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Economy and “New Economy” in the United States and Germany

Year: 2001

Type: article

Abstract: The expression “New Economy” is used inconsistently. This article reviews the driving forces of the US boom of the 1990s, examining the changes introduced in the period and before, focusing on the IT sector and new technologies. The “New Economy” is not just the new sectors, but changes in the overall economy emanating from them. These changes will not evaporate in an economic slowdown. Comparisons of the USA with Germany and Europe illustrate that the “New Economy” will also continue to develop there on the foundations already laid.

Source: Intereconomics

DOI: 10.1007/bf02929974

Author: Phillip J. Bryson

Institution: Brigham Young University

Language: English

Topic: Information Society and Technology Trends

Subfield: General Social Sciences

Field: Social Sciences

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: green

OpenAlex ID: W1987889679