Impact of economics in political and social change

What brought about the worst economic downturn in modern history? Economic history The timing and severity of the Great Depression varied substantially across countries. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes.

Impact of economics in political and social change

Provided by BBVA The Internet is the decisive technology of the Information Age, and with the explosion of wireless communication in the early twenty-first century, we can say that humankind is now almost entirely connected, albeit with great levels of inequality in bandwidth, efficiency, and price.

People, companies, and institutions feel the depth of this technological change, but the speed and scope of the transformation has triggered all manner of utopian and dystopian perceptions that, when examined closely through methodologically rigorous empirical research, turn out not to be accurate.

For instance, media often report that intense use of the Internet increases the risk of isolation, alienation, and withdrawal from society, but available evidence shows that the Internet neither isolates people nor reduces their sociability; it actually increases sociability, civic engagement, and the intensity of family and friendship relationships, in all cultures.

But individuation does not mean isolation, or the end of community. Instead, social relationships are being reconstructed on the basis of individual interests, values, and projects. Today, social networking sites are the preferred platforms for all kinds of activities, both business and personal, and sociability has dramatically increased — but it is a different kind of sociability.

Most Facebook users visit the site daily, and they connect on multiple dimensions, but only on the dimensions they choose.

Impact of economics in political and social change

The virtual life is becoming more social than the physical life, but it is less a virtual reality than a real virtuality, facilitating real-life work and urban living.

At root, social-networking entrepreneurs are really selling spaces in which people can freely and autonomously construct their lives.

Sites that attempt to impede free communication are soon abandoned by many users in favor of friendlier and less restricted spaces. Messages no longer flow solely from the few to the many, with little interactivity. Now, messages also flow from the many to the many, multimodally and interactively.

Economics and political economy

By disintermediating government and corporate control of communication, horizontal communication networks have created a new landscape of social and political change.

Networked social movements have been particularly active sincenotably in the Arab revolutions against dictatorships and the protests against the management of the financial crisis. Online and particularly wireless communication has helped social movements pose more of a challenge to state power.

The Internet and the Web constitute the technological infrastructure of the global network society, and the understanding of their logic is a key field of research.

It is only scholarly research that will enable us to cut through the myths surrounding this digital communication technology that is already a second skin for young people, yet continues to feed the fears and the fantasies of those who are still in charge of a society that they barely understand.

Read the full article here. He received the Erasmus Medal inand the Holberg Prize. He has published 25 books, including the trilogy The Information Age:Voluntas, the official journal of the International Society for Third-Sector Research (ISTR), is an interdisciplinary journal that provides a central forum for worldwide research in the area between the state, market, and household sectors.

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The causes of social change below affect or characterize every aspect of society across the world. On a macro scale, they shape all of our major social institutions (economics, politics, religion, family, education, science/technology, military, legal system, and so on.

Economics: Economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth.

Economics was formerly a hobby of gentlemen of leisure, but today there is hardly a government, international agency, or large commercial bank that . Social, Economic & Political Effects ; Title. Social, Economic & Political Effects.

Quick revise. The video and text below look at the social, economic and political effects of population in LEDC and MEDC countries.

Impact of economics in political and social change

Social Effects. Examples can be found below of what strategies have been used to cope with population change. Political economy: Political economy, branch of social science that studies the relationships between individuals and society and between markets and the state, using a diverse set of tools and methods drawn largely from economics, political science, and sociology.

The term political economy is . Economics (/ ɛ k ə ˈ n ɒ m ɪ k s, iː k ə-/) is the social science that studies the production, distribution, and consumption of goods and services..

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions.

The Impact of the Internet on Society: A Global Perspective - MIT Technology Review