Economics & Work
The readings I did for this session “The New Commerce: E-Business: Shneiderman (Chapter 7)”, “The Era of Sentient Things (Rheingold, Chapter 4)”, “The Evolution of Reputation (Rheingold, Chapter 5)”, “The Economies of Online Cooperation: Gifts and Public Goods in Cyberspace”, “Where Home is the Office: The New Form of Flexible Work”, and “It’s a Flat World, After All”. All talked about the different issues that are concerned with how the internet has helped foster an increase in the economy.
The internet has sure raised different controversial issues regarding its use and expansion, Its different use has expanded to a point were one ask “Is there still more coming?”, and sure enough there is more, from mere inter-personal interaction, the internet has now become a world on its own where everything happens. More and more people are now avoiding traffic and bringing there work home, cyber-space now provides a medium where you can work from home and still get as productive as being in the office. A very important and sophisticated feature of the internet, stock and bond are now been traded through the internet. A full stay at home Mommy can still stay at home while doing business through EBay and other trade sites.
The internet has exposed the world to what is going on where and how. People around the world can effectively listen and watch the “Superpowers” grow and gracefully imitate them in a way that is beneficial to their economical growth and while back home the citizen relax and do less, these underdeveloped countries take advantage of what the internet has to offer, its jobs, food and economical growth. The impact the internet has brought is enormous, and will continue to grow. This online transformation has afforded telework in areas that were never before anticipated.
more on E-commerce
http://www.pubmedcentral.nih.gov/articlerender.fcgi?artid=61423
Information Economics and the Internet
Enrico Coiera, MB, BS, PhD
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2 comments:
Although the internet is growing and bringing a lot to the economy in the way of e-commerce and other areas do you think that it may bring too much and spin the American economy into a unrecoverable downfall? For example, a lot of people and markets rely on the internet and computers for their lifestyle, what if in the future the entire stock market was electronic, there is no paper trails anymore, there is only 1's & 0's and everyone trades online or through a computer, there is no more trading floor. What happens when a virus or a computer system crashes, namely that of the United States stock market? The U.S. Economy grinds to a halt. I think the internet has it's advantages for the certain crowd but I do not think we should take it for granted, as most already do.
The internet has been the biggest advantage for all citizens and still is today. Anything can be done on the internet including working from home. People feel more comfortable and relaxed when at home because they don't have agonizing control over them. I think that our life at times revolve around the internet because without it we would not be able to do half of the things we do on it now that's most convenient for us without having to leave our homes at all.
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