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 The New Economy stated that traditional measures of value were no longer valid because technology was changing the world so quickly and dramatically.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 ?
This New Economy is forcing all of us to change and adapt at an accelerated rate.
The new economy Cleveland hopes to create, with top jobs in research and engineering, seems to have no immediate place for these same high school graduates.
And New Economy guru George Gilder was getting respectful write-ups in The New York Times.
Roxana Tynan, director of accountable development for the Los Angeles Alliance for a New Economy, said the reports would show the wages, health benefits and union status of workers to be hired.
In some respects, the new economy was a positive development," he said.
This interesting and informative book will be helpful in understanding the way the world's rich nations are responding to the new economy.
Indeed, few analysts resisted the tendency to overvalue New Economy companies in the late 1990s.
The Financial Accounting Standards Board has published a Special Report, Business and Financial Reporting, Challenges from the New Economy, that examines the intersection between the new economy and business and financial reporting.
Sweden, a leading player in the new economy in Europe, is keen to take advantage of its term at the EU helm to inform its partners of how it has been able to benefit from new technologies.
This book is aimed at helping the reader keep up to date with the best and most practical thinking about the new economy.
The new economy offers great opportunity for CPAs, but before taking the plunge, you need to understand the playing field.