Impact of changes in transaction costs on enterprises transformations
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Abstract
The IT revolution, the Internet has overturned the barrier of time and space, and thus enabled communication in real time with the whole world. At the same time, the globalization process by opening the markets has shown great differences in costs, taxes, exchange rates, or salaries. The relations between the price of orders on the market, and hence transaction costs, and the costs of anthropological activities in the enterprise, which are increasingly higher, has changed. The aim of the article is to analyze the changes that have occurred in the global economy (including the development of corporations) and their impact on the operating costs of Polish enterprises. The author proposes to create “smart companies” as a public innovation. State support would favour the emergence of such enterprises and would be a strong catalyst for the entire economy.
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