Economic+Structure+Of+Knowledge+Society

toc =Description:=

//Economic Structure of today’s knowledge society is established because of business phenomena's along with the integration of Information and Communication technology. Transferring data in a minute is the base factor of structuring modern economy. //

Analysis of Description:
In the book by Griffin- Business, “Economic system is the way a nation allocates its resources among its citizen. It is different from country to country and this different can only be distinguished with the help of factors of production.” “These factors of production involves labor, capital, entrepreneurs, natural resources and informational resources.” “Every factors are based upon our need, but information is something we heavily depending on.” “Today the business sector on which one country heavily depends, themselves rely heavily on market forecasts, the specialized expertise and knowledge of people, and various form of economic data for much of their work.”

=Factors of emergence of Knowledge Society:=

In the book “the Information Society “, there are several factors that Nico Stehr mentioned relating Sage's (1994) points addressing the nature of changing economic structure of modern society. Some of those analytical points are: 1. Development of knowledge societies is connected to basic information in the structure of economic activity. Since such kind of society has the enabling quality of allowing central-life interests to progressively drift away from purely economic ones or, from a macro perspective of social conflicts, for instance, a shift toward more generalized struggles not primarily driven by material clashes can be discerned. 2. Emergence of knowledge based labor force. Though, there are also other factors but according to Nico Stehr, knowledge society is linked first and foremost to a radical transformation in the structure of the economy, including the set of novel and largely unintended consequences, for example in the area of terms of trade, employment and etc. B2B, technological innovations diminishes the location, barrier in order to commutate any where in the world.

B2B (Business-to-Business) across the globe
In the book “Business” by Griffin, Ebert, and Starke they mentioned a new term- B2B. this term shows connection and commitment in strategic business thinking. B2B stands for business-to-business electronic commerce. It involves businesses joining together to create ecommerce companies that make them more efficient when they purchase the goods and service they need. Companies in other industries are also jumping on the B2B bandwagon: -thirty of the world large commercial airlines, including Air Canada, have joined forces to purchase fuel, equipment, aircraft parts, and maintenance through an ecommerce site called Aeroxchange Ltd. In total, the airline purchase about U.S. $50 billion on the site. Air Canada expects to save $11 million- 414 million on the item it buys through the exchange also lower the transaction, processing, and inventory costs for the airlines. - Companies in the oil and chemical industry launched an electronic procurement exchange that will spend more than U.S. $125 billion annually. - A group of the world’s largest defence contractors has launched a company that will facilitate annual purchases of about $71 billion. The company will link 37000 businesses. - Bell Canada, the Canadian Imperial Bank of Commerce, the Bank of Nova Scotia, and Mouvement Desjardins have the formed an economic joint venture to help themselves and businesses cut purchasing costs.

Technological Innovations across the globe:
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Cell Phones

 * "Cell phone company executives boast about how their services and economic development improve the quality of life in poor countries. However, delivering cellular technology to the developing world is a business proposition as well as a humanitarian one. The world has plenty of untapped markets – Eastern Europe, Asia, Africa and Latin America – and no two are alike. Two-thirds of the world’s population lack cell phones and most are in Africa and Asia. Notwithstanding efforts to entice the investment of cell phone companies, tough regulation and paralyzing taxes remain the biggest obstacles to spreading telecommunications network. Nonetheless, the subscriber base typically grows so rapidly that ventures still find astounding success. China, with 96 percent of its territory gaining coverage, is a model for cooperation between companies and government, as compared to India with 22 percent coverage. The product can transform lives in developing nations – and the Pakistani minister of information technology compares it to a 'revolution.'" Eric Sylvers, The International Herald Tribune via YaleGlobal Online, 20 February 2006. http://topics.developmentgateway.org/ict

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Cisco Networking Program

 * The Cisco Networking Academy Program is a comprehensive e-learning program that has been launched in approximately 10,000 educational institutions in over 150 countries worldwide. Through a partnership among UNDP, Cisco Systems, the Ministry of Communications and the International Telecommunication Union, the Academy Program was introduced and initiated in Kabul in 2002. Due to the program’s success, USAID Afghanistan joined the partnership in 2004 to expand the program to secondary provinces, to introduce new curricula, and to strengthen the existing Networking Academies in the areas of sustainability, workforce development and gender." (Source: Stockholm Challenge) 

=Analysis:=

Enterweb.org has a very good summarization of this economy “Technological developments in the 20th century have transformed the majority of wealth-creating work from physically-based to "knowledge-based”. Technology and knowledge are now the key factors of production. With increased mobility of information and the global work force, knowledge and expertise can be transported instantaneously around the world, and any advantage gained by one company can be eliminated by competitive improvements overnight. The only comparative advantage a company will enjoy will be its process of innovation--combining market and technology know-how with the creative talents of knowledge workers to solve a constant stream of competitive problems--and its ability to derive value from information. We are now an information society in a knowledge economy where knowledge management is essential. This page lists and rates Internet resources related to the field of knowledge based economy and knowledge management in the new information society.”

=Reference:=

Books.
1. from __the Information Society__, London: Nico Stehr (2004), pp. 212 - 236 2. Griffin, Ebert, and Starke. __Business__. Toronto: Prentice-Hall, Inc. 2005.

websites:
1. Afrin Nadia, Development Gateway “Cisco Networking Academy Program Afghanistan”, online at http://topics.developmentgateway.org/ict, consulted on February 27, 2006. 2. jlorin, “Knowledge Economy” posted on july 19, 2005, Enterweb organization, online at < http://www.enterweb.org/know.htm >, consulted on February 24, 2006.