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Future Think: How to Think Clearly in a Time of Change
book

Future Think: How to Think Clearly in a Time of Change

by Arnold Brown, Edie Weiner
September 2005
Intermediate to advanced content levelIntermediate to advanced
304 pages
5h 59m
English
Pearson
Content preview from Future Think: How to Think Clearly in a Time of Change

Chapter 6. The Multiplier Effect of New Distribution Channels

Among the most fundamental changes the U.S. economy has seen is what economists call disintermediation—bypassing traditional delivery channels to distribute goods and services. It began in the late 1950s in the financial world. People took their money out of banks (their traditional intermediaries for savings) and shopped around for higher rates of return elsewhere. This spurred the growth of mutual funds, reshaped life insurance into a more sophisticated financial instrument, and led to the invention of real estate investment trusts and other tax-sheltered investments. Eventually it led to shopping on the Internet for the best mortgage and CD interest rates.

Disintermediation has come ...

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Publisher Resources

ISBN: 013185674XPurchase book