As the Millennium approaches, an ec

As the Millennium approaches, an economic earthquake is shaking the globe, producing an upheaval comparable to the Industrial Revolution that gave birth to the manufacturing age. The Information Revolution is powered by breathtaking technological advances, accelerating world trade and the spread of free – market policies. Economic values are being torn down. Vast new markets beckon. Ten years ago, the free – market economies encompassed 1 billion people. Now, says U.S. Treasury Under Secretary Lawrence Summers, “It is only a slight exaggeration to say this is the era when 3 billion people entered the free – market.


Yet the world is also entering an era of uncertainly and dislocation. Just as the Industrial Revolution unleashed forces that destroyed the old agricultural order, so the Information Revolution is creating a new global division of labor with far – reaching consequences for the fortunes of nations and individuals.


The only certainty, perhaps, is the size and speed of change. The globalized economy is one of 24 – hour financial markets, huge split – second flows of international funds, and intense competition as companies roam the world for capital, labor, technology, raw materials, and markets. More flexible production techniques are allowing giant global corporations to locate their activities wherever it is economically most advantageous. The traditional “industrial” countries, led by the U.S, are moving inexorably, though at differing speeds, to service – based economies. In the not to distant future, only 1 in 10 of their workers will be employed in manufacturing.
Many economists are confident that a bright era of world growth will emerge from the current disruptions, that the changes are no more disturbing than the 18th century moves from countryside to industry. Service jobs replacing those in manufacturing are by no means all low paid. They include banking, insurance, marketing, design, and computer programming.

Kết quả (Việt) 1:

Như phương pháp tiếp cận thiên niên kỷ, một trận động đất kinh tế lắc toàn cầu, sản xuất một biến động so sánh với cuộc cách mạng công nghiệp đã sinh sản xuất tuổi. Cuộc cách mạng thông tin được cung cấp bởi ngoạn tiến bộ công nghệ, thúc đẩy thương mại thế giới và sự lây lan của Việt-thị trường chính sách. Giá trị kinh tế đang bị xé. Thị trường rộng lớn mới beckon. Mười năm trước đây, các miễn phí-nền kinh tế thị trường bao gồm 1 tỷ người. Bây giờ, nói US kho bạc theo bí thư Lawrence Summers, "nó là chỉ là một chút cường điệu để nói đây là kỷ nguyên khi 3 tỷ người nhập miễn phí-thị trường.Tuy nhiên, thế giới là cũng bước vào thời đại của uncertainly và phân chia. Chỉ là cuộc cách mạng công nghiệp tung lực lượng phá hủy bộ nông nghiệp cũ, do đó, cuộc cách mạng thông tin là tạo ra một bộ phận toàn cầu mới của lao động với đến nay – đến hậu quả đối với tài sản của quốc gia và cá nhân.The only certainty, perhaps, is the size and speed of change. The globalized economy is one of 24 – hour financial markets, huge split – second flows of international funds, and intense competition as companies roam the world for capital, labor, technology, raw materials, and markets. More flexible production techniques are allowing giant global corporations to locate their activities wherever it is economically most advantageous. The traditional “industrial” countries, led by the U.S, are moving inexorably, though at differing speeds, to service – based economies. In the not to distant future, only 1 in 10 of their workers will be employed in manufacturing.Many economists are confident that a bright era of world growth will emerge from the current disruptions, that the changes are no more disturbing than the 18th century moves from countryside to industry. Service jobs replacing those in manufacturing are by no means all low paid. They include banking, insurance, marketing, design, and computer programming.