New Economy

Definition

This term was used in the late 1990's to suggest that globalization and/or innovations in information technology had changed the way that the world economy works. Conjectures included changes in productivity, the inflation-unemployment tradeoff, the business cycle, and the valuation of enterprises.

Use New Economy in a sentence

If you want to make sure that you are going to do well with your product you need to know how to market it in the new economy.

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This was part of the new economy, since globalization and technology would now take over much of the communication and world dealings that had taken so much time so long ago.

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The invention and advancement of new technology, especially information technology has ushered us out of the industrial economy and into a NEW ECONOMY that is based on different business principles.

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