1. New Economy in the Era of Globalization and Its Importance PhDr
New Economy in the Era of Globalization and Its Importance PhDr.Jana Gašparíková PhD. Žilina University, Faculty of Humanitarian Studies

2. New Economy versus Old Economy (Clasical)
New economy is based on many new phenomenons
To live in era of uninterruped changes
New innovations and adaptation to new changes
It increases social tensions and on the other hand growth of entrepreneurial activities

3. Entrepreneurship and New Incentives
Triple Helix
Different Type of Networking
Clustering and Partnership
The European Recovery Plan
Creation of New Jobs

4. New technological changes
New technological changes increase the productivity in one sector , and offer other sectors new instruments
These changes ask for new way of thinking
New economy brings new possibilities for entrepreneurship, new organization of work
New economy will be more and more recognizable (as for instance social state after second world war)

5. New economy and 5 important phenomenons
Technologies and competitiveness
New economical culture in sphere of government, households and entrepreneurship

6. Other characteristics of new economy
E-economy
digital economy
Globalization means new economy with certain uncertainty
New Type of Governance

7. Model of new economy (Global Business Network)
Market World – economy and business are interconnected, overcome frontiers of national states (sometimes it is difficult –other cultures)
New Empires- dominance of policy and interests boost nes strong states to create new regional units
Global incoherence- danger of this development

8. Old versus New Economy Classical economy: markets are stable
competitiveness: national
organization:hierarchical
New economy: markets are dynamical
competitiveness: global
organization: networking

9. Classical economy and New economy
Classical economy :production is mass production
Determination of growth:capital and work
Technology: mechanization
Competitive advantage based on decrease of costs
Relations among firms – not so important

10. New economy Organiztion of production:flexible production
Determinants of growth: innovations, knowledge
Technologies: Digitalization
Competitive advantage : innovations, quality
Relations among firms:alliances, cooperation

11. Classical economy Aims of employement policy: full employment
Skills: specifications for determined position
Education: diploma
Character of employment:stabile

12. New economy Aims of employment policy: higher real wages
Skills: cross-training
Education:lifelong learning
Character of employment: influenced by different risks and changes

13. Classical economy Position of government:
Relations with entrepreneurs:sanctions
Regulations:controll

14. New Economy For government:
Relations with entrepreneurs:support of different occasions for growth
Regulation based on market instruments, flexility

15. New Economy and its paradoxies
Critics of new economy: Paul Krugman and Robert Solow
More financial investments for new technologies and less returns in GDP
Influence is visible only in certain sectors

16. New Economy and New Sectors
The growth of acquisitions in different sectors : in farmaceutical industry, IT industry etc.
New indicators of quality of life:human development index

17. New Economy and Macroeconomy and Microeconomy
It is still problematic to see positives and continuous growth in the long perspective
It is difficults to use innovations for large firms- it is more risky for them

18. Integration and Internationalization
New type of interntionalization
New type of combining different economies to one unity
It starts to be important new international specialization and cooperation of production
Increase of foreign capital in different companies
Increase of daugher companies

19. International integration
Integration countries to new unities EU
APEC countries- Asian countries
MERCOSUR countries (Argentina, Brasil, Urugay,Paraguay and Chile)
NAFTA countries- North American Free Trade Agreement (USA, Canada, Mexico)

20. Transnational Firms
The biggest trnsnational firms
Different sectors

21. The Role of Scientific –Technological Progress
There are tendencies to differentiate scientific progress in scientific and business capital
Increase of business in different transnational corporations and gains

22. Transnational corporations
Their activity is very often multidimensional
They invest lot of money in R and D
Their turnover is around 1 billion US dollars