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3.4 The weightless economy

In this subsection we want to look at one attempt to link some of the positive and negative aspects of the new economy. Danny Quah is an economist at the London School of Economics who has studied the new economy over a number of years. He refers to the new economy as the weightless or dematerialised economy and he examines its economic implications and also why it has a tendency to lead to increasing economy inequality.

According to the ‘weightless economy’ argument, the fac
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3.2 The benefits of the new economy

The benefits claimed for the new economy are mainly concerned with technological change, productivity and economic growth. Manuel Castells (2001) argues that we have entered a new technological paradigm centred around microelectronics-based information/communication technologies. The development of the internet, in particular, is said to have profound implications for the organisation of economic activity and for increasing productivity.

The internet provides a new communication medium
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2.4 Information and communication technologies

The new economy is much more than a shift from manufacturing to services and the increased integration of economies on a global scale. It is also strongly linked to the development of ICT, which has facilitated the development of new processes and products, especially ‘knowledge goods’ which are described below.

The internet has increased the ‘connectivity’ or interconnectedness between economies by making textual communication possible in real time as well as providing a new me
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2.2 The shift from manufacturing to services in industrialised economies

There was a profound restructuring of economic activity in ‘older’ industrialised countries in the last quarter of the twentieth century from manufacturing to service activities. There are several reasons for this restructuring. First, the long-established industrialised countries such as Germany, the USA, Japan and the UK have faced increasingly intense competition as more countries have industrialised. Second, productivity, or output per worker, has increased in manufacturing industries
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Acknowledgements

The content acknowledged below is Proprietary (see terms and conditions) and is used under licence.

This extract is taken from D218: Social policy: welfare, power and diversity, produced by the BBC on behalf of the Open University.

© 2007 The Open University.


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Acknowledgements

Except for third party materials and otherwise stated (see terms and conditions), this content is made available under a Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Licence

This extract is taken from D315: Crime, order and social control, produced by the BBC on behalf of the Open University.


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Acknowledgements

This chapter is taken from Living Political Ideas (eds) Geoff Andrews and Micheal Saward published in association with Edinburgh University Press (2005) as part of a series of books which forms part of the course DD203 Power, Dissent, Equality: Understanding Contemporary Politics.

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Introduction

This unit is based on a chapter from the book Living Political Ideas, which is part of the current course DD203 Power, Equality and Dissent. It really attempts to do two things at once. It is about the core concepts and processes with which human groups that think of themselves as nations challenge the existing order and assert their right to a state of their own. And at the same time it is a kind of gentle introduction to how to study political ideas. It is more theoretical, or
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7.1 History

So far, I have provided a brief historical background for England, Scotland, Wales and Northern Ireland, one that accounts for their distinctive identities and for the origins of their differing role within the UK. I have also defined devolution as an asymmetric decentralisation process which responds to the claims advanced by the nations constituting the UK state. What, then, do we mean by Britain? Is it a nation? If so, when did the British nation begin to exist? The historian Linda Colley
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Engaging students in ethical debates
This case study outlines an investigation into the acceptance of a new pedagogical paradigm aiming to engage and inspire students in ethical and entrepreneurial activity
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11.404 Session 03 - Housing Finance
Session 3 - Housing Finance
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Raider Red Spreads Spirit and Love
January 21 is National Hugging Day, and Raider Red wanted to spread the love to everyone at Texas Tech University.
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7 Logarithms

The equation 23 = 8 means that 3 is the index of the power to which we raise the number 2 to produce 8.

A logarithm is an index, and in this example, 3 is the logarithm of 8 to the base 2. We write this as

Log2 8 = 3

These two equations are identical: 23 = 8 and log2 8 = 3

They express the same fact in the language of logarithms.


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5.3 Tradition and transformation

Identification of specifically European traditions, such as that of a European system of values, is no easy task. Europe arrogated the Christian faith to itself, but it was hardly in Europe that it originated and the practice of Christianity has never been restricted just to Europe. Modern Europe also identified itself with traditions of civilization, progress and a general superiority over other cultures and peoples, although European practice and the ends to which its growing power was put
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6.2 Dual labour market theory

According to this theory, the labour market is composed of self-contained sub-markets or segments. Segmentation economists argue that ignoring the different identities of these segments and the constraints they place on the workers makes it impossible to understand the nature of labour market disadvantage. Basically, the dual approach hypothesises that a dichotomy has developed over time between a high-wage primary segment and a low-wage secondary segment. Working conditions in the primary se
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3.1 Gender-based disadvantage

The post-war period has seen a significant increase in the participation of women in the labour market, with women now making up around 45 per cent of the UK workforce. Although women still undertake the major share of family responsibilities and domestic activities, an increasing number of women are entering the labour market. This increase is evident in many countries and has been associated with an improvement in the relative earnings of women. This trend towards greater equality is eviden
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2.1 Common sense and social problems

This concern with social construction may seem troubling or even a distraction from the real business of studying social problems. However, it is built on one of the starting points of the social scientific approach, namely that in order to study society we must distance ourselves from what we already know about it. We need to become ‘strangers’ in a world that is familiar. The defining characteristic of a ‘stranger’ is that she or he does not know those things which we take for grant
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1.1 What is ‘social’ about a social problem?

In the late twentieth century a list of current social problems in the UK might include poverty, homelessness, child abuse, disaffected young people and non-attendance at school, school discipline, the treatment of vulnerable people in institutional care, vandalism, road rage, lone parenting and divorce. This brief list was drawn up from news items on television and radio and in newspapers in the month that this unit was being written. As you read this unit, some of these may still be issues,
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5.1 Arithmetic operations

Processes such as addition of numbers are called binary operations. (The word “binary” here reflects the fact that a binary operation combines two data items.) A binary operation is a particular form of function. To see this, we need to recognise the appropriate signature.

If you add two integers, then the resulting value is also an integer. So addition of integers takes two integers and returns an integer value. Thus adding integers is a function with signature Int
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4.2.2 ATM layer

The primary functions of the ATM layer are associated with the routing and switching of ATM cells. Because ATM cells are packets, the switches are packet switches and the switching operation can be called forwarding, but by convention, because the ATM layer provides a connection-oriented service, the term ‘forwarding’ is generally not used.

The path cells take and the resources allocated to them depend on their service category. This is determined when a virtual connection is
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