Policy Implications of the New Information Economy

An ever more popular theme in the scientific literature, government policy documents and the popular press, is that technologically advanced economies are in the process of moving beyond industrial capitalism to information-based economies. This transformation is expected to bring profound changes in the form and structure of economic, social, cultural and political systems. European Union (EU) integration and the North American Free Trade Agreement (NAFTA) are just two illustrations of this ongoing restructuring of economies and societies (Melody 1985a).

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