By Jean Gadrey
ISBN-10: 0415301416
ISBN-13: 9780415301411
The 'new economic system' has been criticised significantly of past due, and after the theory and hype that surrounded the web bubble, this is often infrequently awesome. This ebook, first released in French and up-to-date right here, despite the fact that treats the 'new economic climate' as a discourse - person who is frequently deceptive. on the way to comprehend what occurred throughout the net bubble and the fuss that surrounded it, a relevant point - highbrow hypothesis - has to be understood. New financial system, New delusion treats this hypothesis as a sort of 'ultra-free-market' pondering. in line with this line of notion, the web and the electronic revolution are performing as a kind of computer virus in spreading industry deregulation around the globe. With rather a lot having been written concerning the new economic system, this ebook employs a mix of educational rigour and readable prose and springs as a welcome aid. it is going to be an fascinating interpreting to these attracted to the web bubble - and the hyperbole that surrounded it.
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Example text
19 The new technologies from a North–South perspective Chapter 2 of the 1999 world report on human development, drawn up by the UNPD, provides much food for thought on both the ‘tremendous opportunities’ New technologies, new growth? 39 of the new technologies as aids to development and present reality, in which ‘the global gap between haves and have-nots, between know and know-nots, is widening’, against the background of the ‘new rules of globalization – liberalization, privatization and tighter intellectual property rights’.
Furthermore, it does not occur to the authors that, while it is indeed true that in most sectors of the economy there are specialist IT occupations, it is equally true that in those sectors that produce high-tech goods there are manual occupations, sometimes in very large numbers, that have very little to do with IT. Are all the manual workers on semiconductor, television and photocopier production lines IT workers? They cannot be serious, can they? The fourth and final incidence of statistical massaging revolves around the assumption that this vast sector of employment defined, misleadingly, in the report as ‘IT-related jobs’, is going to grow uninterruptedly between now and the year 2006 at the same exceptional rate as in recent years.
Given the sharp drop in the prices of most of the relevant equipment, the IT sector’s contribution to growth can be increased from 14 to 28 per cent, doubling the outlay. This is in no way justified, as the report’s authors timidly accept: ‘The inflation-adjusted measure of the IT sector may overstate its practical contribution to overall economic growth . ’ (p. 6). The third incidence of statistical massaging involves defining the total IT labour force as all those employed in the above sectors plus all those occupations in other sectors that are ‘IT-related’.
New Economy, New Myth by Jean Gadrey
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