The New Knowledge Economy

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Stephen Downes invited presentation at the University of Alberta, Edmonton, Alberta, March 20, 2000

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The New Knowledge Economy

  1. 1. The New Knowledge Economy Stephen Downes March 20, 2000
  2. 2. Outline <ul><li>The Technology </li></ul><ul><li>The Impact </li></ul><ul><ul><li>Society </li></ul></ul><ul><ul><li>Commerce </li></ul></ul><ul><ul><li>Governance </li></ul></ul><ul><li>Keeping Up </li></ul>
  3. 3. The Technology <ul><li>Bandwidth – unlimited </li></ul><ul><li>Processing – unlimited </li></ul><ul><li>Software – task based </li></ul><ul><li>Hardware – portable, wireless </li></ul><ul><li>Presentation – multimedia, simulations </li></ul>
  4. 4. The Impact - Society <ul><li>New Social Unit – The Online Community </li></ul><ul><li>Types of Online Communities </li></ul><ul><li>Properties of Online Communities </li></ul><ul><li>Social Impact: </li></ul><ul><ul><li>Withdrawal from traditional communities </li></ul></ul><ul><ul><li>Increased empowerment and participation </li></ul></ul>
  5. 5. The Impact - Commerce <ul><li>Shattering of Commerce </li></ul><ul><li>Commerce begins with Community </li></ul><ul><li>Globalization and Competition </li></ul>
  6. 6. The Impact – Commerce (2) <ul><li>Commercial Impact: </li></ul><ul><ul><li>Customized and personalized service </li></ul></ul><ul><ul><li>24-7 service </li></ul></ul><ul><ul><li>Competition </li></ul></ul><ul><li>Corporate Impact </li></ul><ul><ul><li>Monopolies don’t work </li></ul></ul><ul><ul><li>The Network Effect </li></ul></ul><ul><ul><li>Workplace organization </li></ul></ul>
  7. 7. The Impact - Governance <ul><li>Legislative and Representative Function </li></ul><ul><ul><li>Increased participation and activism </li></ul></ul><ul><ul><li>Inclination toward direct democracy </li></ul></ul><ul><ul><li>Primacy of the Community </li></ul></ul><ul><ul><li>Decline (or reshaping) of the Middle </li></ul></ul>
  8. 8. The Impact - Governance (2) <ul><li>Information and Communication </li></ul><ul><ul><li>The community as a community </li></ul></ul><ul><ul><li>Modes of Communication </li></ul></ul><ul><ul><li>Information overload </li></ul></ul>
  9. 9. The Impact – Governance (3) <ul><li>Services </li></ul><ul><ul><li>Services as E-Commerce </li></ul></ul><ul><ul><li>Competition </li></ul></ul><ul><ul><li>Government services as a network effect </li></ul></ul>
  10. 10. Keeping Current <ul><li>Joining or founding a community </li></ul><ul><li>Information flow </li></ul><ul><ul><li>Pull – web sites </li></ul></ul><ul><ul><li>Push – newsletters </li></ul></ul><ul><li>Participation </li></ul>

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