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 ?
Hancock, president and CEO of Exodus Communications, detailed "Hosting's Second Act: Adapting to the New New Economy.
As information technology managers nationwide struggle to make sense of the new New Economy, The Information Technology Association of America (ITAA) today announced plans for its fortieth executive management conference, "VISION 2010" and CEO Summit in Orlando, Florida on June 25-27, 2001, a program designed to help the IT industry wade through the hype and headlines in order to lead their companies to success in this ever-changing marketplace.
It's a new recruiting world out there - and to help companies succeed, AIRS is hosting Leadership Summit symposiums, "Successful Recruiting in the NEW New Economy," in six major metro regions.