New Economy

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New Economy

An informal term for the changes that came to developed economies during the late 1990s. The new economy came about largely as a result of the popularization of the Internet. For example, because of the new economy, online companies can provide information for free and derive their revenue from advertising. Likewise, many jobs can now be done anywhere. That is, many jobs no longer require one to be present in the office; for example, one can do work in Oklahoma for a company based in Pennsylvania. See also: Dot-com bubble.
References in periodicals archive ?
For his part, Karim Koundi, a partner in consulting firm "Deloitte" said "The digital economy can be a growth vector for several economic sectors such as transport.
CIP also expanded its coordination with digital economy stakeholders in the private sector, civil society and interagency community.
As the digital economy grows, it is essential that the benefits are felt in every city, provincial town and rural area.
A report said that regional central banks should adopt a more strategic approach to regulatory policymaking in order to realise the full potential of the digital economy in the Middle East and North Africa region.
For ministers of vocational training and employment and communication technology and the digital economy, Zied Laadhari and Nooman Fehri, respectively, Smart Tunisia project will give another image of Tunisia and its capabilities in this sector.
With the growth in digital Islamic services, such as mobile apps, websites, and e-commerce platforms for Islamic finance and fashion, and halal food and travel, the Middle East's Digital Economy is set double from $15 billion in 2015 to $30 billion in 2018, according to a report by Deloitte .
The report further reaffirms that [the] Islamic digital economy has indeed become an integral part of everyday life, and indicates significant opportunity for growth in terms of business and innovation.
Merewyn said some rural businesses were already utilising the digital economy successfully - but with 4.
European commissioner for Digital Agenda Neelie Kroes said that for every traditional job lost, digital economy creates two and a half new jobs.
4m superfast broadband project aimed at developing a thriving digital economy following European investment.
As evident in China's rejection of Google, each country has its own laws and compliance system around the digital economy.
The National Strategy represents a significant advance in securing the future of the digital economy.

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