The Economics of Internetization

2019 ◽  
pp. 1714-1729
Author(s):  
Constantine E. Passaris
Keyword(s):  
International Economic ◽  
Civil Society ◽  
21St Century ◽  
Global Economy ◽  
World Wide ◽  
Transformational Change ◽  
Operational Parameters ◽  
Human Endeavor ◽  
The World ◽  
Economic Landscape

Internetization is a new word and concept that has gained currency with the advent of the new global economy of the 21st century. Prior to the ascendance of internetization, economists had embraced the term globalization to describe the operational parameters of the new economy. The problem with the word globalization is that it is neither a new concept nor is it an appropriate descriptive for the contemporary transformational change precipitated by the spectacular technological inventions on the international economic landscape. The new word, internetization, describes more succinctly the transformative powers of the world wide web and the electronic information highway on the evolving dynamics of interconnectivity for the new global economy of the 21st century. Indeed, internetization captures the pervasive influence of technological change and electronic innovations on the global economy and all aspects of human endeavor for our civil society in the 21st century.

The Economics of Internetization

2018 ◽  
pp. 7980-7994
Author(s):  
Constantine E. Passaris
Keyword(s):  
International Economic ◽  
Civil Society ◽  
Technological Change ◽  
21St Century ◽  
Global Economy ◽  
World Wide ◽  
Transformational Change ◽  
Operational Parameters ◽  
The World ◽  
Economic Landscape

Internetization is a new word and concept that has gained currency with the advent of the new global economy of the 21st century. Prior to the ascendance of Internetization economists had embraced the term globalization to describe the operational parameters of the new economy. The problem with the word globalization is that it is neither a new concept nor is it an appropriate descriptive for the contemporary transformational change precipitated by the spectacular technological inventions on the international economic landscape. The new word, Internetization, describes more succinctly the transformative powers of the world-wide-web and the electronic information high way on the evolving dynamics of interconnectivity for the new global economy of the 21st century. Indeed, Internetization captures the pervasive influence of technological change and electronic innovations on the global economy and all aspects of human endeavour for our civil society in the 21st century.

Dancing Across the World Wide Web: Advocacy in the 21st Century

2009 ◽  
Author(s):  
Blair Williams Cronin ◽  
Ty Tedmon-Jones ◽  
Lora Wilson Mau
Keyword(s):  
World Wide Web ◽  
21St Century ◽  
World Wide ◽  
The World

Globalization and interconfessional communications

2001 ◽  
pp. 13-17
Author(s):  
Serhii Viktorovych Svystunov
Keyword(s):  
21St Century ◽  
Global Economy ◽  
Modern World ◽  
The World ◽  
Target Set ◽  
Almost All ◽  
Over Time ◽  
Rapid Appearance

In the 21st century, the world became a sign of globalization: global conflicts, global disasters, global economy, global Internet, etc. The Polish researcher Casimir Zhigulsky defines globalization as a kind of process, that is, the target set of characteristic changes that develop over time and occur in the modern world. These changes in general are reduced to mutual rapprochement, reduction of distances, the rapid appearance of a large number of different connections, contacts, exchanges, and to increase the dependence of society in almost all spheres of his life from what is happening in other, often very remote regions of the world.

Ways out of the Globalization Trilemma

2019 ◽  
Author(s):  
Carsten Herrmann-Pillath
Keyword(s):  
International Economic ◽  
International Trade ◽  
Civil Society ◽  
Trade Policy ◽  
World Trade Organization ◽  
World Trade ◽  
Dispute Settlement ◽  
Policy Issues ◽  
The World ◽  
Operational Criterion

Based on Rodrik’s diagnosis of a “globalization trilemma” in designing the institutions of international economic exchange, this chapter suggests a solution that applies Sen’s argument favoring realization-focused comparisons over transcendental institutionalism in evaluating institutions. In the paradigm of deliberative trade policy, this contribution approaches the World Trade Organization (WTO) as a regime of deliberation, reaching beyond the scope of interactions with civil society. This prepares the ground for normative principles of WTO reform that shift the emphasis from efficiency to justice, mainly in the procedural sense. The central operational criterion is the inclusiveness of international trade and trade policy. This is applied on the issues of multilateralism versus regionalism and the design of the dispute settlement process. A WTO renewed under the auspices of deliberative trade policy can meet the challenges of new trade policy issues such as coordination of regulatory regimes under the conditions of rapid and unpredictable technological change, and can resolve the tension between democracy and globalization as laid out in the globalization trilemma.

