... Europe and the former Soviet Union, North Africa andthe Middle East, and Sub-Saharan Africa. The fourteen major economies include the G7 economies listed above and the developing and transition ... Timmer, and Ypma (2003, updated 2005). 15See Jorgenson and Motohashi (2005). 16WITSA stands for the World InformationTechnologyand Services Alliance. Other important sources of data include the ... Input, and Productivity. The final step in our analysis of the world growth resurgence is to describe and characterize the levels of output, input, and productivity for the world economy, the...
... than a thousand companies and reveals some interesting results. The third essay applies the model developed in the second essay to study the difference in the adoption and pay-off of the Internet ... it actually handled inventory andthe delivery of the products during the 1998-1999 time period. The correlation between the two labor measures is calculated. The log values of these two measures ... and processes. They categorized firms based on whether they are purely Internet based, the type of goods sold (digital or tangible), andthe type of electronic 16labor, and where t is the...
... Davos and parts of the Wash-ington Beltway (especially in the vicinity of the International Mone-tary Fund andthe World Bank Headquarters), there is and should bea growing recognition that the ... toinfluence it, remain timely questions now as they were then. The ad-mission of China and Taiwan to the World Trade Organization(WTO), andthe economic and other consequences of this change instatus, ... at the 3rd annual conference between RAND and the China Reform Forum, held in Beijing in November 2000, on The Challenges ofGlobalization. Globalization: Meaning and Measurement 11Although the...
... Recommended catalogue entry: Information Technologyandthe Forest Sector. Report by the IUFRO Task Force on InformationTechnologyand the Forest Sector,” jointly organized by the International Union ... provider and 34by the owner or manager, the availability of resources, andthe attitude to and knowledge and acceptance of technology by employees. Externally, the decision to adopt the Internet ... enabled the diameter, length, and shape of the log to be measured andthe log geometry information to be stored (see Bowe et al., 2002). The information obtained can be used to sort and grade...
... TheGlobal Economy, which includes chapters dealing withglobalization, financial crises, WTO, andthe euro;II. The U.S. Economyand Foreign Policy, which includes essays onU.S. tax cuts, the ... ineconomics: that between the savings-investment balance, on the onehand, andthe trade balance (or, more accurately, the current ac-count balance), on the other. To the extent that domestic ... connections between the bluntinstruments they can use, andthe complex ends they seek.Perhaps there are ways to hone these instruments so they can beused with greater dexterity and less risk of...
... passenger trips between the offshore islands and FujianProvince, including 144,234 from the offshore islands to the mainland, and 8,200 from the mainland to the offshore islands as of February 29,2004 ... between the two offshore islands andthe mainland. As part ofthat expansion of the mini-three links, the Taiwanese government alsoexpanded the list of products that the offshore islands can ... act. On the one hand, he faces pressure from the businesscommunity andthe major opposition parties the Kuomintang (KMT), the main opposition party, andthe People’s First Party (PFP), anotheropposition...
... orbelow the official poverty line in the New York–NorthernNew Jersey–Long Island MSA, the Los Angeles–LongBeach–Santa Ana MSA, andthe Chicago–Naperville–JolietMSA, 2005 1196.5. Race and ethnicity ... relations between the sexes and differ-ent age groups in the specific context of the family and relations of production,that is, the division of labor and its organization, and hence hierarchizedsocial ... notmean, as Amin and Thrift (2002) suggest, that they therefore cease tofunction as sites of local interdependency and economic power. On the contrary, the more the urban economy is able to...
... way“takingover.”There is little attention given to the moremundane and immediatethreatsto the jobmarket andthe overall economy. Perhaps the technologists just assumethat once thetechnology ... tunnel. While these businesses ob-viouslydon’tcaterdirectlyto theglobal massmarket,theyarenone-thelessintegratedinto the activitythatoccursin the tunnel, and theyare heavily ... littlemorebrightly.Theseare the employeesof the automakerbeingrefreshedwithnewlight.Anothertransferofwealthhastakenplace. The autoworkersinturnmakepurchasesfromotherbusiness,small and large, andthe lightcontin-uestoparadethrough the tunnel.We also know that behind the walls of the tunnelthere are more businesses and interconnections...
... mayhaveactuallyin-creasedforatime,astheywereabletolowertheirprices.Asaresult,theirprofits, and therefore the wealthoftheirtopemployees and shareholdersincreased.Thesewere the brighterlightsin the tunnelthatinitiallybecamestronger.However,asnearlyallbusinessesin the tunnelcontinuedtoautomatejobs,atsomepoint the decreasein the num-berofpotentialcustomersbeganto ... biotechnology and genetics could be considered atype of information science because it is focused on cataloging and understanding theinformation inourDNA. THE LIGHTS IN THE ... on the seconddayyouhavetwocents and thenfourcentson the thirdday, and soon. The firstcharton the nextpageshows the firstfifteendaysasourpennydoubles.Youcanseethatwestartoutvery slowly and then...
