New economy in digital era: the virtuous circle of technology and growth

Temjanovski, Riste (2012) New economy in digital era: the virtuous circle of technology and growth. In: Knowledge bassed economy-challenges and prospectives, 30 May 2012, Skopje.

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Abstract

Today, the world economy face an era of unprecedented change. Informatics technology caused a seismic shift that has reshaped the global business landscape. The world economy is now characterized are transforming businesses and sparking a new wave of wealth creation, particularly in the new emerging economy. Economic growth and technology are inextricably linked. Current economic conditions are fostering investment in technology to fuel growth, but in same time seek new ways to cut costs and drive innovation. Managers must be aware of the new challenges facing their firms as market momentum accelerates. New emerging economies use extraordinary potential for companies that understand their needs in global competitive challenge. Mobility, business intelligence and social media underpin this shift, which is taking place in both developed and developing economies. Over the next five years, many sectors, including technology, telecommunications, entertainment, media, banking, retail and healthcare, will continue to be reshaped through the application of information technology. Key words: e-economy, e-business, digital era, information technology, „cloud„ computers

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Engineering and Technology > Electrical engineering, electronic engineering, information engineering
Divisions: Faculty of Economics
Depositing User: Riste Temjanovski
Date Deposited: 05 Nov 2012 11:49
Last Modified: 24 Feb 2014 09:10
URI: http://eprints.ugd.edu.mk/id/eprint/388

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