Economic processes based on information technologies entails a fusion of mind and matter of culture and economy.
Economic Activities and processes is not new neither
in Indian perspective nor in World perspective, rather it has fused and
interconnected more in recent decades. Although the process of fusion has
started from the time of yore but it is clearly visible in 20th century when Infromation technology
came into being. Technical advancement has created more feasibility in terms of
economy and trade. Now In 21st century economic transactions based of
information technology do not encompass economic sphere of life only but all
the aspects related to human life- to make the aspects more clear we can use
'CULTURE' for holistic understanding of the concept. In this Global world where
a minor hiccup in one part of world can churn the other parts, economic changes
and processes have touched many other entities which prime facie can go
unnoticeable but actually it holds the potential to Re-shape the status-quo
world in a quite afresh way. Globalisation in current scenario merely not
remain as an economic inter-connectedness but it is also a symbol of modernity.
Technological advancement has made the economical activities to flow across the
borders along with the fusion of multiple cultures. These multiple cultures
fuse to form a modern society. Political
aspect of technological information make the economic processes more complex
and it is happening in 21st century in an unprecedented manner. Blend of Politics, economy and technological advancement in the Global
level is touching the common lives directly.
Zillion of informations collected through technology
can give a desired outcome and even that outcome can be treated as a raw
material for further development this economic process indeed needs a fusion of
mind- Vice-versa can also be true. Different bent of mind from different fields
can develop sense of common identity and fusion of minds can spawn a different
ball game altogether in both economic and cultural advancement.
By:- Tanveer Ashraf
