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29 July 2013 - 6:17pm

Elvin Toffler wrote in his book Third Wave that the information revolution defies any prediction about the future, yet the pressure for the change is on the rise. As a result of the development of information and communication technology, information is now handled and processed by a greater number of people and variety of fields than ever before. This, in turn, has led to a shift in the paradigm of information production and consumption, meaning that previous economic growth models are no longer valid. Under such circumstances, economic prosperity can only be enjoyed by those that...

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