PPT Slide
Weightless economy
“that greater value, as a fraction of GDP, resides in economic commodities that have little or no physical manifestation . . . (e)xamples of weightlessness and dematerialisation are diverse: they range from economic activities such as stocking supermarket shelves and styling haircuts, all the way through financial services and up to telecommunications and providing software products on CD-ROM.”
Danny Quah “Increasingly weightless economies,” Bank of England Quarterly Bulletin, 1997