Transformation of institutions in the new economy

Crucial role of institutions in the economy as means reducing uncertainty and transaction costs was analyzed by economists for a long time, but as the economy itself the institutions do not remain fixed in a single state. Processes that change the economy, particularly globalization and rapid development of information technology, have strong impact on society and its major institutions; from the market to private companies and even families. The new economy requires new institutions or new forms of old ones, to analysis of wich this paper is devoted.