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Abstract

Predicting the future is an imprecise science, and something that should always be carried outcarefully and the results should be taken with a pinch of salt. That said it is sensible to assume thatmost of the drivers of commoditization are likely to remain in force for the foreseeable future. Unlikethe futurologists who attempt to predict how society and technology will change over the next fiftyyears, we are only going to look a few years ahead, which is a more sensible time horizon. History isnot always a good predictor of the future, but in the case of commoditization we think it is. It is clearthat when we look back in time we can see how the process of commoditization has subsumed greattranches of industry, eliminated significant numbers of manual labourers and increased the generalefficiency and effectiveness of society. In many respects we could argue that it was important to theadvancement of the industrialised economies of the West. In projecting forward from this point, weshould expect commoditization to continue to expand its footprint into areas which we currently thinkare outside of the realms of possibility. After all, no one would have expected the IT industry to havebecome so commoditized when it first emerged during the 1940s. And in the same way that whitecollar workers were caught out when they believed they were immune from the initial waves ofdownsizing and offshoring that affected the manufacturing sector, others at the mid- and high-end ofthe workforce may also be caught out sometime in the future. And as commoditization continues toadvance it will touch on many more peoples’ lives and livelihoods.



Item Type: MPRA Paper -

Original Title: Where will commoditization take us?-

English Title: CENTER FOR ECONOMIC POLICY ANALYSIS, UNIVERSITY OF VENICE-

Language: English-

Keywords: Commoditization, Offshoring, Talent, Technology, Competition, Inequality-

Subjects: D - Microeconomics > D2 - Production and Organizations > D23 - Organizational Behavior ; Transaction Costs ; Property RightsD - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: TheoryF - International Economics > F0 - General > F02 - International Economic Order and IntegrationD - Microeconomics > D4 - Market Structure, Pricing, and Design > D40 - GeneralA - General Economics and Teaching > A1 - General Economics > A10 - GeneralD - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity-





Autor: RYAN, JOHN

Fuente: https://mpra.ub.uni-muenchen.de/22050/







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