CCT109H5 Lecture Notes - Lecture 9: Knowledge Economy, New Media, Explicit Knowledge

• School: UTM
• Department: Communication, Culture and Technology
• Course: CCT109H5
• Professor: Jeremy Packer

Document Summary

Key terms: knowledge economy, recombinant new media, knowledge. Plays a part in weakening the cultural bonds that tie to nation states and national communities: globalization. The ever-increasing international flows of people, money, and information in support of trade, production, finance, and cultural industries. Can be economic, legal, political, and/or cultural: knowledge as a tool for wealth creation, growth of intangible capital has been accelerating in the economy for the whole of the twentieth century. Expansion of the available marketplace from geographically defined. The reduction of costs, creating, processing and distributing information. People take resources and rearrange them in ways that are more valuable. Easy to communicate, store, and distribute and is the knowledge found in books, on the web, and other visual and oral means. The kind of knowledge that is difficult to transfer to another person by means of writing it down or verbalizing it. Application of new knowledge to new products, processes, and services.