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The New Knowledge Economy

Exploring the transformative power of the new knowledge economy on society, commerce, and governance. Learn about the profound impacts on online communities, commerce dynamics, and governance structures. Dive into the influence of technology, social units, globalization, legislative functions, and more.

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The New Knowledge Economy

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  1. The New Knowledge Economy Stephen Downes March 20, 2000

  2. Outline • The Technology • The Impact • Society • Commerce • Governance • Keeping Up

  3. The Technology • Bandwidth – unlimited • Processing – unlimited • Software – task based • Hardware – portable, wireless • Presentation – multimedia, simulations

  4. The Impact - Society • New Social Unit – The Online Community • Types of Online Communities • Properties of Online Communities • Social Impact: • Withdrawal from traditional communities • Increased empowerment and participation

  5. The Impact - Commerce • Shattering of Commerce • Commerce begins with Community • Globalization and Competition

  6. The Impact – Commerce (2) • Commercial Impact: • Customized and personalized service • 24-7 service • Competition • Corporate Impact • Monopolies don’t work • The Network Effect • Workplace organization

  7. The Impact - Governance • Legislative and Representative Function • Increased participation and activism • Inclination toward direct democracy • Primacy of the Community • Decline (or reshaping) of the Middle

  8. The Impact - Governance (2) • Information and Communication • The community as a community • Modes of Communication • Information overload

  9. The Impact – Governance (3) • Services • Services as E-Commerce • Competition • Government services as a network effect

  10. Keeping Current • Joining or founding a community • Information flow • Pull – web sites • Push – newsletters • Participation

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