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Living and working in the new economy
The new ‘service economy’, is it a direct result of globalisation? This unit examines...
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.
- Current section: Introduction
- Learning outcomes
- 1 What is the ‘new economy’
- 2 Understanding the new economy
- 3 The benefits and costs of the new economy
- 4 Conclusion
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Living and working in the new economy
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 material is from our archive and is an adapted extract from DD202 Economics and economic change, which is no longer taught by The Open University. If you want to study formally with us, you may wish to explore other courses we offer in this.
This is an extract from an Open University course which is no longer available to new students. If you found this interesting you could explore more free Sociology courses or view the range of currently available OU Sociology courses.
Copyright & revisions
Originally published: Tuesday, 4th February 2014
Last updated on: Tuesday, 4th February 2014
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