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The rise of information technology has yet to usher in an economic or social revolution. Or so says Don Tapscott, author of The Digital Economy. Tapscott, who has written extensively about this subject, states that computers have been nothing more than digital filing cabinets thus far. However, the revolution is upon us. A combination of microprocessors and fibre optic communications has created an information utility through networks, which Tapscott calls "the infostructure." These networks are the true drivers of the digital revolution and the New Economy. In this economy, Tapscott believes that individuals, businesses and governments must adapt to the infostructure or fall behind.
The first part of The Digital Economy familiarizes the reader with the New Economy. There are three pieces to the puzzle: New Economy dynamics, technology and human...