The New Economy and Regional Development

Abstract

In the current socio-economic realities, we observe rapid, multidirectional changes, which is undoubtedly the effect of the formation of the new economy. In this new economy, the role of the ICT sector is increasing, while the industry’s role is decreasing. As part of the changes, the role of socio-economic regions is also beginning to change. The new economy prefers regions with multifunctional modern structures, which at the same time adapt to the transformations that have taken place. These are regions where human capital is characterized by high quality and creativity. The aim of the article is to identify selected assumptions of the new economy and their implications for space and the shaping of regional development processes. To achieve this goal, the method of critical analysis of the object, the descriptive method and the heuristic approach were used.

Keywords

• new economy
• globalization
• socio-economic region
• regional development