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 The New Economy stated that traditional measures of value were no longer valid because technology was changing the world so quickly and dramatically.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 ?
Articles from some of the winners of the Healthcare Awards 2012 can now be found in the Summer edition of The New Economy, available in shops now.
The turbulent New Economy is producing a workplace and supply chain focused on innovation and new choices.
He says African Americans have little information on how Cleveland's new economy will include them.
The New Economy still seems alive, if not quite as healthy as it was in the late 1990s.
The Los Angeles Alliance for a New Economy is working on a computer program that would allow developers to complete the impact statements in a matter of hours and at minimal cost, said James Elmendorf, a research analyst for the group.
An appendix of the report describes four projects that standard setters might consider in addressing the financial reporting challenges that are a part of the new economy.
The darlings of the business-to-consumer (B2C) segment have become the villains of the new economy.
But a lot of New Economy wealth is going to pretty traditional causes and pretty traditional groups," says Neil Carlson, a researcher at the National Committee for Responsive Philanthropy.
Intellectual property is also an interesting barometer of the changes that the new economy brings to the business world.
Simply put, the new economy is the Internet-based version of the "Old Economy.
The Federal Government is even discussing the possibility of creating a Department of the New Economy (Taylor & Lewis 2000).
Not a low risk-strategy, but he pulls it off, explaining what makes the New Economy function as effectively as Adam, Milton, and Rose describe their work.