economy guide      intro | size/shape | law | globalising | competing | voodoo | volatility

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This guide looks at the 'new economy' - the one that's spray-painted with dots and spattered with digits.

The guide has six parts:

This part - the Introduction - highlight's what's new and offers some statistics

Part 1 - size & shape - identifies major resources for understanding the information economy and electronic commerce - what it is, how it will affect you - and e-commerce associations, networks and accessibility questions

Part 2 - law - looks at electronic commerce law and administration in Australia and offshore, including questions of jurisdiction, evidence and signatures 

Part 3 - globalisation - considers globalisation

Part 4 - competition - looks at playing fields, level or otherwise, and competition watchdogs or policy-makers

Part 5 - voodoo - offers perspectives on the dot com gurus and the consulting industry

Part 6 - volatility - looks at innovation and volatility

   new and noteworthy

Hot on the heels of the EU-US 'Safe Harbor' accord,  the EU and Canada released a Joint E-commerce Workplan that identifies privacy as a key concern.  The plan notes EU approval for the new Canadian privacy legislation, highlights work on mutual recognition of national seal regimes and foreshadows cooperation regarding online authentication and security. 

We've provided pointers to Safe Harbor in our privacy guide; seals are discussed in our consumers guide.

  a new economy?

some competitors we don't believe hype about the 'old economy' (offline, for losers, built around bricks, dead) versus the 'new economy' (online, the future, built around clicks, vibrant).  

Read our lips: it's the one economy.  The difference is between people working smarter, on the Web or otherwise, and those who don't.  We continue to shop - and live - offline.  We disagree with pundits who say that you should scrap your business models (and blow up your existing operation, staff included) in favour of one with a dot com label.  Instead, we'll work with you to make sense of the online world.  And we'll partner you in strategies to achieve your objectives in the only economy that counts: the real one.

This page offers pointers - some familiar, some new, some irreverent - to how technologies such as electronic publishing and marketing are changing the shape of business.  It complements the guide on 'being digital' and more specific coverage of issues such as privacy, copyright, censorship and taxation.

  some figures

We've highlighted information sources (and methodologies for identifying figures) in our Metrics and Statistics guide.  The following points are based on recent NOIE statistics:

  • more than six million adult Australians were accessing the Internet at November 1999, a 100% plus increase since February 1998.  Many, of course, work in government offices or other large organisations.  The frequency, duration and nature of that access is unclear, although Telstra's White Pages is a major destination
  • nearly 1.8 million households (25% of all households) were connected to the Internet.
  • Australia is among the global leaders in terms of the percentage of homes connected to the internet and total population online.
  • unsurprisingly, Internet usage is concentrated in urban areas (esp the more affluent parts): "Australian adults and families with children that are characterised by high incomes and reside in capital cities are leading the way in adoption of the Internet"
  • 800, 000 adult Australians had purchased or ordered goods over the Internet in the 12 months to November 1999, supposedly a 183% increase over the previous two years.  the impact on 'offline' retailers is unclear, as is the extent to which consumers are 'test' shopping
  • large Australian businesses have nearly reached "saturation point in terms of Internet adoption and are nearing saturation in home pages"
  • small business shows much lower levels of connections to the Internet, at 48%, than medium size firms at 82%
  • as of February 1999, 21% of SMEs online "were engaged in Internet based sales, and 22% were actively placing orders for goods and services".  NOIE doesn't reveal the significance of those sales, on an aggregate or enterprise basis, or their profitability.

   next part (Part 1: size & shape)




 


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