Digital economy

{{Economic systems (sidebar)} A digital economy is an economy that is based on electronic goods and services produced by an electronic business and traded through electronic commerce. That is, a business with electronic production and management processes and that interacts with its partners and customers and conducts transactions through Internet and Web technologies.

Digital Economy

The concept of a digital economy emerged in the last decade of the 20th century. Nicholas Negroponte (1995) used a metaphor of shifting from processing atoms to processing bits. He discussed the disadvantages of the former (e.g., mass, materials, transport) and advantages of the latter (e.g., weightlessness, virtual, instant global movement). The Net is now the iconic technology of our age.

References

• Holmes, Douglas. 2001. E-Gov. Nicholas Brealey. p223
• Negroponte, Nicholas. 1995. Being Digital. Vintage Books. intro.
• Rayport, Jeffrey F. and John J. Sviokla. 1995. "Exploiting the Virtual Value Chain", in: Harvard Business Review, Nov.
• Rifkin, Jeremy. 2000. The Age of Access. Penguin Putnam. p 4, 19
• Simard, Albert. 2001. Creating and Using Knowledge in a Digital Economy. [1]
• Sparr, Debora L. 2001. Ruling the Waves. Harcourt. p3
• Tapscott, Don. 1996. The Digital Economy. Mcgraw-Hill.

See also

• Digital Economy
• Electronic business
• Electronic Commerce
• Information economy
• Information Society
• Knowledge Economy
• Knowledge management
• Knowledge market
• Knowledge services
• Network Economy
• Virtual economy