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By Nagy Hanna
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Additional resources for The information technology revolution and economic development, Parts 63-120
Sample text
Information-intensive services. Information-based services, such as publishing, broadcasting, libraries, engineering, and professional services, are being transformed, and new information services, such as data communication and processing and databanks, are being created. The information services industry (for example, commercial databases) is still a small part of the service sector, but it is growing very rapidly. 52. Growing interdependence of industries and services. Goods-producing industries have become highly dependent on service activities, either performed within the firm or purchased from producer-services vendors (see Figure 2: Quinn).
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Cit. Page 15 Industrial Development 39. Industrial transformation. 14 Some of these pervasive effects are reflected in mutually reinforcing changes in the design of products and processes and in the nature of industrial competition. Market horizons have become broader, due not only to more information available on markets, but also to competitor responses to developments in those markets. Timely and detailed information about markets, point-of-sale information, and electronic linkages to clients and distributors has enhanced the capability to tailor products and services to consumer groups and market niches (and to track changes).