 The Death of Malls and the Rise of PlatformsHristo Prodanov ()
Ikonomiceski i Sotsialni Alternativi, 2018, issue 1, 117-130 Abstract: The title of this publication should be viewed as a metaphor for the changes in exchange and trade we are witnessing at the beginning of the Fourth Industrial Revolution. In order to prove the thesis, I examine the changes in trade during the previous industrial revolutions, as well as the changes during the fourth one. With the help of statistics, data and facts, it is shown what once was and what is happening today. After that, the new characteristics of market exchange are examined. It is now much cheaper, faster and more effective, time and space are no longer such an obstacle, trade is much more delocalized, intermediaries are losing their previous role and are effective only if they go online, transaction costs are decreasing, the choice of all kinds of goods becomes almost limitless, and the relationship with consumers is becoming more intensive. The scale of global movement of goods dominated by knowledge, information, culture and intellectual capital is rapidly increasing. As a result, we observe the death of traditional malls and an exponential growth of digital platforms. Keywords: exchange; mall; industrial revolution; e-commerce; digital space (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2018:i:1:p:117-130 Access Statistics for this article More articles in Ikonomiceski i Sotsialni Alternativi from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC. |
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