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Published byIra Parsons Modified over 9 years ago
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Chapter Twelve The European Information Economy
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European Information Economy ` An economy in which the quality of life as well as prospects for commercial activity and economic change depends upon information and its exploitation’ Martin 1995
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European Information Economy These changes will influence -nature of economy -Living standards -Patterns of work and leisure -Education -Nature of commercial transactions
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European Information Economy Emergence indicated by: -emergence of the internet as a commercial tool -Rise of knowledge/information intensive industries -Importance of media -Information intensive products/services -Electronic communication/distribution channels
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European Information Economy Emergence has been driven by: -Globalisation -Shifting competitive advantage -Improvements of technology -Rise of service sector Especially pertinent for Europe and other developed economies
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Information and Competitiveness Aid decision making Rationalisation of production and operations Increased flexibility of organisation Platform for further development
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Information and Competitiveness Key challenge Turning information into enterprise wide knowledge
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Links to globalisation Makes skills and know how portable Facilitate a more rapid response to globalisation Eliminate barriers of distance Reduce transaction costs involved in trade
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Links to globalisation Time-space convergence Cost-space convergence Gradual abolition of geographical and political frontiers Thus overcome friction of distance
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Issues for Europe EU @390 million users Has lagged behind US and Japan in development of information economy Slow growth of internet, electronic commerce Poorer performance in information supply industries.
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Why has Europe lagged ? Cost of internet access Attitude of management Education systems Wait and see attitude Poor state of liberalisation Poor penetration of ICTs
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Generic Concerns Security Privacy IPR Content Taxation issues Legal framework
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An EU Strategy People centred Set in context of entrepreneurship and broad industrial policy objectives Promote scale between separate states Development should be market led
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An EU Strategy Key issues -affordable telecoms -Respond to user needs -Secure adequate training -Increase awareness -develop products that are useful
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AN EU Strategy Seek economies of scale in information supply Commercial incentive to supply all parts of EU social body Address issues of information have and have nots
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An EU Strategy Supply side measures -regulatory measures -Research and development -deployment measures -Market creation
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An EU Strategy Demand side measures -target specific groups (SMEs, unemployed, etc.) -Aid social cohesion -Aid employment -Regional cohesion
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Progress European information economy developing through -freer access to internet -Money to on-line ventures -E-commerce sales boom -Increased entrance by non-EU enterprises
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Developments Northern Europe ahead of Southern Europe Business is majority of EU e-commerce Consumer e-commerce is emerging Could be aided by single currency introduction
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