New Economy

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Related to New Economies: Economies of scope, Emerging economies

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 ?
In this regard, Jhinaoui reviewed the strategies and actions implemented by Tunisia, in order to introduce these new economies and enhance their contribution to the protection of the environment and the promotion of renewable energies and sustainable development.
Yes, old and new economies are evolving to create the economy of the new millennium--a much different marketplace where some traditional assumptions deserve reconsideration and careful scrutiny.
The contrast between cereal and software learning curves is merely one of several differences between the old and new economies, Brian Arthur, Citibank Professor at the Santa Fe (N.M.) Institute, told participants during a workshop held at Stanford (Calif.) University.
Tom Doorley, a partner with Deloitte Consulting-Braxton Associates, has studied leaders and successful companies in both the Old and New Economies. One striking difference he has noted is the increased amount of time that new leaders spend on the road talking to customers and employees.