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How Corporate Spiders Have Nearly Fired the “Night Watchman” and How This “Night Watchman” Was Cheated and Not Given the Golden Pass to the Global Village

How Corporate Spiders Have Nearly Fired the “Night Watchman” and How This “Night Watchman” Was Cheated and Not Given the Golden Pass to the Global Village

Copyright: © 2018 |Pages: 31
ISBN13: 9781522549666|ISBN10: 1522549668|EISBN13: 9781522549673
DOI: 10.4018/978-1-5225-4966-6.ch005
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MLA

Denis Ushakov. "How Corporate Spiders Have Nearly Fired the “Night Watchman” and How This “Night Watchman” Was Cheated and Not Given the Golden Pass to the Global Village." Regulation and Structure in Economic Virtualization: Emerging Research and Opportunities, IGI Global, 2018, pp.112-142. https://doi.org/10.4018/978-1-5225-4966-6.ch005

APA

D. Ushakov (2018). How Corporate Spiders Have Nearly Fired the “Night Watchman” and How This “Night Watchman” Was Cheated and Not Given the Golden Pass to the Global Village. IGI Global. https://doi.org/10.4018/978-1-5225-4966-6.ch005

Chicago

Denis Ushakov. "How Corporate Spiders Have Nearly Fired the “Night Watchman” and How This “Night Watchman” Was Cheated and Not Given the Golden Pass to the Global Village." In Regulation and Structure in Economic Virtualization: Emerging Research and Opportunities. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-4966-6.ch005

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Abstract

Transformation of world social and economic relations under the influence of business processes informatization as well as infrastructural and institutional consequences of virtualization along with transnationalization and networkization of global economic environments have stimulated many radical changes in public structures of the states worldwide. If a state strives to keep and use further its regulative competences, moreover, if it plans simply to survive under today's extremely dynamics environment, it simply must shift to much more efficient principles of functioning. The latter assume implementation and further use of all latest achievements of information & technological progress and also use of certain elements and mechanisms of networking. This chapter considers the key instruments used for modernization and upgrade of public economic regulation using the potential of advanced technologies and networking in overcoming the major failures of economic governance (corruption, lack of expert information, high costs of targeted and truly efficient state regulation and/or stimulation etc.). In this context, new principles are being formulated – those of outstripping progress of the states as market actors. Using these newer principles, the state would be able to accumulate the key advantages of technological progress much quicker than the private companies are doing the same today.

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