The New Economy is dead,long live the information economy |
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Authors: | Phillip J Bryson |
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Institution: | (1) Brigham Young University, Provo, Utah, USA |
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Abstract: | The arrival of the 2001–2003 recession caused many to suppose that the so-called “New Economy” was now defunct. This article
addresses a number of related issues, including the question of the durability and viability of business cycles in the face
of the technological developments of the information age. It asks what went wrong with the New Economy and examines its characteristics
as well as its remaining possibilities and prospects for the future. Finally, it considers the spread of the Information Economy
to Europe, especially to Germany, the country that one might expect to be the leading European player, but which is not at
present actually a strong competitor for that role. |
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Keywords: | |
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