A look at the emergence of the new hi-tech economy as compared to the old economy of manufacturing and production.
Written in 2002; 2,730 words; 11 sources; MLA; $ 81.95
Paper Summary:
This paper explores the emergence of the so-called new economy - namely the IT boom and dot.com phenomenon seen in recent history. First, the paper explains what exactly defined this new economy and why it differed from the old, more stable and long-term economy. The paper then explores how this new economy effected global markets, individual business strategies and most importantly how it merged to work alongside the old economy, which continued to play a major role.
Contents:
Introduction
Definition of the New Economy
The New Economy and the World Economy
The New Economy and Business Strategy
Bringing the New Economy and the Old Economy Together
Changes Associated with E-Commerce
Outlook
Conclusion
From the Paper:
"For some analysts, the term, "New Economy," refers to the plethora of "dot com" companies which have come into existence in just the past few years, created new millionaires from young entrepreneurs, and changed retailing as consumers comparison shop and browse from their homes and offices 24 hours a day, seven days a week. However, the ramifications of the New Economy move far beyond just using the Internet to reach catalog customers. Wilfred Corrigan, an executive in the semiconductor industry, notes that a primary difference between the Old Economy and the New Economy is the primary commodity which powers the two."
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