Information flows in an economy?

Do you think the rate at which information flows in an economy has an effect on its business cycle? Does anyone know of any articles or books on this topic.|||YES! Its called globalization. A great book on this is called The Lexus and the Olive Tree by Thomas Friedman


Here's a sampling from the book:


Brazilian mining company's chairman on the fall of the berlin wall:


" You realize the berlin wall fell here too. it wasn't just a local event in Europe. It was a global event. It fell on Brazil. The big changes to Brazilian economy happened at exactly the same time that the berlin wall fell."


with the physical wall falling there were also other walls crumbling down as well. "and it is the fall of those walls all over the world that made this era of globalization possible" "What blew away these walls were three fundamental changes- changes in how we communicate, how we invest and how we learn about the world. The first: the "democratization of technology..is what is enabling more and more people with more and more computers, modems, cell phones, etc to reach farther and farther into more and more countries, faster and faster, deeper and deeper, cheaper and cheaper than ever before in history." "The democrat'ztn of techn'lgy is the result of several innovations that came together in the 1980's involving computerization, telecommunications, miniaturization, compression technology and digitization. " "This democratization of technology 'globalizes production'"


What this democrat'zn of techn'lgy means is that the potential for wealth creation becomes geographically dispersed, giving all kinds of previously disconnected people the chance to access and apply knowledge"


- the book is filled with so much great information, I highly suggest it. I hope this helped you.|||There really isn't any such thing as the business cycle. That's a myth propagated by economists. What people think of as the business cycle is merely the wealthy playing games with each other.