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Living and working in the new economy
The new ‘service economy’, is it a direct result of globalisation? This...
The new ‘service economy’, is it a direct result of globalisation? This unit examines the switch from manufacturing to services and looks at the impact of information and communication technologies on the economy as a whole. The ‘new economy’ has many benefits, but at what cost?
After studying this unit you should be able to:
- appreciate different understandings of the new economy;
- understand claims about the benefits and costs of the new economy.
- Duration: 15 hours
- Published on: Wednesday 25th May 2011
- Level: Intermediate
- Posted under: Sociology
Living and working in the new economy
Introduction

This unit considers four ways in which some social scientists have claimed that there might be a ‘new economy’ coming in to being: the switch from manufacturing to services, globalisation, new technology and flexible labour markets. The good and bad points of economic change, its benefits and costs, are discussed. For example, what does it mean for people trying desparately to balnace the urgent demands of work and life?
This unit is an adapted extract from the course Economics and economic change (DD202) [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)]
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