... madeevenmorechallengingby the factthat the objectscouldbeinmanypossibleorientationsorconfigurations.Consider the simplecaseofapairofsunglassessittingonatable. The sunglassesmightbeclosedwith the lensesfacingdown,orwith the lensesup.Orperhaps the glassesareopen with the lenses oriented vertically. Or maybe one side of the glassesisopen andthe other closed. And, ofcourse, the glassescouldberotatedinanydirection. And perhapstheyare ... securitieswerethensoldtobanks and financialinstitutionsallover the world,with the understandingthattheywereverylowriskinvestments.When the subprimeborrowersstarteddefaulting, the valueof the mortgage-backed securitiesplunged, andthe derivativesdidnotworkasexpected.Inmanycasesitwasdifficultorimpossibletocalculatetheirvalue.Inaddition,financialinstitutionshadengagedinmanyothercomplexinterrelationships ... hasquicklyattracted the noticeof the Securities and ExchangeCommission and mayresultinnewregulation.Astheseexamplesshow,wecanexpectthat the rateofchange andthe volatilityofnearlyeverythingarounduswill...
... demand will in-crease, andtheeconomy will therefore produce moregoods and services.Inotherwords, the samenumberofworkerswillbeemployedbuttheywillproducemore.32 The ... collating and faxing in-formation. The intellectualportionof the job—eitherap-provingordenying the loan—isprobablyalreadyessential-lyhandledbyacomputer.Throughout the economy, there*Formoreonrobotics and itspotentialimpactonemployment and on ... food—all of these and countlessthousandsofotherstructures and chemicalsthatcompriseourbodies and make usfunctionareproteins. And theyareallconstructedthroughnanotechnology.Itislikelythat the coming“nanotech”revolutionwillbegin...
... within their capabilities, then how willthey acquire the income necessary to create the demandthatinturndrivesproduction?Ifweconsider the singular-ityinthiscontext,thenisitreallysomethingthatwillnec-essarilypushusforwardexponentially?Orcoulditinac-tualityleadtorapideconomicdecline?** The technologistswhospeculateabout the singularitydon’tseemtooconcerned ... shouldersofAmerican and Europeanconsumers. And aswehavenotedagain and againinthisbook,thoseWesternconsumersalldependonjobs.Ifautomationbe-ginstodramaticallyimpactemploymentinChina,whileat the sametimedemanddwindlesin the West and certain-lyif the catastrophiceventdescribed at the beginning ofthischapteroccurs—thenthiseconomicperpetualmotionmachineisgoingtocollapse.Givenallthis,whatcanwereallysayabout the futureofChina?Nearlyafourthof the world’spopulationlivesinChina;therefore,thereisnodoubtthatthiscountrywillcontinuetohavesignificant, and perhapsincreasing,influ-encein the decadestocome.However,simplyextrapolat-ingcurrenttrendsisveryunlikelytogiveanaccuratepro-jection.Chinaisgoingtobeheavilyimpactedbyaccelerat-ing ... purchasing the goods they are producing. Oreveniftheycanaffordtobuythoseproducts,theyareun-likelytodo sobecausetheyaremuchmoreinterestedin THE LIGHTS IN THE TUNNEL...
... todecline.Rememberthatwearetalkinghereaboutaverageworkers.Toget the graphabove,youmighttake the dis-tributionofincomesin the UnitedStates and thenelimi-nateboth the richest andthe poorestpeople.Thengraph the averageincomeof the remaining“typical”people (the bulk of consumers) ... byindustries,productionbecomesmoreefficient.Thisresultsinsomelossofjobs,butitalsoresultsinlowerpricesforgoods and services.Inotherwords,itputsmoremoneyinconsumers’ pockets. These consumers then go out and buyallkindsof things, and so the resultisincreasedde-mandfor the productsproducedbyalltypesofindustries.Some ... tolookinalittlemoredepthatsomeof the mostwidelyheldconventionalassumptionsabout the future and seeiftheyarereallyreasonable: The primaryforcethatwillshape the comingdecadeswillbeglobalization.Offshoringofjobs andthe con-tinuingmigrationofmanufacturingtolowwagecoun-tries...
... elimi-nates the jobsthatprovideincometoconsumers. The es-sentialideaisthatweshouldimposesomecombinationofaconsumptiontax and/ oraspecialdirecttaxonbusinessthatcaptures the incomewhich,inanon-automatedecon-omy,wouldbepaidoutinwages.Overtime,as the wagespaidtoaverageworkersdecrease(asapercentageofreve-nue),thesetaxeswouldbegraduallyincreasedtorecaptureatleastaportionofthisincome. The overallobjectiveistorecapturejust the optimalamountofincome and thengetitinto the handsofconsumerssothattherewillbesuffi-cientconsumerdemandtocontinuedriving the economy. Once the income ... unless there is either existing market de-mandor the reasonableexpectationofsuchdemandin the foreseeablefuture. The idea that productionrespondstodemandisoneof the definingcharacteristicsofcapitalism.Removing ... corruptionamongofficialsin the country.Thesepeopleveryoftenactprimarilyfortheirownbenefit and, inparticular,inwaysthat preserve theirpositions and power—rather thanfor the benefitoftheircountryasawhole.In the finalanaly-sis,...