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 ?
The turbulent New Economy is producing a workplace and supply chain focused on innovation and new choices.
He says African Americans have little information on how Cleveland's new economy will include them.
The New Economy still seems alive, if not quite as healthy as it was in the late 1990s.
The Los Angeles Alliance for a New Economy is working on a computer program that would allow developers to complete the impact statements in a matter of hours and at minimal cost, said James Elmendorf, a research analyst for the group.
The report reviews a range of studies and articles that compare accounting treatments for traditional assets and the challenges of new economy notions of intangible assets.
For example, in his review of 'Direct From Dell' by Michael Dell, the founder of the Dell Computer Corporation, Middleton points out that the author may not be as significant to the future of the new economy as he was in bringing it about.
The darlings of the business-to-consumer (B2C) segment have become the villains of the new economy.
One New Economy laggard, the youth Web-site operator Snowball.
The business world is also undergoing rapid change from an industrial age to a new economy based on information, the Internet, and global networks.
Simply put, the new economy is the Internet-based version of the "Old Economy.
Not a low risk-strategy, but he pulls it off, explaining what makes the New Economy function as effectively as Adam, Milton, and Rose describe their work.