Old Economy


Also found in: Wikipedia.

Old Economy

The universe of companies and industries that experienced a tremendous amount of growth in the first part of the 20th century, but have since slowed down with the advent of technology companies. Examples of members of the old economy include the steel, automobile, and energy industries. It is important to note that the old economy is still relevant, with most old economy industries representing thousands of jobs and a significant proportion of GDP.
References in periodicals archive ?
Knecht as site administrator at Old Economy Village in Ambridge, Beaver County.
Replacing long-term fixed contracts with new flexible forms of contingent work contracts provides the essential vehicle driving the transition from the Old Economy to the New Economy resulting in increasing levels of uncertainty.
The first wrong implication was that the new economy meant that the Internet would sweep the old economy under the rug.
Northern Ontario is about to cross the almost invisible line between the old economy and the new economy.
Additionally, it compares the value relevance between companies classified as Old Economy versus those under the New Economy.
But he serves up other winning strategies that rely on old-fashioned verities, and holds up as winners several companies from the Old Economy, as well as the New.
Old economy fund manager Peter Webb yesterday said his Eaglet Investment Trust had lost 16 per cent of its value in the second half of last year.
Tne New and Old Economy have changed the way the world works.
With office supply in Manhattan still at a premium and traditional companies avoiding the tech-and-telecom rubble, Brause's vision was vindicated when MetLife, a credit-worthy Old Economy giant, leased the entire building at 27-01 Bridge Plaza North.
We're using the New Economy through the old economy,"' says Aldazoro, a former consumer goods marketing executive.
3 billion home and commercial appliance manufacturer with more than 25,000 employees, but the executive says he began to tire of Old Economy corporate America.
In other words, the Old Economy is the one in which business transactions are made face-to-face or over the phone, while business is transacted over the Internet in the New Economy.

Full browser ?