New Economy

New Economy TrackThe Twenty-first Century has seen a transformation of commerce at all levels, made possible by the internet and improvements in information technology and mobile communications. Also industrial practice in manufacturing, supply and the service economy have been transformed by improved quality management and waste minimization. The conference invites submissions dealing with the following themes:

Logistics and Communities – the position of cities and communities in regional economies is changing. Beyond the The Garden City, we now have The Edge City, the Dormitory Town, The Cultural Hub and Gateway Cities. How are such ideas associated with the changing global economy with its simultaneous trends of globalization and localization. Milton Keynes plays an important role in UK logistics and supply chain. The city is 90 kilometres northwest of London beyond green belt planning controls. It lies on major road and rail links and is situated between two world class knowledge economy hubs Oxford and Cambridge. “MK” has become home to some of the largest and most sophisticated supply chain and logistics operations.

Service Economy Innovation – IT has reshaped financial and other services in recent decades, but has also brought new threats and challenges relating to data security, cyber-crime and system resilience (see Connected Digital Track). The service economy is also benefitting from ideas developed in manufacturing – such as lean production. Financial turbulence over the last ten years has hit confidence hard, but some territories such as the UK and USA are once again showing strong economic growth.

Communications Technology and Social Networks – The internet, global positioning and mobile communications have transformed everyday life and behaviours. These changes have been made possible by improvements in battery technology, data processing, screen technologies, data compression algorithms, data networks, wireless communications and satellite technologies. The conference will seek to obtain an overview on recent and future trends. Technical change has enabled social change and increasingly those social changes are enabling economic change. This theme will consider the future direction of social media and explore, in particular, the social, political and economic impacts of mass communication.

Energy Futures – the energy sector is in transition and subject to competing pressures. Energy policy essentially lies at the intersection point of three concerns – economic growth and affordability, reliability and security of societal services and environmental protection locally and globally. The challenge is to address all three concerns simultaneously. Some trends are dominant in current thinking: greater electrification, increased use of renewable energy, and a range of energy motivated innovations in transport. Milton Keynes is particularly strong in efforts to establish smart electricity grids (see Smart Cities Track) and in transport innovation both for public transport and individual mobility.