Transformation of institutions in the new economy

A. Bulina ()
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A. Bulina: Department of Economic Theory and Economic Policy, Faculty of Economics, St. Petersburg State University

Annals of marketing-mba, 2013, vol. 3

Abstract: Crucial role of institutions in the economy as means reducing uncertainty and transaction costs was analyzed by economists for a long time, but as the economy itself the institutions do not remain fixed in a single state. Processes that change the economy, particularly globalization and rapid development of information technology, have strong impact on society and its major institutions; from the market to private companies and even families. The new economy requires new institutions or new forms of old ones, to analysis of wich this paper is devoted.

Keywords: globalization; new economy; institutions; information technology. (search for similar items in EconPapers)
JEL-codes: D02 P48 (search for similar items in EconPapers)
Date: 2013
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