This Doctoral thesis has focused on the socio-economic effects from developing ICTs. The technological investigation emphasise the trends towards distributed multimedia (DMM), where technological developments increasingly support human online interactivity as well as distributed workspaces for product presentations and alterations. Present impacts and future implications from applied DMM-technologies have been analysed within the realm of the Danish textile and clothing industry. Businesses within this industry have specialised and become dependent on extensive levels of communication with both national and international contractors. DMM-technologies have become widely applied within production-processes and impact the international distribution of labour. In addition, the case shows that there are evident potentials in impacting the businesses and their decision taking. Potentials relate to an altered knowledge-formation on markets and demand-situations, as well as on suppliers' provisions and optimised value chain structuring. These socio-economic impacts have been analysed from an economic theoretical perspective, where a communication model has been introduced emphasising knowledge-formation regarding know-how, know-why, know-what and know-who. Analytical results of the model have been compared to four known theoretical directions: new economy, transaction cost analysis, evolutionary economics and industrial economics.