The impact of virtual world economy in real world economy

Ionuţ Constantin
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Ionuţ Constantin: Faculty of Administration and Bussines - University of Bucharest

Manager Journal, 2008, vol. 7, issue 1, 39-45

Abstract: Internet technology is transforming the way we define nation-states. It has created “"virtual states”" in which parallel communities are formed and political agendas are executed. Due to the emergence of Internet technology, visions of “"techno-imperialism"” and “"electronic warfare"” are causing nation-states to enact regulatory measures to preserve political, economic and cultural integrity. While the information infrastructure is the heart of the economic stability for most nations, the possibility of “"viruses"” or “"electronic bombs”" bringing ruin to an economy is real indeed. This means that architects of the “"nation-state”" will have the gargantuan task of re-examining existing politico-economic paradigms and fully integrate technological initiatives in its apparatus to prevent imminent marginalization.

Keywords: virtual economy; virtual economies; MMOG; virtual markets (search for similar items in EconPapers)
Date: 2008
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