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 ?
(9.) Charles Duhigg and David Barboza, "The iEconomy: In China, Human Costs Are Built Into an iPad," The New York Times, 25 January 2012.
Indeed, those conditions were reported on by none other than the New York Times for its hard-hitting (http://www.nytimes.com/interactive/business/ieconomy.html) iEconomy expose, which was first published in January 2012.