least as different from what came before it as the industrial age was from its agricultural predecessor. A world so different its emergence can only be described as a revolution." (Encyclopedia). THE COMPUTER The modification of society to enter the New Economy has been done using the computer. The computer has penetrated almost every aspect of technology in existence. It is common to find personal computers inside homes. The computer is also used explicitly in the advertising industry, the telephone networking industry, and the filmmaking industry. The creation and growth of the New Economy that we live in today can be attributed to the computer. The personal computer has seen massive growth. It has evolved from being an intimidating machine to an essential in more that 500 million households worldwide.(Gates). The size of the computer has decreased to we... ...ovember 21st, 2002. COSTELLS, Manual. The Rise of the Network Society(2nd Edition). Massachusetts: Blackwell Publishers, 2000. "Encyclopedia of the New Economy", in Wired Digital Inc. Available online at: , consulted on November 19th, 2002. GATES, Bill. "The PC: 20 Years Young ", in Microsoft-Press Pass, April 12, 2001. Available online at: , consulted on November 16th, 2002. SANDERS, Robert. "SETI@home, UC Berkeley's search for extraterrestrial life, celebrates first anniversary, is named finalist in Computerworld Smithsonian Awards", in UC Berkeley. Available online at: , consulted on November 21st, 2002. STRAUBHAAR, Joseph and Robert LAROSE. Media Now. Belmont: Wadsworth Group, 2002.