International Economic Relations and Information Communication Technologies (ICT) Use: Economic Globalization Via Economic Digitalization (Report‪)‬

INTRODUCTION The use of new technological achievements in the field of economy resulted mainly in the transfer from a seigniorial society to the society of the trade capitalism during the 16th, 17th and 18th century, which was later, proved to be the industrial capitalism (1). The invention and wide use of steam brought about the onset of the Industrial Revolution in the end of the 18th century and incurred great changes, regarding the methods of financial transactions, social affairs and policies amongst countries. A very distinctive example is Great Britain, whose boost of industrial production created and established Pax Britannica that collapsed after the end of World War II (2).