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The Importance Of Modern E-Banks For Development Of New Economy

Author

Listed:
  • Camelia Catalina MIHALCIUC
  • Anisoara Niculina APETRI

    (“Stefan cel Mare”University, Suceava, Romania)

  • Muvuny BONAVENTURE

    (Faculty of Economy, University of Kigaly, Rwanda)

Abstract

The new economy, also called e -economy, is the most frequently used term in economic and technical literature, discussions of scientists, businessmen and politicians beside globalization and information technology society. Three planes of under standing of the new economy can be distinguished: as a system of new principles explaining how economic subjects function on the market; as activities of economic subjects in the strongly changed conditions. Owing to the dynamic development of technical progress, especially in information technology economic subjects change completely strategy of their activities many times. Information and knowledge as main economic categories, which are the basis of the contemporary business, are the foundation of activity another term is assigned to this understanding, namely knowledge -based-economy. The third plane, new economy treated as a subject, namely determining activities of an enterprise in the IT sector. Therefore, the new economy, also called cyber-economy, constitutes a new paradigm of business. On this virtual market E-business is a new form of an exchange of resources by means of information technology systems and internet technologies, conducted on-line through electronic connections and an information exchange by use of electronic multimedia such as Internet, cable and satellite television, telephony, electronic cards, Intra and Extranet at the national and international level.

Suggested Citation

  • Camelia Catalina MIHALCIUC & Anisoara Niculina APETRI & Muvuny BONAVENTURE, 2008. "The Importance Of Modern E-Banks For Development Of New Economy," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 8(1(8)), pages 147-151, June.
  • Handle: RePEc:scm:ausvfe:v:8:y:2008:i:1(8):p:147-151
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