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New Economy

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.03 sec.

New Economy

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 It stated that traditional measures of value were no longer valid because technology was changing the world so quickly and dramatically.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



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You're right on the money regarding the "new economy" ("The New Economy, Really," Editor's Note, October), especially concerning outdated economic models, such as net vs.
The new (casino) economy by Naft, Barry / Chief Executive (U.S.)
And New Economy guru George Gilder was getting respectful write-ups in The New York Times.
That old new economy: a leftist tries to make sense of the '90s boom by Oliver, Charles / Reason
According to Parks, a lot of current market problems were caused by the emergence of new economy and the high-tech boom that created a remarkably high demand for office space back in 1999 and 2000.
Recovery may take longer than expected by Misonzhnik, Elaine / Real Estate Weekly
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