Old Economy

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 ?
'The [traditional] postal business is an old economy. Nothing you do could reverse the gradual decline in snail mail, because we now have electronic mail.
Launched in 2018 by Bloomberg, the New Economy Forum is committed to promoting the smooth transition from the old economy -- one based on labor-intensive manufacturing and trade in goods -- to a new one focused on industrial automation, digital services and exchanges of data.
To me, this feels a lot like the same old economy we've had since the Financial Crisis.
The hospitality business showed the highest willingness to hire with 92.7 percent saying they wanted to recruit, followed by the retail/wholesale and trading business (91.1 percent), the information technology industry (90.9 percent), and old economy manufacturers (89.7 percent), according to the survey.
His first electoral key concerns how "old economy voters" cast their ballots this November.
Even more interestingly, much of the growth could be attributed to a rise in industrial output - or China's old economy.
"FY17 earnings of old economy companies should be largely negative due to stunted demand and business cycle crackdowns.
While a government infrastructure building spree and housing boom have given a much needed boost to "old economy" firms from steel mills to cement makers, CBB noted foreign orders had also improved.
That is why we have an economic plan that is underpinned by 10 economic priorities to transition from the old economy to the new economy.
ecommerce czar: A nickname for a senior-level executive who's charged with reforming an "old economy" company's internet and ecommerce strategies.
Stocks tied to the country's so-called old economy (oil and bank sectors) were the strongest gainers.
Focusing first on CEO compensation, Table 2 shows that options schemes for the CEO are most common in the Old Economy sample.