The E‐economy and the Rise of Technocapitalism: Networks, Firms, and Transportation

Luis Suarez‐Villa

Growth and Change, 2003, vol. 34, issue 4, 390-414

Abstract: ABSTRACT The e‐economy is part of a larger phenomenon, technocapitalism, that is transforming business organizations and the ways in which they transact, produce, and ship their goods. Technocapitalism is an evolution of market capitalism that is rooted in technological innovation and supported by such intangibles as creativity and knowledge. This paper considers first the main characteristics of networks that support the e‐economy and its source phenomenon, the emergence of technocapitalism. Networks are thought to be the main vehicle through which the e‐economy spreads, and they have major effects on the organization of business firms. The culture of technocapitalism, with its emphasis on continuous innovation and rapid adjustment, is largely behind the rising importance of networks. A second section then considers the deconstruction of business firms and its relation to networks, the e‐economy, and the rise of technocapitalism. A historical perspective is provided to show the contrast with previous eras. The deconstruction of business organizations involves a major transformation of the norms and ways in which firms are run and structured. Finally, the likely implications for transportation and shipping of the rise of the e‐economy, its networks, and the deconstruction of firms are discussed. The logistics, pricing, and infrastructure of shipping are likely to be substantially affected by the spread of the e‐economy, its networks, and the deconstruction of firms.

Date: 2003
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