The information revolution is changing the nature of the business cycle in America. The shift ste...
The information revolution is changing the nature of the business cycle in America. The shift stems from two developments. First, businesses are now able to use computers to track inventories and new orders almost instantly, and to move far more quickly to fine-tune their production and investment plans. At the same time, the explosion of information about market developments - both on television and special business wires, and through the internet - has equipped investors and consumers to react more rapidly when economic conditions change. The result has been to compress the time bet...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes