When we talk about the information economy, we couldn't pass the information technology revolution. It is the material basis for the information economy. Through the advance technology,the capital ,the information, the market and the lad can be connected making a global one.

Also we shall realize that old society's 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 generate,process, 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. Technology,and management of techn

But first of all the network is business networks, or on other words, the informational and global economy. For the first time in history ,the basic unit of economic organization is not a subject, be it individual or collective. The unit is the network, made up of a variety of subjects and organizations, underdifferent forms, in different contexts,and from different cultural expressions.

On the other hand, the information economy give a chance to the third worlk to try to different developing styles. The author give a high value to the model of the East Asia. The "developmed Asia" is become a main manufacture region in the world by 2000. Furthermore the importance of this manufacture is in electronic ,the critical sector for the information economy, and may also take the lead in autombile manufacturing.

The rise of the networks society is also means the change of the society and culture, because changes in relationships of production ,power,and experience coverge toward the transformation of material foundations of the society life,space,and time. Under the informational paradigm, a new culture has emerged from the superseding of places and the annihilation of timeby the space of flows and by timeless time: the culture of real virluality.

Since the economy became informational and global, every country should adjust the organization to fit for the trend. How has the third world been effected in new economy? On the one hand, the unbalance is still serious. If add to the OECD the four newly industrialized countries of Asia, in 1988 the three major economic regions respresented 72.8% of the worldis manufacturing production, and in 2000, their share still amount to 69.5%, while the population of these three region is only 15.7% of the world population.

I thinkthe basic meaning is from the technology. new telecommunication networks; new, powerful desktop computers; new,adaptive,self

Some common words found in the essay are:
, Silicon Valley, Latin America, South Africa, North SouthI, East Asia, North America, America Africa, Finaincal Crisis, information economy, Northern Italy, global economy, informational global, informational global economy, latin america, world effected economy, third world, world effected, effected economy, developing countries, economy lead, capital information, third world effected,
Approximate Word count = 1281
Approximate Pages = 5 (250 words per page double spaced)