ABSTRACT
Important technological changes lie behind the fundamental transformation and globalization of the world economy that have been taking place in the past few years. The new technology leads to an entirely different perspective on what to produce, how to produce, and, importantly, where to produce. It affects business strategy and organization. It changes traditional ways of looking at economies and at economic development. It influences public policy decisions. We begin by asking about the nature of these technical changes: what is the ICT/e-business revolution? What are its implications? In short, what is new about the “new economy?”
