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New Economy
Date Submitted: 09/10/2006 05:50:41
Category: / Business & Economy / Management
Length: 5 pages (1455 words)
Category: / Business & Economy / Management
Length: 5 pages (1455 words)
What is the New Economy? In the simplest term, the New Economy is a term to describe the evolution of high technology-based economy in the United States (WikipediA). With the new developments in the Internet, telecommunications and computer sectors, this evolution as believed by many to have created a state of permanent and steady growth, low unemployment and immunity to boom-and-bust macroeconomic cycles. During the four years of 995-99, U. S. productivity growth experienced a …
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…com buddle collapsed, the exuberance may be over and a new realism is the order of the day. Nevertheless, whether the New Economy is myth or reality, certain facts are evident. In light of advances in technologies, individuals need to be able to find and keep jobs, and they need education to prepare them for employment. With the expansion of Internet economy, it will change the way business is conducted and the relationships between firms
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