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The Informational Economy: Knowledge and Cyberspace
The Informational Economy: Knowledge and Cyberspace
The Informational Economy: Knowledge and Cyberspace
The Informational Economy: Knowledge and Cyberspace
The Informational Economy: Knowledge and Cyberspace
The Informational Economy: Knowledge and Cyberspace
The Informational Economy: Knowledge and Cyberspace
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The Informational Economy: Knowledge and Cyberspace

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  • 1. People started getting together and exploring the idea that there was going to be a revolution in technology which was going to change society so drastically (Wozniak 1986 cited in Heap, Thomas et al 1995).
  • 2. Individuals perceive  Information technology such revolution from  is seen to strengthen a acquisition of personal great variety of computers, direct communities of broadcasting by interest. Improved satellite, automated technology allows work or in the formation of many potential for push- new, smaller button democracy. communities of While differing over interest, and also details, though many allows existing, larger seem to agree that communities of bringing together interest power to attain computing with a transnational telecommunications character. spells the start of a new age.
  • 3.  The high motivation of  New electronic data bases provide selective access to common interests, the specific information that combined with ease of people need. Information communication, allows technologies increasingly such communities of support service industries and interest and existing larger contribute to the communities of interest improvement of the quality the motivation to be of service. These technologies extremely flexible and create enormous job productive, thereby opportunities in the area of contributing more to software development and scientific, technological production. Information technologies make life more and artistic progress in a convenient and efficient by greater number of areas permitting people to oppose than formal or manual labour by promoting governmental security and by providing organisations do. everyday conveniences.
  • 4. However, problems which have been and will be created by information technologies are multi-fold. Significant differences already exist in the amount of information available in different regions, and these differences could increase.  In information-rich regions, the information supply is much larger than could be possibly consumed, yet in these regions, people have difficulty in obtaining precisely the information they need.  Some governments in the information-poor regions may be weary of new information and reluctant to promote certain types of communities of interest, despite the fact that remote access to information-rich regions can be made by means of low-cost terminals.
  • 5. With the emergence of the internet as a communication and social interaction tool was initially met with great hopes for revitalising the flattering sense of community. However, the disadvantage to internet interaction and “virtual” social connections between people who may never meet in person becomes a social liability.
  • 6.  “Cyberspace” is termed as a  Cyberspace is known to virtual reality, one bring possibilities of regarded to designate the connectivity and openness. “substance” of the three- It is a force in its own right, dimensional space the uncanny autonomy of protected by the computer which threatens the as bits of information, sovereignty of the human rather than a physical race if not used with territory. caution.

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