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.
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References in periodicals archive ?
"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.
"Affordable and reliable access to the Internet, and trust in the Internet to provide a secure cyberspace are two things that are critical to the digital economy.
The Government funding was announced as part of Chancellor George Osborne's summer Budget, when a PS23m investment in six multidisciplinary Next Stage Digital Economy Centres was con-firmed.
Merewyn said some rural businesses were already utilising the digital economy successfully - but with 4.2m workers in the UK now shunning the daily commute by working from home and the country seeing an explosive growth in so-called back bedroom businesses, market forces were now upsetting this urban trend.
Economic Analysis of the Digital Economy brings together leading scholars to explore this emerging area of research.
I believe that the digital economy is a step towards the future and anyone not adequately prepared won't reap the benefits of tomorrow," said Demetriades.
TEI commends the OECD for the Discussion Draft's detailed and broad overview of the digital economy, some of the tax challenges it may present, and potential options to address those challenges.
Featuring key note speakers and industry experts - including Dr Mike Short, vice president of Telefonica Europe and Dr Nick Appleyard, head of digital for the Technology Strategy Board - the conference will also illustrate how the digital economy can be harnessed to create further growth.
The high-level expert group the European Commission has established to help shed some light on the Union's approach to taxing the digital economy met for the first time on 12 December.aThe group is chaired by Portugal's former Finance Minister Vitor Gaspar, and has six other members: Pierre Collin (French Council of State), Michael Devereux (OxfordaUniversity Centre for Business Taxation), Jim Hagemann Snabe (co-CEO of SAP AG), Tea Varrak (Innovation and Business Centre Mektory, Estonia), Mary Walsh (consultant, Ireland) and Bjorn Westberg (Jonkoping International Business School, Sweden).
The Digital Economy: Business Organization, Production Processes and Regional Developments

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