The role of IT strategies, architectures, and services in the development of network economies.

INFORMATION technology; ECONOMIC indicators; CENTRAL economic planning; ECONOMIC structure; KNOWLEDGE management; INFORMATION resources management; COMPUTER systems; INFORMATION science; COMPUTER networks

The article discusses the significance of information technology strategies to the development of network economies. It reveals that knowledge and information is vital to the economic development of a country. Understanding the knowledge-based economy is therefore of central importance to economic strategy and geographical networks or clusters are major sources of competitiveness in a nation. For a country to achieve economic development, it is empirical to identify future functionings models, economic structures and critical success factors of network organizations.