Internet Impact on Society

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THE IMPACT OF THEINTERNET ON ECONOMY

Suzie Kim



Group Discussion(5min)

How much time do you spend, average, and

What do you usually do on the internet?

What are some advantages anddisadvantages of the internet in our society?

Discuss the difference between your parents

generation and current society. What are some

changes do you see around you?



What is the internet?

The Internet is a global system of

interconnected computer network that use to serve

billions of users worldwide.

It is a network of networks that consists of millions

of private, public, academic, business, and

government networks, of local to global scope, that

are linked by a broad array of electronic andoptical networking technologies.



History of the internet

Flattener #1

� The New Age of Creativity: When the Walls Came

Down and the Windows Went Up



Economic Changes

Friedman points to the fall of the Berlin Wall as an

important shift

No single cause of the wall coming down

Friedman asserts that the spread of information

weakened the Soviet Union·s grip



The creation of the internet

The creation of the Internet solved the following

challenges:

�Basically inventing digital networking as we

know it

�Survivability of an infrastructure to send /

receive high-speed electronic messages

�Reliability of computer messaging



The Internet-Current Position

The Internet is not the first medium of mass

communication. However, the Internet sheer

convenience of having such a vast range of

resources available on demand from one·s desktopand also the ease with which content consumers may

become content providers

Internet World Stats estimated 1.46 billion people,some 22% of the world·s population, had Internet

access as of June 2008



The Changing Business Environment

For the consumer the Internet provides an

environment of near perfect competition in which

prices from many suppliers can be compared within

seconds



e-commerce increases the variety of ways in which

business may be transacted.

The use of auction has become increasingly common

with sites such as eBay permitting anyone to auction

anything in a variety of auction styles.

These alternative business methods would not bepossible without the real-time information sharing

capabilities of the Internet.



The Changing Nature of Work

Many more workers will be freed from the dailydrudgery of commuting and office politics as homeworking becomes increasingly widespread. In thisrespect tech

nology is acti

ng as a libe

rator

, enabli

ng areturn to the more natural cottage industry of the pre-

industrial age

Business Week reports Charlie Grantham, executiveproducer of consulting firm Work Design Collaborative

statement that "about 14% of the U.S. workforce getsits job done at a home office more than two days per week



Internet Marketing and Advertising

Many providers of valuable free content on the

web derive most or all of their revenue from

advertising. Eg, according to content and media

analyst Beauvillain, popular searchengineYahoo! "gets 90 percent of its revenues from

advertising´



Impact on economy

Internet Business models

-Enhancing an existing Business: it can serve to attract customers to an existing physical business

and/or take such a business online-Enhancing a new business: essentially Internetbusinesses fall into two categories: physical anddigital goods

-Providing infrastructure for others: eBay thatprovides market space for others to sell a wholerange of products.





Impact on economy

From U.S. Government reports and media giants such as

the Wall Street Journal, The

New York Times, and CNN, Americans read and hear a

constant stream of reports that inrecent years the U.S. economy has performed beyond

most expectation

Playing an important role in this are a shrinking budget

deficit, low interest rates, a stable macro-economicenvironment, expanding international trade with fewer

barriers, and effective private sector management.



Continued..

-Creates millions of job and billions of dollars in economic activity

-internet industry produces 3.1 million American jobs

and $ 300 billion in economic activity -Offering entrepreneurs the possibility to connect to

customers worldwide and thus creating an open marketthat can generate a huge turnover and profits.

-Most important sources of information -web advertising, responsible for making even the most

obscure entrepreneurs



Video clip

http://www.youtube.com/watch?v=GnSZ4i5OeEM





References

Thompson, Melissa. "History of the Internet." Lecture.

Iman, Taiwo. "A Study on the Impact of Internet on

Our Society." Web.

<http://http://www.scribd.com/doc/2228848/The

-Impact-of-Internet-on-Our-Society>.

The Internet and Its Likely Impact upon Society,

Business and the Economy . Sept. 2008. Web. Dec.2010.

<http://dev.twinisles.com/research/intimp8.html>.

Documents

Internet Impact on Society