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Growth of the Digital Economy

Growth of the Digital Economy
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Author(s): Stephen M. Mutula (University of Botswana, Botswana)
Copyright: 2010
Pages: 14
Source title: Digital Economies: SMEs and E-Readiness
Source Author(s)/Editor(s): Stephen M. Mutula (University of Botswana, Botswana)
DOI: 10.4018/978-1-60566-420-0.ch002

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Abstract

As pointed out in the previous chapter, the concepts ‘digital economy’, ‘information economy’, ‘information society’ and ‘knowledge society/economy’ are inextricably intertwined and are often used interchangeably. However, the concept ‘information society’ is increasingly being seen as a unifying term. In defence of why this is so, Schienstock et al. (1999) have argued that the notion of an ‘information society’ is presented as a strategic aim meant to overcome current social stagnation. The central argument is that the information society would create and secure millions of new jobs; guarantee economic competitiveness; bring ecological advantages; intensify democracy; and revolutionize our ways of living and working with the help of new communication technologies.

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