The United States, Germany, Japan and other economies are being dramatically changed from industrial economies to knowledge and information based service economies as manufacturing shifts to countries where the wages are low cost. In knowledge and information economies, knowledge and information are the focus in economic growth (Laudon & Laudon, 2000).

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The United States, Germany, Japan and other economies are being dramatically changed from industrial economies to knowledge and information based service economies as manufacturing shifts to countries where the wages are low cost. In knowledge and information economies, knowledge and information are the focus in economic growth (Laudon & Laudon, 2000).





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