NEW BUSINESS MODELS, THE RESTRUCTURE OF COMPETITION AND IMPLICATIONS ON BUSINESS MANAGEMENT AND TRADE STATISTICS

Abstract

Economists and managers should be aware today of the fact that some concepts and economic mechanisms need to be reconsidered in the context of the new aspects of globalization. The appearance of new types of business and new trade patterns on the international stage has led to the restructure of worldwide competition. “Traditional” competition between companies is replaced, in the context of the “globally integrated businesses” and the new division of labour based on the “functional” specialization, by new types of competition. This has a few implications on business management and on foreign trade statistics and analysis as well.

Keywords

• competition
• “functional” specialization
• “globally integrated business”
• business management
• foreign trade statistics