Keywords: virtual enterprise, industry and product value chains, emergence of the virtual economy
Virtual enterprises and virtual economy: manifestations and policy challenges
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.