Understanding the New Digital Economy Essay Example | Topics and Well Written Essays - 4500 words

Understanding the New Digital Economy - Essay Example The rapid development brought about in the areas of technology has also boosted up one crucial factor which cannot be ignored when it comes sustainable and continued economic growth (Gumah & Jamaluddin, n.d.). This crucial factor can be commonly referred to as the communication process. In relation to the above fact, communication can be considered as a vital factor contributing to the social and cultural development of an economy. Through the effective use of communication, multiple business processes has come up and are expected to flourish in the later years. More specifically, the entire concept of globalization can be stated to have been dependent on technology. As for the current marketing trend, the entire business world has turn digitised. At present, people across the world can be widely seen to be eager to perform digital or online marketing with the sole purpose of saving both time as well as money. Although the concept of digitization is not so old but it has got a great perspective in terms of acting as an economic development factor (Gumah & Jamaluddin, n.d.). Digitization in general can be seen to be promoting trade which in turn benefiting the economy in myriad ways (Gumah & Jamaluddin, n.d.). The main objective of this discussion is to evaluate and understand the new digital economy. This topic also includes sub parts such as understanding of the aspects which have directly or indirectly contributed towards transition of traditional economy into a new digitised economy. This section will comprise of the thoughts and ideas of few authors who seem have quoted in context to this topic. As per the Strategy Dynamic Global SA (2013), technology have helped multiple nation in segregating their ‘ previous economic stance’, ‘education system’ and ‘social obligations’. This group also quoted that the

How Important Was Nationalism as a Cause of Revolution in 1848 Essay

How Important Was Nationalism as a Cause of Revolution in 1848 - Essay Example uperiority in Europe became evident in 20th century, when millions of Jews were massacred in German anti Semitism campaign and the Holocaust (Tackett, 2003). It is apparent that conservatism caused social and political challenges in Europe. Consequently, other ideologies developed as suitable alternatives in the 19th century. Some of the ideologies included socialism, trade union movements and democracy. Karl Marx and Friendrich Engels are the pioneers of socialism. Socialism was the direct opposite of nationalism and liberal ideologies and it emphasized on the collective community wellbeing rather than individualism advocated by the nationalistic and liberal movements. To ensure existence of collective communism in society, socialists advocated for proactive and planned state initiated policies to bring the desired social change. In Europe, socialists opposed capitalist and laissez- faire economics vehemently. Regarding economics, socialists supported state ownership of all means of production and distribution (Periwal, 1995: 76-81). In 1848, Karl Marx and Engels published the Communists Manifesto one of the most revolutionary writings of the century produced during a period of profound economic and political changes in the European continent. The two authors argued that human existence was characterised by perpetual struggle between the existing classes of people. At every stage of human development, each ruling class was replaced by another (Marx and Engels 1998). In European context, three classes had already ruled the region, beginning with monarch that had been replaced by aristocrats. In the 19th century, socialists argued that the middle class also referred as bourgeoisie replaced aristocrats. Therefore, socialists predicted that the time for the working class... This essay stresses that during the period of the French uprising, the Habsburg ruled the Austrian empire. Nationalism ideologies started in Hungary where demands for sovereignty within the precincts of liberalism reigned supreme. During the period, the Habsburg Empire was characterised by oppressive practices including compulsory serfdom. The persistent calls for political reforms prompted the emperor to initiate some political changes, including the abolition of serfdom. However, lack of unity among the various opposing factions hindered a concerted effort for comprehensive demands for reforms. In addition, Habsburg Empire comprised of diverse populations a situation that hindered unity of purpose and nationalism. This paper makes a conclusion that it is apparent that nationalism was one of the most influential ideologies in 19th century. Although other ideologies especially socialism became popular, the triumph of revolutionary concept of nationalism ensured its entrenchment in the European continent for many years. The success of nationalism in France and Habsburg Empire demonstrated that national awareness is more influential in any society than the class-consciousness advocated by socialists. However, in 20th century, some political leaders, who propagated for racist nationalism for selfish political interests, misused classical nationalism that advocated for self-determination and freedom. This resulted to occurrence of serious crimes against humanity such as genocide.