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Resource Reorganization and Service Sector Growth in Highly Interconnected Society

Resource Reorganization and Service Sector Growth in Highly Interconnected Society
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摘要 This paper demonstrates how modern technologies, especially the Internet, are transforming the nature of the service sector, leading to extensive resource reorganizations and integrations, and fundamentally challenging traditional theories on service-based economy, e.g., the assumption that the service sector is inefficient no longer holds true, it is difficult for the neoclassical price theory to explain service price formation and people's consumption rationality has changed. Meanwhile, economic issues associated with the Internet, such as Internet economics, platform economics and information product pricing, also need to be investigated. Theoretical research and innovations also need to be carried out to investigate questions like how to protect privacy without preventing the use of data, as well as the complexities of "cultural and psychological consumption." This paper demonstrates how modern technologies, especially the Internet, are transforming the nature of the service sector, leading to extensive resource reorganizations and integrations, and fundamentally challenging traditional theories on service-based economy, e.g., the assumption that the service sector is inefficient no longer holds true, it is difficult for the neoclassical price theory to explain service price formation and people's consumption rationality has changed. Meanwhile, economic issues associated with the Internet, such as Internet economics, platform economics and information product pricing, also need to be investigated. Theoretical research and innovations also need to be carried out to investigate questions like how to protect privacy without preventing the use of data, as well as the complexities of "cultural and psychological consumption."
作者 Jiang Xiaojuan 江小娟(Chinese Academy of Social Sciences,Beijing,China)
出处 《China Economist》 2018年第5期2-11,共10页 中国经济学人(英文版)
关键词 service SECTOR Internet RESOURCE REORGANIZATION THEORETICAL INNOVATION service sector Internet resource reorganization theoretical innovation
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