New Economy

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New Economy

Coined in the late 1990s, it referred to the impact of information technology on the economy. The New Economy stated that traditional measures of value were no longer valid because technology was changing the world so quickly and dramatically.

Also known as the "Digital Economy," it implied that any company not embracing the Internet in a big way was doomed to fail in the future, and its mantra was "gain market share at all cost." After the dot-com failures began in 2000, the term lost much of its luster. See App Economy, New New Economy, iPhone Economy, iEconomy and GNU Economy.
References in periodicals archive ?
A working group for digital economy matters has been created, she said.
Speaking to TAP at a workshop on the digital economy organised Friday in Gammarth, on the sidelines of the Tunisia Investment Forum (TIF 2017), the minister explained that this new code will provide Tunisia a regulatory framework that will accelerate the process of digital transformation of the Tunisian economy.
It also redesigned CIP's digital economy website, and it's now the second most popular page on Econ@state.
He added: "These reports give us a snapshot into how important the digital economy is to householders and businesses, no matter where they are located.
Global consulting and technology firm, Booz Allen Hamilton, has said that the digital economy needs strategic policies.
During a press conference on Thursday, Smart Tunisia project leader Raouf M'henni stressed that the "Smart Tunisia" project will create 50,000 jobs in the ICT field over the next five years, besides the establishment of the foundations of the digital economy in Tunisia.
Middle East boardrooms are urged to adopt real-time data solutions to compete in the region's digital economy, set to double to $30 billion by 2018, business experts announced on Monday at Gitex Technology Week.
The growth in total value of Muslim consumers' contribution to the global digital economy is expected to outweigh the growth of the total global digital economy, the Digital Islamic Economy Report for 2015 said.
The initiative to launch a competition that effectively serves as an incubator for SMEs in the Islamic digital sector across the world was driven by the findings of the State of the Islamic Digital Economy report by Thomson Reuters and DSOA.
She said that resources seemed to be going to businesses in urban areas - creating a two-tier digital economy and imposing other negative impacts on local communities by reducing rural areas to mere "commuter belt" status.
Following the explanation of a measurement agenda for the digital economy, the main body of the text is organized in five chapters, covering the digital economy today, and four thematic chapters devoted to investing in smart infrastructure, empowering society, unleashing innovation, and delivering growth and jobs.
Addressing a seminar on digital economy, Demetriades said that investment in growth and future innovation is undoubtedly a must, expressing the government's pledge to promote and support innovation initiatives whether via state or EU co-financed funds.

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