Tuesday, October 28, 2008

Does social and cultural changes follow economic transition?

Advancement in technology has made it possible to get access to a whole lot of information. This has enabled better governance at various levels- individual, company, community and nation.

The way we work and think of work has changed considerably in the last 2 decades primarily because of access to information.

Availability of information has direct impact on economics. With the economic transition there is an influence on the attitude of people, the relations between people, the atitude towards work, business transaction, consumer behavior, life-styles, value-orientations, etc. In my opinion the economic transition has definately brought in social and cultural changes.

No comments: