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 ?
The New Economy has been impressed by the winners of the Healthcare Awards 2012, having noted their determination in developing treatments, pioneering therapies and improving patient care.
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 report reviews a range of studies and articles that compare accounting treatments for traditional assets and the challenges of new economy notions of intangible assets.
The new economy offers great opportunity for CPAs, but before taking the plunge, you need to understand the playing field.
One New Economy laggard, the youth Web-site operator Snowball.
The business world is also undergoing rapid change from an industrial age to a new economy based on information, the Internet, and global networks.