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 The New Economy stated that traditional measures of value were no longer valid because technology was changing the world so quickly and dramatically.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 ?
Lucie Stephens, of the New Economics Foundation, said: "It's right that the Government is looking at ways to deal with the crippling cost of childcare for parents.
New ideas are desperately neededDavid Powell of New Economics Foundation
Samuel Bowles' latest book, The New Economics of Inequality and Redistribution, is chiefly an attack on this widespread view.
The high levels of wellbeing reported by the over-60s are not a global phenomenon, in many countries older age groups have the lowest wellbeing," Saamah Abdallah, senior researcher at the new economics foundation, said.
Ahead of the pay review findings, the TUC today published research by the New Economics Foundation, which suggests targeting the pay of the region's 250,000 public sector workers would eventually risk removing pounds 761m a year from the regional economy.
Bulgaria is 125th out of a total of 151 countries in terms of of sustainable well-being, according to the New Economics Foundation third annual Happy Planet Index.
A study by think-tank the New Economics Foundation found the average banker destroys pounds 42million a year in value while creating just pounds 5million.
Stewart Wallis, executive director of the New Economics Foundation, urges nations to work in concert to address crises that promise to arise with greater frequency and severity - whether extreme weather events and devastated croplands or over-reliance on debt.
The New Economics Foundation said RBS, Lloyds, Barclays, HSBC, Nationwide are able to borrow cheaply from investors believing they will be bailed out again if necessary.
Publicly-listed companies should have to justify high pay inequalities, such as in banKing, because there were few circumstances in which radios above 20:1 could be defended on economic and social grounds, said the new economics foundation.
Another book that illuminates the search for better ways to do things is Plenitude: The New Economics of True Wealth (Penguin, 2010) by economist and best-selling author Juliet B.
A recent report by the New Economics Foundation (NEF) makes a particularly compelling argument for work sharing in their proposal for a new "normal" working week for Britain of 21 hours.