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Word Count: 1,286
Information economy or the other words knowledge economy is vey hot in the last two years in China though a lot of people still have no clear idear about this conception American economic structures change gives us a good example In my personal opinion that the most part in the world still keep in the production economy however they also make a change to adapt new information economy When we talk about the information economy we couldnt pass the information technology revolution It is the material basis for the information economy Through the advance technologythe capital the information the market and the lad can be connected making a global one Also we shall realize that old societys attemp to retool itself by using the power of technology to derve the technology of power The main charcterof the information economy is that the productivity is based on the capacity to generateprocess and apply efficiently knowledge-based information The information itself to become the product of the production process First the pure manufacturing is slowing dwn in the whole economy It will not be vanished but is increasing throughpartly hidden avenues in expanding circles Technologyand management of technology involving organizational change could be diffusing from information technologymanufacturing telecommunicationsand finanical services into manufacturing then to business service Obviousely the services industry in US or other G-7 cuntries such as telecommunications air transportantion increase very fast The dynamics of the economy growth is not the engery but the information and knowledge based technology In this process the state act as an important role Since the mid-1980s states all over the world have also engaged in deregulating markets and privatizing public companies At the same time states make technological and educational policies in order to improving the power of countrys competition Actually we can expect the information economy bring us a new way to organize the worlds economy structure
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