97-110

Globalization and new economy

• Ναξάκης, Χάρης

Τhis article examines two structural changes that characterize the contemporary world: the globalization and the new economy. Certain issues, such as the character and the implication of the globalization and the new economy are analyzed, issues that consist two parallel and interdependent procedures. Regarding globalization, the extent to which the product, capital and labor markets are globalised and its consequences to the national economies, to the North-South relation and to the environment are examined. Regarding the new economy, the interconnection of information technologies to the competitive advantages of businesses and the determinant importance of new technologies to the creation of an economy of knowledge and networks are analyzed. Since the Information economy is not yet the dominant production mode and the markets of products, Capital and Labor are not globalized, then the trend of the Economic System is the movement towards that direction.

• Economics and Business

• Οικονομία

globalization, new economy, capital and labour markets, information technology

JEL classification: F20 - General