Economic growth and new economy

Abstract

Technological changes bring about economic growth. We are now at the beginning of the new phase of global economic development called new economy. The bearers of it are especially information technologies, biotechnology, material, energetic and cosmic technologies. There is reflected the influence of important integration factors as new technologies, high competitiveness (which becomes a necessity), new economic culture in the sphere of government, households and business.

Keywords

• new economy
• economic growth
• world economy
• technologic changes