Embed Size (px)
DESCRIPTION
Information and knowledge are decisive in human development. Since the industrial revolution, information architecture designed on the principles of industrial economy has been predominant in the functioning of the society. The technological advances in Internet and Telecommunications within the society aided the shift from industrial economy to a services based economy are creating a foundation for a new order of information and knowledge access, control and transfer. The implications on the functioning of the governments, corporations and society notwithstanding, remains uncertain if these forces will lead to strengthening the order of information feudalism or would they create conditions for decentralization and diffusion of information resources creating a new order of social production and exchange at the core of the economy rather than the periphery . We examine the implications of these structural changes on the governments, private corporations and society in the context of emerging economies.
Citation preview
Globalization, Information Globalization, Information Economy, Private Corporations and , Private Corporations and Public policy: Addressing the Public policy: Addressing the challenges in emerging challenges in emerging economies.economies.
Prof. T.V.P ChowdryProf. T.V.P ChowdryWelingkar Institute of Management, BangaloreWelingkar Institute of Management, Bangalore
Prof. Prashant Kulkarni Prof. Prashant Kulkarni IBA BangaloreIBA Bangalore
Prof. Anantha Murthy.N.K.Prof. Anantha Murthy.N.K.IBA, BangaloreIBA, Bangalore
Presentation at 6th Academy of International Business (AIB) India Chapter conference, IIM Indore, August 12, 2008
… …. . redistribution of property rights ….. involves a transfer of knowledge assets from the intellectual commons into private hands. These hands belong to media conglomerates and integrated life sciences corporations rather than individual scientists and authors. ……raise levels of private monopolistic power to dangerous global heights… when states….. weakened by the forces of globalization, have less capacity to protect their citizens from the consequences of the exercise of this power. ….. loss of Rome’s capacity to protect its citizens ……. important condition for the feudalization of its social relationships.
Peter Drahos (Information Feudalism-2002)Peter Drahos (Information Feudalism-2002)
.......emergence of a substantial component of .......emergence of a substantial component of non-market production at the very core of non-market production at the very core of our economic engine — the production and our economic engine — the production and exchange of information, and through it of exchange of information, and through it of information-based goods, tools, services, and information-based goods, tools, services, and capabilities......... suggests a genuine limit on capabilities......... suggests a genuine limit on the extent of the market. Such a limit…... the extent of the market. Such a limit…... would represent a genuine shift in direction would represent a genuine shift in direction for what appeared to be the ever-increasing for what appeared to be the ever-increasing global reach of the market, global reach of the market, economy and and society in the past half century.society in the past half century.
Yochlai Benkler (Wealth of Networks- Yochlai Benkler (Wealth of Networks- 2006)2006)
Economic Activities and ChangeEconomic Activities and Change
Internet and digital revolutionInternet and digital revolutionPigeons/smoke-signals to internetPigeons/smoke-signals to internet
Diffusion of information within the societyDiffusion of information within the society70% of wealth accumulated in the rich economies is in 70% of wealth accumulated in the rich economies is in the form of intangible, knowledge based assets (Gelder, the form of intangible, knowledge based assets (Gelder, 2006)2006)
Access to information (Assets)Access to information (Assets)Shift from the private corporations/State to Civil Society?Shift from the private corporations/State to Civil Society?
Redistribution of power between nation state and Redistribution of power between nation state and societysociety
Distribution of political capacity between Distribution of political capacity between state and non state (stateless-beyond state and non state (stateless-beyond sovereign) actorssovereign) actors Mobility of capitalMobility of capital Access and control over transnational Access and control over transnational
communication, financing and production communication, financing and production networks.networks.
ICANN and the InternetICANN and the Internet
TRIPS and Knowledge IndustryTRIPS and Knowledge Industry
Creation of a OKEC?Creation of a OKEC?(OKEC – Organization of Knowledge Exporting Corporations)(OKEC – Organization of Knowledge Exporting Corporations)
TNT-Nylon – Genes TNT-Nylon – Genes (DuPont)(DuPont)
Global expansion of Intellectual Property Rights SystemGlobal expansion of Intellectual Property Rights SystemCentralized transnational command with loss of sovereign Centralized transnational command with loss of sovereign or individual libertyor individual liberty
University Industrial ComplexUniversity Industrial ComplexR&D CommerceR&D Commerce
Novartis, Celera, MonsantoNovartis, Celera, Monsanto
Firm Management to Global Decision MakingFirm Management to Global Decision MakingPfizer and Doha RoundPfizer and Doha Round
Davos – World Economic ForumDavos – World Economic Forum
Democratization of InformationDemocratization of Information
Collaborative knowledge sharingCollaborative knowledge sharing Wikipedia to InnocentiveWikipedia to Innocentive P2P NetworksP2P Networks
Napster to TorrentsNapster to Torrents BlogsBlogs
Open sourcingOpen sourcing Linux, Open Office etc…Linux, Open Office etc…
New Business ModelsNew Business Models Pareto Distribution to Long TailPareto Distribution to Long Tail
PropositionsPropositionsTechnology enabled transnational society transforms market structures enabling and empowering Knowledge Inclusion
State power will continue to exist, there will be redistribution of power
Market will seek to enhance their power but society resistance, not state regulation will limit their power?
Future OutlookFuture OutlookDiffusion of Technology –Enabling and Empowering?Diffusion of Technology –Enabling and Empowering?
National SovereigntyNational Sovereignty Institutional mechanismsInstitutional mechanisms Use private actors for regulatory activitiesUse private actors for regulatory activities
Advantage Corporations?Advantage Corporations? Ability to exploit the changing market structuresAbility to exploit the changing market structures
Little evidence for supportLittle evidence for support Music industryMusic industry
NGO-Industrial Complex?NGO-Industrial Complex? Third & Fourth party certificationThird & Fourth party certification
Society heading to a ‘Brave New World’?Society heading to a ‘Brave New World’?
Your CommentsYour Comments