Institutions and the Global Political Economy

2017 ◽  
Author(s):  
Lisa L. Martin
Keyword(s):  
International Economic ◽  
Nineteenth Century ◽  
Political Economy ◽  
Global Economy ◽  
International Institutions ◽  
Well Being ◽  
Economic Institutions ◽  
Global Political Economy ◽  
The World ◽  
The Impact

In a comparison of today’s global political economy with that of the last great era of globalization, the late nineteenth century, the most prominent distinction is be the high degree of institutionalization in today’s system. While the nineteenth-century system did have some important international institutions—in particular the gold standard and an emerging network of trade agreements—it had nothing like the scope and depth of today’s powerful international economic institutions. We cannot understand the functioning of today’s global political economy without understanding the sources and consequences of these institutions. Why were international organizations (IOs) such as the World Trade Organization (WTO) or International Monetary Fund (IMF) created? How have they gained so much influence? What difference do they make for the functioning of the global economy and the well-being of individuals around the world? In large part, understanding IOs requires a focus on the tension between the use of power, and rules that are intended to constrain the use of power. IOs are rules-based creatures. They create and embody rules for gaining membership, for how members should behave, for monitoring, for punishment if members renege on their commitments, etc. However, these rules-based bodies exist in the anarchical international system, in which there is no authority above states, and states continue to exercise power when it is in their self-interest to do so. While states create and join IOs in order to make behavior more rule-bound and predictable, the rules themselves reflect the global distribution of power at the time of their creation; and they only constrain to the extent that states find that the benefits of constraint exceed the costs of the loss of autonomy. The tension between rules and power shapes the ways in which international institutions function, and therefore the impact that they have on the global economy. For all their faults, international economic institutions have proven themselves to be an indispensable part of the modern global political economy, and their study represents an especially vibrant research agenda.

21st Century House Call: The Internet and the World Wide Web

1999 ◽  
Vol 13 (4) ◽  
pp. 42-50 ◽  
Author(s):  
Whitney R. Bischof ◽  
Stefanie J. Kelley
Keyword(s):  
World Wide Web ◽  
21St Century ◽  
World Wide ◽  
The Internet ◽  
The World ◽  
House Call

scholarly journals Implementation of 21st Century Skills in Higher Education of Pakistan

2019 ◽  
Vol IV (III) ◽  
pp. 223-233
Author(s):  
Hayat Khan ◽  
N.B. Jumani ◽  
Nawab Gul
Keyword(s):  
Higher Education ◽  
Problem Solving ◽  
21St Century ◽  
21St Century Skills ◽  
Global Economy ◽  
Industrial Economy ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The World ◽  
Skills Learning

The emergence of the global economy has changed the demands of citizenship and employment in the new millennium. The world is shifting from an industrial economy to knowledge based economy. Keeping in view these challenges, 21st century society and work sphere require individuals equipped with 21st century skills. Therefore the present study was designed to examine the implementation of 21st century skills in universities of Pakistan. The aim of the study was to examine the existing programs and practices at the universities and their relation with 21st century skills. Learning and innovation skills, also called 4Cs skills, were taken as 21st century skills in the present study. These skills consist of (i) critical thinking and problem solving, (ii) communication, (iii) collaboration, and (iv) creativity. Findings of the study revealed that these skills were not fully developed in majority of the students in universities.

scholarly journals The Global Economy in the 21st Century: Will the Trends of the 20th Century Continue?

2018 ◽  
Vol 2 (49) ◽  
pp. 62-72
Author(s):  
Stanisław Gomułka
Keyword(s):  
20Th Century ◽  
21St Century ◽  
Global Economy ◽  
Growth Theory ◽  
Capita Gross Domestic Product ◽  
Average Growth ◽  
The World ◽  
Current Century ◽  
Per Capita ◽  
Global Economic Growth

Abstract This paper compares three lists of basic ‘stylized facts’ of global economic growth and proposes a list of five ‘stylized trends’ that describe the main developments of the global economy in the 20th century. The author’s main purpose is to answer the question whether, in the light of the contemporary growth theory and demographic forecasts, these trends are likely to continue in the 21st century. Considering this theory, it is argued that the global economy rate of growth of the per capita gross domestic product (GDP) is likely to continue to be high in the first half of the current century, but decline significantly in the second half. This paper offers forecasts for the average growth rates during this century, and the levels by its end, of the per capita GDP for the technology frontier area (TFA) of the world, and for the countries outside the TFA. According to these forecasts, the strong divergence trend of the 19th and 20th centuries will be replaced by a strong convergence between the TFA and the other countries during the 21st century.

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