The 3rd Wave
The third wave or as some may call it the new economy is here right in front of our face. The world has went through other revolutions before. Around eight thousand years ago the world went through the agricultural revolution, around 1850 the industrial revolution began, and now the third wave is known as the knowledge or technology revolution. Did the Internet enable a new economy? I think the most recent facts says that it has. The technology revolution is upon us. In recent years there have been many triumphs in technology. Now more than ever, people are able to communicate over thousands of miles with the greatest of ease. Wireless communication is much to thank for the ease of communication. What used to take week now takes just a day or two. Technology, Changing our lives and our laws. The 21st century was never predicted to be what it is by our founding fathers. The truth is nobody ever expected our country to come down to the way we see it today. Computers and technology are now part of our daily lives. Some people feel that they cannot live if they don’t have the internet. The computers and the Internet run the economy. This country is entering a digital economy. It’s not at the sa
In the end all of these advances in technology and everything else will change the economy and the business world for the rest of our lives. I believe all the changes are for the good and not bad. Who knows what the world will be like in the next revolution. Over the next decade, the tax cut consequences of proliferation capital formation and goods producing business expansion virtually eliminate any threat of inflation. Actually, the strong dollar combination of lower tax rates, higher investment returns, more fast technological breakthroughs, and even greater productivity gains all promoting faster economic growth will maintain the pressure for lower, not higher, prices. me level it was in the 1920’s when the entire United States was thrown into a horrible depression. America has pulled itself in to a new revolutionized economy. In the new world enabled by the Internet, people find out about it fast. Public trust in corporations is at an all time low. Andersen, Enron, Schering-Plow, Adelphia, Stanley Tools, Global Crossing, Microsoft, WorldCom, and many more have crossed over the line. All of them have been under intense profit pressure. All have opted to break or bend the law for a short buck. It won't help. If the guys at the top of American corporations think that this is a recourse, they are sadly mistaken. Information travels much too quickly. There is no damage control. The relatively high unemployment rate and apparent decline in employment gets most significant news from the past few years is
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Approximate Word count = 1034
Approximate Pages = 4 (250 words per page double spaced)
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