Prospects of developing countries in digital economy case study of Montenegro
Journal Title: Acta Economica - Year 2014, Vol 12, Issue 20
Abstract
Information technology has influenced business activities change to such extent that today we speak about new kind of economy, so called digital economy. Digital economy enforces new standards for doing business both on micro and macro, i.e. on global level. In this context, answering seemingly simple question regarding prospects of developing countries competitiveness in digital economy in comparison to traditional economy appears to be exceptionally interesting and even controversial in relation to classical economic theory. Cheap technology and rapid internet expansion offer new opportunity for developing countries to enter easily in global digital trends. In this regard, deliberate policy is required to foster development of infrastructure, education and entrepreneurship along with increasing use of information and communications technology. Trough example of national internet domain .ME internationalization, thereinafter is illustration how in Montenegro we recognized and utilized that opportunity.
Authors and Affiliations
Vujica Lazović
Keywords
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