Inderscience Publishers

Virtual enterprises and virtual economy: manifestations and policy challenges

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This paper investigates some of the manifestations and major forces driving the emergence of the new economy. A model of the virtual enterprise is proposed and investigated in the context of a virtual industry value chain. The transition to the virtual economy is definitely technology-driven, but is also shaped by social, economic and institutional forces. As such, it raises a number of significant issues presented as propositions concerning the new governance, restructuring, and social distancing.

Keywords: virtual enterprise, industry and product value chains, emergence of the virtual economy

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