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

Phillip J. Bryson

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Information Society and Technology Trends ICT Impact and Policies Economic Development and Digital Transformation

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.

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1991The Competitive Advantage of Nations 1990The Competitive Advantage of Nations 1999Does Trade Cause Growth?2000Information Rules: A Strategic Guide to the Network Economy 1999Information Rules: A Strategic Guide to the Network Economy 1999The New Growth Evidence 2000Stock Market Wealth and Consumption 1999Information Technology and Growth

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