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'Welcome to the new [knowledge] economy - a world where the rate of change is so fast that it is only a blur? Where the clear lines between seller and buyer, service from product, employee from entrepreneur are rapidly disappearing. You are entering a world where change is a constant and it may be argued that knowledge and imagination are more valuable than physical capital.'
— S. Davis and C. Meyer, Blur: The Speed of Change in the Connected Economy (Reading, MA: Addison-Wesley, 1998)

Davis and Meyer clearly depict the new reality for the information age —- future prosperity will be based on intellectual capital, the information in people's minds, rather than physical capital or the material resources within a country. Underpinning the growth of the new knowledge-based economies will be the accelerated globalisation of the marketplace, a geometric growth in communication technologies and related connectivity, and the rapidly increasing speed of scientific and technological......

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Approximate Word Count: 917
Approximate Pages: 4 (250 words per double-spaced page)

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