Prospects of developing countries in digital economy case study of Montenegro

Authors

  • Vujica Lazović University of Montenegro, Faculty of Economics Podgorica

DOI:

https://doi.org/10.7251/ACE1420009L

Keywords:

Digital economy, developing countries, competitiveness, internet domain, ME, informatics education, broadband, entrepreneurship

Abstract

Information technology has in?uenced business activities change to such extent that today we speak about new kind of economy, so called digital economy. Digital economy enforces new standards for doing business both on micro and macro, i.e. on global level. In this context, answering seemingly simple question regarding prospects of developing countries competitiveness in digital economy in comparison to traditional economy appears to be exceptionally interesting and even controversial in relation to classical economic theory. Cheap technology and rapid internet expansion o?er new opportunity for developing countries to enter easily in global digital trends. In this regard, deliberate policy is required to foster development of infrastructure, education and entrepreneurship along with increasing use of information and communications technology. Trough example of national internet domain .ME internationalization, thereinafter is illustration how in Montenegro we recognized and utilized that opportunity.

Downloads

Download data is not yet available.

References

Agency for Electronic Communication and Postal Services – EKIP, Montenegro. (2011). Survey of use of information and communication technologies in Montenegro. Report. http://www.ekip.me/download/Istrazivanje%20ICT.pdf (Date of access: November15, 2013)

Alexa – The Web Information Company. (2013). Top sites report: The top 1.000.000 sites on the web. http://www.alexa.com/topsites/global;0 (Date of access: November 21, 2013)

Christensen, C. (1997). The Innovator’s dilemma. Harvard Business School Press, Boston. Council of European National Top Level Domain Registries – CENTR. Monthly Stat Report: OCTOBER 2013. http://www.centr.org/system/fles/share/stats_201310.pdf (Date of access: November 10, 2013)

Cullen international. (2013). Enlargement countries monitoring. Reports. http://www.cullen-international.com/menu/regulatory-intelligence/sectors/telecommunications/telecom-regulation-europe/telecoms-regulation-europe/ (Date of access: November 15, 2013)

European Commission. Digital Agenda for Europe – A Europe 2020 Initiative. (2010). https://ec.europa.eu/digital-agenda/digital-agenda-europe (Date of access: October 10, 2013)

Henry, C. and Lucas, JR. (1999). Information Technology and the productivity paradox, Assessing the value of investing in IT. Oxford University Press, New York.

Johansson, B, Karlsson, C. and Stough, R. (2006). Entrepreneurship, Clusters and Policy in the Emerging Digital Economy. Springer. http://link.springer.com/chapter/10.1007/3-540-34488-8_1#page-2 (Date of access: October 25, 2013)

Kalim, R. and Lodhi, S. (2004). Digital Economy - Prospects For Developing Countries, Ideas III 61-73. The ICFAI Journal of Applied Economics – Institute of Chartered Financial Analysts of India, ICFAI Press.

Kurbalija, J. (2012). An Introduction to Internet Governance. DiploFoundation. http://issuu.com/diplo/docs/ig_2012# (Date of access: October 15, 2013)

Lazović, V, Rondović B. and Đuričković T. (2010). Sociological and Economic Aspects of the Implementation of eGovernment Solutions in Montenegro. Proceedings of the 6th European Conference on Management, Leadership and Governance, Wroclaw, Poland. ISBN: 978-1-906638-81-8.

Lazović, V. (2004). Does Information Economics Need New Economic Analysis? International Journal “Enterpreneurial Economics Vol. IV”. The University of Montenegro, Faculty of Economics in Podgorica.

Lazović, V. and Đuričković, T. (2011). Democracy in the Electronic Government Era – Challenges and Opportunities for Development in Montenegro. Proceedings of MIPRO 2011/DE, Opatija, Croatia, ISBN 978-953-233-064-9, ISSN 1847-3938.

Lazović, V. and Kovačević D. (2011). Changes in the Understanding and Management of Value Chain in the Information Era. Proceedings of MIPRO 2011/DE, Opatija, Croatia. ISBN 978-953-233-064-9, ISSN 1847-3938.

Lazović, V. and Kovačević, D. (2010). Internet and its fundamental impact on functioning of the new (information) economy. Proceedings of 6th International Conference of ASECU. The University of Montenegro, Faculty of Economics in Podgorica.

Matula, S. (2010). Digital economies, SMEs and E-Readiness. Business Science Reference, New York.

The Boston Consulting Group. (2012). The Connected World, The Internet Economy in the G-20. Reports. https://www.bcgperspectives.com/content/articles/fnancial_institutions_management_two_speed_economy_global_asset_management_2012/(Date of access: October 15, 2013)

The World Bank. GDP per capita. Reports. (2009-2013). http://data.worldbank.org/indicator/NY.GDP.PCAP.CD (Date of access: November 15, 2013)

Downloads

Published

2014-02-28

How to Cite

Lazović, V. (2014). Prospects of developing countries in digital economy case study of Montenegro. Acta Economica, 12(20), 9–22. https://doi.org/10.7251/ACE1420009L

Issue

Section

Preliminary Communication