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 ?
While a new generation of clients has emerged as a result of the e-business revolution, the recent economic downturn in the dot-com economy has slowed demand for BPO and business service providers (BSP) targeting the low end of the market," said Ms.
As the dot-com economy cools down, business essentials such as cost containment, ROI and profitability have returned to the front burner where they belong.
commonwealth Coalition's educational and marketing campaign designed to raise visibility for the new dot-com economy throughout Massachusetts," said Joyce Plotkin, president of the Massachusetts Software & Internet Council and one of the co-founders of the Dot.
In a newly chastened dot-com economy, this year's honorees -- "difference-makers" themselves -- shone through, with 23 entrepreneurs representing 20 new media and information technology organizations in Southern California.
The iForce Heroes Program is part of Sun's iForce initiative -- a set of products, services and solutions from Sun and its strategic partners to help customers move quickly and efficiently into the dot-com economy.
With the cooling of the dot-com economy, we're witnessing something of a return to fundamentals," said Dudley Brown, managing director, BridgeGate LLC.